Economy Archives - Page 2 of 4

The original shareholders of Amity Bank were never involved in discussions to completely handover the bank to the Ivorian Group, and the terms of the deal have never been known The Cameroon Gov’t ignored the CEMAC Court’s ruling, and so Esimi Menye’s or Gov’t’s mafia, caused another Anglophone bank to disappear, after Cameroon Bank […]

Another affiliate of Neptune Oil, a 400 billion FCFA Cameroon Tyre Factory, CTF, is a project that will hopefully help to revive the Cameroon Development Corporation. A new micro finance establishment, ‘Agence Bancaire pour le Commerce’, ABC Finances (Banking Agency for Trade, ABC Finances), with headquarters in the nation’s economic capital, Douala, officially launched its […]

Essimi Menye Lazare, Cameroon’s Minister of Finance from September 7, 2007 to December 9, 2011, was the person that proposed the takeover of Amity Bank, to Atlantic Financial Group Atlantic Financial Group is the mother company of Banque Atlantique of Ivory Coast and a few other Francophone African countries, including Cameroon. Due to the […]

Demands that 2025 State budget should drastically reduce superfluous and overpriced functioning expenditure, and Gov’t’s luxurious lifestyle Strongly condemns Gov’t’s inability to properly address the alarming and worsening humanitarian crisis in the Far North Region National Executive Committee starts laying out plan for party’s effective participation at the next presidential, legislative and municipal elections Cameroon’s […]

A big controversy sparked off last year, when a leaked document exposed the names of elites of the South Region that were working to create the micro finance. The controversy came from the fact that some GMs of public corporations and senior civil servants, were at the forefront of the project A project by an […]

Cameroonians disappointed with decision by London Court, to push the start of hearing in the second phase of the case, in which Cameroon is involved, to June 2027 The management of the State owned National Hydrocarbon Corporation commonly known as SNH, has stepped up pressure on the Special Criminal Court in Cameroon’s capital , Yaounde, […]

The coming in of a heavyweight of the regime, Prof Joseph Owona, as shareholder of Amity Bank, helped the Board Chair/General Manager (PDG), Laurence Tasha, to hold on to his juicy position in the bank, as the force that wanted him out, got weaken. Prof Owona in fact helped Tahsa to do a number of […]

Towards the end of the first week of this month, the picture of the then General Manager of TRADEX, Simon PALEY, appeared on the social media, with a caption indicating that he was the first Cameroonian allegedly handed over by GLENCORE. This meant that Paley was the first persons whose name had allegedly been exposed […]

The Director General says AXA is determined to continue to contribute to the socio – economic development of Cameroon. In a double and colourful ceremony that took place in Cameroon’s economic capital, Douala, on Wednesday, October 2, 2024, the Director General of AXA Group, THOMAS BUBERL, who was on a working visit to the country, […]

A very destructive conflict erupted between the former majority shareholder of Amity Bank, Isa Bongam, and the new majority shareholder and General Manager the bank, Lawrence Tasha, with two camps emerging in the bank. Bongam and Tasha got engaged in a series of protracted, damaging and costly court cases, which drained a lot of money […]

Category: Economy

Part 5 – Final: The CEMAC Court Ruled That The Takeover Of Amity Bank By Atlantic Financial Group Of Ivory Coast Was Wrong And Illegal.

New Micro Finance Establishment, With 5 Billion FCFA Capital, ABC Finances, An Affiliate of Neptune Oil, Launches Activities

Part 4: How Amity Bank Which Was Created By A Group Of Anglophones, Ended Up Becoming A Subsidiary Of An Ivorian Group.

SDF Asserts That Current Unbearable High Cost Of Living In Cameroon, Is To A large Extent Caused By Bad Governance and Incoherent Gov’t Policies

First Major Micro Finance Institution Created By Sons Of The South Region, United Forest Finance, Finally Goes Operational

The GLENCORE Affair: SNH Steps Up Pressure On Special Criminal Court To Handle The Big Corruption Case As Concerns Cameroon

Part 3: How Amity That Was Created By A Group Of Anglophones, Ended Up The Affiliate Of An Ivorian Bank.

The GLENCORE Affair: Was The Sacked GM Of TRADEX, Simon PALEY, Involved In The 7 Billion FCFA Bribe- Scandal?

Director General Of AXA Group, Thomas Buberl, Made Honorary Citizen Of Douala, Sawa Notable And Ambassador

PART 2: How Amity Bank That Was Created By A Group Of Anglophones, Ended Up An Affiliate Of An Ivorian Bank

Did Some Local SDF Officials And Members Of The Tiko Electoral District Of The Party, Backstab Chief Mayor Mokondo Daniel?

12 Cameroonian Soldiers Of The Multinational Joint Task Force In The Lake Chad Basin, Killed In Nigeria

Kamto Insists That Orange Money Cameroun Must Formally Apologized To MRC, Or Else - - - -

Why Many Family Businesses In Cameroon Do Not Survive Their Founders (Part 5):

Only 4 Out Of 23 Candidates Retained For The April 12, 2025 Presidential Election In Gabon

2025 Presidential Election In Cameroon: Genuine Opposition Candidates Not Likely To Be Given Investitures By Their Parties, Because Of CPDM Influence