(Business in Cameroon) – AFG Bank Cameroun, a subsidiary of the Ivorian financial group AFG Holdings, signed a framework agreement on June 13, 2025, with the Local Governance and Resilient Communities Project (Prolog). The agreement, inked in Yaoundé, aims to assist Prolog’s beneficiaries, namely decentralized local governments, in managing funds allocated for government-approved projects under this World Bank-financed program.
“This banking partner is here to help us manage and oversee the funds,” said Jackson Ngwa Edielle, Prolog’s national coordinator. “With the bank’s expertise, we’ll improve the quality of fund monitoring and ensure that the money is effectively used for its intended development activities.”
Aminatou Njikam, Deputy General Manager of AFG Bank Cameroun, noted that the bank’s involvement with Prolog “reflects AFG Bank’s new vision, which encompasses capacity building, management support, and financial guidance for decentralized local governments.“
Prolog, funded by the World Bank to the tune of CFAF189 billion, has thus far signed financing agreements with six regional councils and 54 municipalities, according to its coordinator.
Initially designed as a five-year initiative covering 2022–2027, Prolog only commenced operations in 2024. It currently operates in six of Cameroon’s ten regions: the three northern regions (North, Far North, and Adamawa), as well as the East, Northwest, and Southwest regions.
BRM
