Billionaire Paul Fokam's Afriland Opens First Cameroonian Bank Branch in CAR
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Central African Republic: Paul Fokam Deploys Afriland and Targets 10% of the Country's Bank Deposits
The regional expansion of the Cameroonian group Afriland First Bank passes a new stage in the CEMAC zone. The bank of the businessman Paul Fokam Kammogne officially enters the Central African banking market, a territory that has long been out of reach for purely regulatory reasons. Afriland First Bank announced, in a press release published on 15 July 2026 in Yaoundé, the entry into operation of its branch in the Central African Republic, operat…
Billionaire Paul Fokam's Afriland opens first Cameroonian bank branch in CAR
Afriland First Bank, the lender founded by Cameroonian billionaire Paul Fokam Kammogne, has become the first Cameroonian bank to establish itself in the Central African Republic, opening a branch in a market where fewer than one in ten adults holds a bank account.The bank announced the opening in a statement on July 15, saying the branch has been operational since June. It is capitalised at 2.15 billion CFA francs, about $3.7 million, and is hea…
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