logoBC
Yaoundé - 19 March 2024 -
Finance

Afriland First Bank obtains financial market supervisor Cosumaf’s authorization for its brokerage firm “Afriland Bourse & Investment”

Afriland First Bank obtains financial market supervisor Cosumaf’s authorization for its brokerage firm “Afriland Bourse & Investment”
  • Comments   -   Friday, 03 July 2020 13:02

(Business in Cameroon) - On July 2, Cameroonian bank Afriland First Bank informed that the Central African Financial Market Supervisory Commission (Cosumaf) approved its subsidiary "Afriland Bourse & Investment" as a brokerage firm on the financial market in CEMAC (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea, and Chad).

The purpose of this new brokerage firm is to offer financial assets management and collective investment in transferable securities services, stock exchange operations, financial engineering, financial intermediation and related activities, investment services, and other financial activities.

The new entity created by Afriland First Bank, which is the leader of the Cameroonian banking sector, offers its corporate and institutional clients an alternative financing mechanism thanks to which they can raise funds on the financial markets. It also offers investment products to individuals.

The banking group appointed Pierre Kammogne (photo) as the first Chief Executive Officer (CEO) who would lead "Afriland Bourse & Investment". This choice was also approved by the Cosumaf. The new CEO is a graduate in management sciences from the Catholic University of Central Africa and the Institute of Economic and Accounting Techniques of Paris. He has 20 years of experience in the banking sector.

At Afriland First Bank, he has held the positions of Director or Coordinator in the Treasury, International Operations, Human Resources, Corporate and Business Development departments.

S.A.

cameroon-extends-tax-payment-deadlines-amid-nationwide-internet-outages
The Cameroonian Ministry of Finance announced the extension of the tax filing and payment deadlines by a week, pushing the due date from March 15 to March...
cameroon-businesses-see-surge-in-bank-lending-in-q2-2023-despite-beac-s-tight-policies
Banks and financial institutions operating in Cameroon provided businesses in the country with loans totaling CFA1,311.6 billion between April and June...
air-liquide-sells-assets-in-12-african-countries-including-cameroon
French industrial gas giant Air Liquide announced yesterday it has sold its operations in twelve Sub-Saharan African countries to the investment firm...
undersea-cable-issues-disrupt-internet-in-cameroon-and-beyond
Internet access in Cameroon has been disrupted since the morning of March 14, 2024, following incidents involving two undersea cables. The Mobile...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »