Société Générale Cameroun

Cameroon
After its victory against Ecobank, Wadivo is preparing mass claims

The Cameroonian fintech now wants to capitalize on its first legal victory against the Lomé-based bank. It is relaunching refund claims on behalf of the bank's customers and has initiated a similar procedure against Société Générale Cameroun, with the ultimate goal of bringing together thousands of claimants.

Cameroon
MTN Cameroon nears €150m financing

Several local banks have been brought together to form the lending syndicate. The transaction is expected to close in full by the end of September.

Cameroon
Electricity corporation Socadel launches an ambitious debt refinancing plan

The Cameroonian electricity company hopes to raise almost 200bn FCFA on the market by the end of the year.

Cameroon
World Bank may activate guarantee for Nachtigal dam

Faced with unpaid bills from Eneo and limited cash flow, Yaoundé is struggling to repay a letter of credit. This situation could push the Bretton Woods institution to take drastic measures.

Cameroon
Government settles part of its debt with Advens-Geocoton

At the height of the post-election crisis, the industrial operator received an initial payment on its claim relating to the sale of its shares in Sodecoton to the State. The balance was cleared in full with help from the firm Financia Capital.

Cameroon
Aging network causes distribution back-up at Nachtigal dam

The partial distribution of electricity produced by the Nachtigal power station and delays in network modernisation are putting the state under financial pressure. Backers and investors are watching the state of hydroelectric projects with concern.

Cameroon
Commercial Bank of Cameroon's sale hostage to differences within government

In spite of two competing offers, the purchase of the state's shares in CBC is on hold at the presidency. The decision is being held back by political divisions on the issue.

The New Guard
Sudan, Cameroon, Morocco

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

SudanMohanad Orabi, the other youth voice for peace

CameroonAurélie Chazai, the lawyer who's a link between the state and business community

MoroccoNajwa Awane, new flag bearer for parasports

Cameroon
Coris Bank in lead to buy local Société Générale

The government and the bank's Paris head office have agreed on a potential buyer for the subsidiary, which is the second-largest bank in the country.

Cameroon
The millions lost by Société Générale's mobile payment service Yup Cameroun

Yup Cameroun, Société Générale Cameroun's mobile payment service, has cost its shareholders millions of dollars.

Cameroon
BGFI and Zenith Bank both in running to buy Société Générale's local subsidiary

Banque Gabonaise et Française Internationale and Nigeria's Zenith Bank have both expressed an interest in acquiring Société Générale's Cameroon subsidiary.

Cameroon
GICAM's many French bosses

The French have a strong presence in the Cameroonian employers organisation GICAM, illustrating where French interests lie in Cameroon.