Finance Archives - The Mentor

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 […]

The debate as to whether Cameroon should pull out of the French neocolonialism which the franc CFA represents, and create its own currency, took an interesting turn on Sunday, September 20, 2024. This was in a debate during the weekly flagship programme of Vision 4 TV in Yaounde, known as ‘Club D’Elites’. Prof Oliver Bile, […]

Amity Bank Cameroon was created in 1990 by a group of Anglophone Cameroonians, who were economic operators. It was the outcome of a Commercial Bank Project; an initiative of Lawrence Tasha, a son of the Nso land in Bui Division, Northwest Region. Lawrence Tasha, a BOBAN, is a professional banker, who lived and worked in […]

Mrs Gwendoline Abunaw, the University of Buea and London trained professional banker, has since 2017 being the General Manager of the reputed and popular commercial bank in Cameroon, Ecobank, a Pan-African bank. Not only that, she also doubles as the General Manger of “Cluster CEMAC” of the Ecobank Group, which means that she oversees the […]

However some of the banks have been recording success stories. With the coming of Africa Golden Bank, Cameroon today counts a total of eight commercial banks created with local capital, including one created by the State. They include: 1) Afriland First Bank. 2) Union Bank of Cameroon, UBC. 3) Commercial Bank Cameroun, CBC. 4) Credit […]

One of the few banks that was created with local capital, Afriland First Bank, has in the last couple of years tenaciously stayed at the upper rungs of the classification table of commercial banks, and a times occupies the first position. With the newly created commercial bank, Africa Golden Bank, having gone operational, Cameroon […]

AFRICA GOLDEN BANK has been created with local capital. The principal promoter or shareholder is the business magnate, Samuel Foyou, and other shareholders include a former Minister of Finance. A new commercial bank in Cameroon, Africa Golden Bank, has taken off with five branches; three of which are in the nation’s economic capital, Douala, one […]

Category: Finance

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

Opposition Leader Says It Will Be A Disaster For Cameroon To Create Its Own Currency, When The Biya Gov’t Is Still In Power

PART 1: How Amity Bank That Was Created By A Group Of Anglophone Cameroonians, Ended Up Becoming An Affiliate Of An Ivorian Bank

Cameroon’s Commercial Banking Sector: PART 4 – Gwendoline Abunaw, An Anglophone Lady Standing Strong In The Commercial Banking Sector In The Country.

Cameroon’s Banking Sector: PART 3 – Cameroon Counts Eight Commercial Banks Created With Local Capital, Some Of Which Ran Into Crisis That Forced COBAC To Intervene

Cameroon’s Banking Sector (PART 2): Cameroon Now Counts 19 Commercial Banks, But – – – –

Cameroon’s Banking Sector: PART 1 – A New Commercial Bank, AFIRCA GOLDEN BANK, Has Gone Operation With Five Branches

Elections Of PCC Moderator And Synod Clerk Billed For Monday, November 18 In Buea (Part 1):

Elections Of New PCC Moderator And Synod Clerk Billed For Monday, November 18 In Buea (PART 2):

2025 Presidential Election: Journalists Raise Questions On The Precarious Financial Situation Of Most Media Organs, And Overzealous Of Many Election Officials

Elections Of PCC Moderator And Synod Clerk Billed For Monday, November 18 In Buea (Part 1):

Elections Of New PCC Moderator And Synod Clerk Billed For Monday, November 18 In Buea (PART 2):

2025 Presidential Election: Journalists Raise Questions On The Precarious Financial Situation Of Most Media Organs, And Overzealous Of Many Election Officials