Cameroon Turns to AFG Bank to Refinance CFA50 Billion in State Arrears

AFG Bank acquired up to CFA50 billion ($83 million) of Cameroonian state receivables through debt assignment deals in 2025. The transactions increased Cameroon’s structured domestic bank debt, which rose 15.5% year-on-year by September 2025. The deals strengthened AFG Bank’s exposure to Cameroon’s sovereign credit while easing liquidity pressures on key state suppliers. As of end-September 2025, Cameroon’s latest public debt report highlighted the growing role of AFG Bank in managing the state’s domestic liabilities. Through several debt assignment transactions, the bank founded by Ivorian billionaire Bernard Koné Dossongui positioned itself as a key financial intermediary in clearing payment arrears owed…