Investment: Afriland First Bank Steps Up Social Capital

The multinational financial institution, Afriland First Bank, has officially announced an increase in its social capital from FCFA 50 billion recorded in 2021, to FCFA 110 billion in 2026 marking a FCFA 60 billion social capital increase in five years. The operation was done by incor­ poration of reserves, after receiving authorization from the Central African Banking Commission (COBAC), the banking regulator for Central Africa. The Bank’s Board Chair, Jean Paulin Fonkoua revealed that this decision shows how strong the bank has become over the years. It also shows the trust shareholders continue to have in the institution and in its management. For customers and business owners, this is good news. The bank can lend more money, support more projects, and stand firm even when the economy is difficult. “This historic move is a boost for increasing our ability to act in our various markets and speeding up the realization of First Bank Horizon 2030's ambitions. It will especially allow us to fund larger projects, step up our sup...