Afriland First Bank claims control of greater share of leasing market

BY NDUMBE BELL JOSEPH GASTON IN DOUALA Afriland First Bank known to have a 48.5% share of the leasing market, last February 21, 2023 in Douala, the Cameroonian economic capital, signed a partnership agreement with the Grouping of Land Carriers of Cameroon (G.T.T.C) aimed at facilitating the acquisition of vehicles. It is a leasing mechanism that consists of financing the acquisition of the production tools of companies. It is the use of this tools that makes it possible to pay the lessor by draft at an interest rate and agreed deadlines. Concretely, the bank will apply affordable interest rates and…