(Business in Cameroon) - Ecobank’s Cameroonian subsidiary and Crédit foncier du Cameroun (CFC) have signed an agreement joining forces to promote access to decent housing. Through the “Bankimmo” initiative resulting from this agreement, Ecobank has committed to the sales and distribution of real estate financing products provided by Crédit foncier.

This initiative seeks to inform and service local Cameroonians as well as those of the diaspora and is being done to ensure that they can benefit from the real estate financing mechanisms that Crédit foncier, Cameroon’s housing bank, has created.

According to official statistics, the housing shortage in Cameroon is currently estimated at one million units. To address this problem, in addition to the agreement signed with Ecobank, the CFC is planning other forms of partnership with other institutions, starting with micro-financial entities to give its products a wider presence and increase Cameroonians’ interest in them, both at home and abroad.