AGC Insurance sacks General Manager

Comments

- Thursday, 07 February 2013 05:39

(Business in Cameroon) - Leopold Nguiffo, was sacked by the Board of Directors of AGC Assurances, on January 11, 2013 during the board’s meeting. After six months of service, MrNguiffo, was shown the door by his employer and millionaire, Joseph KadjiDefesso.

Reasons for the dismissal of this young insurance cadre, licensed on 14 December, 2012 by CIMA (Confederation of Inter African Insurance Markets) remain unclear as the company made good business last year.

The insurance company was gradually growing up in business. According to the Association of Cameroon Insurance Companies (ASAC), the company made just 360 million francs CFA in 2006 compared to GMC that made 3,6 billion francs CFA.

Follow @investcameroun

Mobile Money usage surges in Cameroon, outpacing traditional banking

The use of mobile money services has "particularly increased" in Cameroon, rising from 29.9% in 2017 to 42.7% in 2022 for the population aged 15 years or...

AfDB reports CFA3tn in financing for Cameroon over 60 years

The African Development Bank has approved CFA10,950 billion in financing for countries in Central Africa over the past 60 years since its inception in...

Cameroon spends nearly CFA71bn on public debt interest in Q1 2024

In the first quarter of 2024, the Cameroonian central administration made debt repayments totaling CFA312.4 billion, excluding outstanding payments....

Cameroon's domestic debt rose by CFA169bn in Q1 2024, driven by public securities

Cameroon's domestic debt, excluding payables over three months, has increased by CFA169 billion between March 2023 and March 2024. According to the latest...