(Investing in Cameroon) – Throughout its normal assembly held on March 28, 2025, the shareholders of Ecobank Cameroon validated the recapitalization venture, as much as a billion FCFA, Pan -African Financial savings and Loans. It’s a microfinance construction of 2ᵉ class, owned 89.1% by the Cameroonian subsidiary of the Pan -African banking group Ecobank.
This recapitalization will present 1.781 billion FCFA with the share capital of this microfinance construction. This vastly exceeds the regulatory necessities of the Banking Fee of Central Africa (COBAC), which imposes a minimal share capital of 300 million FCFA on microfinance institutions of 2ᵉ class.
In response to Ecobank Cameroon, the strengthening of fairness of Pan-African Financial savings and Loans ought to permit this microfinance construction to finance its prospects extra.
Operational since 2010 in Cameroon, Pan-African Financial savings and Loans, says it has already financed greater than 54,600 small companies lively within the agriculture, commerce and craft sectors. On the identical time, we study, greater than 67,520 averages and enormous firms have additionally been funded.
BRM
