Finance Archives - The Mentor

Studies Show That 83 % Of SMEs In The World Are Family Businesses. But In Cameroon, A Large Majority Of Family Businesses Die With Their Founders. Where Is Nangah Company? What Also Of Kilo And Bros Company, Or Che And Sons Company? What Has Become Of The Business Empire (Fotso Group) That Victor Fotso, Left […]

Different Models Of Family Business Across The World The Model Common In Cameroon And Other African Countries, Is Family Lineage A baking expert in Cameroon, Olivier Djaba, says there are a number of models of succession in Family Businesses in different parts of the world. However he says the model that is common in […]

Minister of Labour and Social Security assures that Gov’t will do everything to protect the interest of current employees of Standard Chartered Bank Cameroon, in the takeover deal The Cameroon Government is worried with some rather opaque areas that have appeared in the ongoing transaction between Standard Chartered Bank of the United Kingdom and […]

This is the way the Cameroon Government was also supposed to treat Amity Bank. COMMERCIAL BANK CAMEROUN, CBC, which is one of the commercial banks in the country, was created by the Fotso Group whose founder was the business mogul and multibillionaire, Fotso Victor, now of blessed memory. Since the Law does not permit that […]

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 […]

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 […]

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 […]

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: Finance

Why Many Family Businesses In Cameroon, Do Not Survive Their Founders (Part 1):

Why Many Family Businesses In Cameroon Do, Not Survive Their Founders (Part 2)

Standard Chartered Bank: Gov’t Expresses Concern Over Lack Of Clarity In Transaction For Access Bank To Take Over Standard Chartered Bank Cameroon

Commercial Bank Cameroun: From Fotso Group To State of Cameroon (Gov’t). Who Will Be The Next Majority Shareholder?

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.

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

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

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

Minister Felix Mbayu Leads Another Initiative By Yaounde Based Northwest Elites To Assist IDPs

Conflict Sparks Off Between Gov’t And Football Federation Of CAR, Over Appointment Of Rigobert Song Bahanag And Assistants

Experts Say 2025 Presidential Election In Cameroon, Will Be Fought On The Social Media

Minister Felix Mbayu Leads Another Initiative By Yaounde Based Northwest Elites To Assist IDPs

Why Catholic Bishops, Are Opposed To The Possible Candidacy Of President Biya, For The 2025 Presidential Election

WWF Discloses That 238 New Species Of Wildlife, And Plants, Have Been Discovered in Cameroon’s Section Of Forests Within Congo Basin