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The bank further solidified its position as a national market leader with a 19.2-percent market share in deposit collection and a 21.5-percent market share in credit at the close of 2022.
Minority and majority shareholders of the bank’s DRC subsidiary are having it out.
Fokam is one of Africa’s richest men, with a fortune assessed at more than $800 million in 2020.
Fokam is one of the richest men in Africa.
Publicly available data shows that the DRC already lost $1.95 billion between 2003 and 2021.
PwC notified Afriland First Bank in the Democratic Republic of Congo of a potential sanctions evasion.