Finance Archives - The Mentor

Many Microfinance Institutions Are In Problem Because They Are Owed Huge Amounts Of Unpaid Loans. Many Of The Loans Were Granted In Violation Of The Text, Because Of Corruption. The Fact Is That When Somebody For Example Has To Give Up 5 Million FCFA (20 %) As Bribe, To Be Able To Get A Loan […]

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Many SMEs In Cameroon, That Are Unable To Get Loans From Commercial Banks, Are Turning To Microfinance Institutions (Credit Unions), For Loans. And The Managements Of Most Of These Financial Institutions, For Selfish Interest Prefer To Grant Loans To SMES Than Ordinary Members. Is “The Poor Man’s Bank”, Now Abandoning The “Poor Man”! Why are […]

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The Microfinance Institutions (Credit Unions) That We See Around Are Not All The Same, As They Are In Different Categories (1, 2, 3). Despite The Propaganda Being Made, The Fact Is That A Bulk Of Microfinance Institutions In Cameroon Are of Category 1, Which Is The Lowest. Also, Most Of Them, Just As Their Names […]

Statistics From The Ministry Of Finance Show That At The End Of December 31, 2020, There Was A Total Of 415 Microfinance Institutions In The Country. By The End Of December 31, 2022, The Total Number Of Microfinance Institutions Dropped To 402, While By The End Of December 31, 2025, The Total Number Dropped To […]

In Cameroon, The Two Anglophone Regions Continue To Dominate The Microfinance Sector. But Despite The Large Number Of Microfinance Institutions In The Country, The Contribution Of The Sector In Financing The National Economy Remains Low. However, Microfinance Institutions’ Support To SMEs, And The Role They Plays As The “Poor Man’s Bank”, Are of Great Importance. […]

Transatlantic D. Announced On January 1, 2026, That It Would Start Merchandise Inspection (Scanning) At Douala Port On January 2. PAD And The Customs Administration Disagreed. That Sparked A Crisis (Blockage) At The Container Inspection Sector At The Port, Causing An Estimated Loss In Revenue Of 1.5 Billion FCFA Daily. An Emergency Meeting Was Convened […]

Prof ALBERT ONDO OSSA, Candidate Of Opposition Coalition, ‘Alternative 2023’, Won The Presidential Election. But The BONGO Regime Stole The Victory. The Military, Led By General OLIGUI NGUEMA, Cousin Of President ALI BONGO, Intervened, And The Regime Fell. Former First Lady, SYLVIA BONGO, Was Placed Under House Arrest, In Connection To Embezzlement Of Public Funds. […]

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On July 14, 2023, It Was Announced That STANDARD CHARTERED BANK Of The United Kingdom, Had Entered A Sale Agreement With ACCESS BANK Of Nigeria, For The Latter To Takeover Some Subsidiaries of The Former In Africa, Which Included STANDARD CHARTERED BANK CAMEROON. Last Year, Gov’t Expressed Concern Over, “Lack Of Clarity In The Transaction”. […]

Despite Suffering From Severe Stroke In 2018 Which Rendered Him Partly Incapacitated, President BONGO, Would Not Leave Office. First Lady, SYLVIA BONGO, And Eldest Son, NOUREDDIN, Took Advantage Of President BONGO’s Situation, To Fraudulently Use His Name To Embezzle Hundreds of Billions FCFA From The State, With The Complicity Of The Director Of Cabinet. LACCRUCHE […]

Last Year, The Coming Of AFRICA GLOBAL BANK Of Cameroonian Business Magnate, SAMUEL FOYOU, Raised The Number Of Commercial Banks in Cameroon To 19. But With The Official Takeover Of STANDARD CHARTERED BANK Cameroon By ACCES BANK On Dec. 5, 2025, The Number Of Commercial Banks In The Country Has Dropped Back To 18. (List […]

Category: Finance

Part 5: The Biggest Problem ‘Killing’ Many Microfinance Institutions (Credit Unions) In Cameroon Today Is Bad Governance, Precisely Corruption.

Part 4: Why Elections Of Board Members Of Microfinance Institutions Are Today A Do Or Die Affair, Whereas Board Members Are Not On Salary

Part 3: So Far, Only Two Microfinance Institutions In The Country Have Developed Into Commercial Banks.

Part 2: While New Microfinance Institutions Spring Up Like Mushrooms In Cameroon, The Total Number These Financial Institutions Keeps Dropping, Annually.

Part 1: Cameroon Continues To Largely Dominate The Microfinance (Credit Union) Sector In Central Africa Sub – Region (CEMAC Zone).

Crisis At The Douala Port (Part 3): CYRUS NGO’O / NGOH NGOH Camp Ignored Finance Minister, And Pushed On With Their Transatlantic D Project At Douala Port.

Embezzlement Scandal At Gabon’s Presidency (Part 2): Though In Bad Shape, President ALI BONGO Still Declared His Candidacy For The August 26, 2023 Presidential Election

STANDARD CHARTERED BANK CAMEROON Has Been Officially Transferred To ACCESS BANK, Ending A Transition Process Which Started In July 2023.

Embezzlement Scandal At Gabon’s Presidency (Part 1): President ALI BONGO, Married To A French Lady, Appointed French Man, BRICE LACCRUCHE ALIHANGA, As Director Of Cabinet

The Number Of Commercial Banks In Cameroon, Which Last Year Rose To 19, Has Dropped Back To 18

Part 5: The Biggest Problem ‘Killing’ Many Microfinance Institutions (Credit Unions) In Cameroon Today Is Bad Governance, Precisely Corruption.

Part 4: Why Elections Of Board Members Of Microfinance Institutions Are Today A Do Or Die Affair, Whereas Board Members Are Not On Salary

Sir Dr Barrister NICO HALLE Receives Distinction As “MOST CELEBRATED, UNWAVERING PEACE CRUSADER, AND ANTI CORRUPTION CHAMPION OF THE DECADE”.

Sir Dr Barrister NICO HALLE Receives Distinction As “MOST CELEBRATED, UNWAVERING PEACE CRUSADER, AND ANTI CORRUPTION CHAMPION OF THE DECADE”.

2026 World Press Freedom Day: ‘FREEDOM WITHOUT RESPONSIBILTY, IS A RISK WE CANNOT AFFORD”, Prof WILLIBROAD DZE – NGWA

British High Commissioner To Cameroon, HE Matthew David Woods, Finds Sir Dr Barrister Ntumfor Nico Halle Award Gallery, “VERY IMPRESSIVE”.