IFC and Afriland First Bank Join Forces to Empower SMEs in Cameroon

Adopted by the African Union and officially announced on Monday, 17 February 2025 in a AfDB communiqué, the African Financial Stability Mechanism (AFSM) may well be the key to economic renewal on the continent. The mechanism put in place to strengthen financial stability and facilitate the refinancing of public debt, could also have a positive impact on African SMEs and MIPs, an important driver of the continent's economic development.The Africa…

IFC and Afriland First Bank Join Forces to Empower SMEs in Cameroon

Thousands of small businesses in Cameroon are set to gain greater access to financing, thanks to a new partnership between the International Finance Corporation (IFC), a global development institution and Afriland First Bank Cameroon, a player in Cameroon’s financial sector. The partnership aims to provide up to USD 60 M in funding to help businesses expand, innovate, and create jobs. With USD 20 M coming from IFC’s own funds and USD 40 M mobili…

On April 2, 2025, in Yaoundé, the solemn signing ceremony of the Agreement between the International Financial Corporation (IFC) and Afriland First BANK took place. The International Finance Corporation (IFC), a subsidiary of the World Bank dedicated to private sector financing, signed on April 2nd in Yaoundé a financing agreement of CFAF 36 billion for small and medium-sized enterprises. Under this agreement, SFI will make available to Afriland…

This is the object of the partnership agreement signed on April 02, 2025, in Yaoundé, between the International Financial Corporation ( IFC) and Afriland First Bank (AFB). It was in the presence of Cameroon's Minister of Small and Medium Enterprises, Social Economy and Crafts (MINPMEESA, Achille BASSILEKIN III. Mastodont and leader of the banking sector in Cameroon, AFB and IFC (member of the World Bank Group) have granted their violins to give …