IsDB Provides CFA62.3 Billion Financing to Cameroon Banks

The Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic Development Bank Group (IsDB), highlighted €95 million, or about CFA62.3 billion, in financing operations with four Cameroonian banks on September 14, 2026. The funds target SME and other private-sector financing, although several of the transactions had already reached various stages before the event in Yaoundé. The operations, presented during the IsDB Group Day in Cameroon, involve AFG Bank Cameroon, Commercial Bank Cameroon (CBC), Afriland First Bank and CCA-Bank. They aim to provide local banks with additional resources that they can channel to businesses. AFG Bank Cameroon accounts for €20 million, or CFA13.1 billion, while CBC accounts for €10 million, or CFA6.6 billion. Afriland First Bank represents half of the overall amount with €50 million, equivalent to CFA32.8 billion. CCA-Bank accounts for the remaining €15 million, or CFA9.8 billion. The CFA62.3 billion total, however, does not represent an entirely new financing package secured on September 14. Some of the transactions had already been announced or ...