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News24 com | Hezbollah and Israel s richest were
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Hezbollah and Israel s richest were both welcome at a DRC bank
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Hezbollah and Israel s richest were both welcome at a DRC bank
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Hezbollah and Israel’s Richest Were Both Welcome at a Congo Bank Bloomberg 27/02/2021
(Bloomberg)
2018 was a good year for Afriland First Group SA, a Switzerland-based company that oversees a network of banks across Africa.
In his opening comments to the annual report for the year, Paul Fokam, the group’s chairman and one of Cameroon’s wealthiest men, highlighted the “challenge of being ethical and compliant while creating value.” He asked readers to bear in mind that “we are in a battlefield where only alertness, flexibility, and perseverance can ensure sustainable victory.”
Little mention was made in the report’s 83 pages of one of the group’s star performers though, its unit in the Democratic Republic of Congo, a vast central African nation rich in natural resources including diamonds, cobalt and copper. While deposits across Afriland’s subsidiaries increased 17%, a PwC audit seen by Bloomberg shows that in Congo, accounts swelled nearly fivefold tha
Hezbollah and Israel s Richest Were Both Welcome at a Congo Bank
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