ARTICLE · 21 FEBRUARY 1996
Banking And Finance In Cameroon Part I
CameroonAntitrust/Competition Law
In the Republic of Cameroon, as in most parts of Africa, Banking and Finance can broadly be described as Informal or Formal. The latter, which represents all legally constituted moral persons and includes the commercial banks, finance houses, insurance companies, investment companies etc., will of course, considering their size and importance receive an in depth treatment.
Nonetheless, knowledge of the functioning of Informal Banking and Finance in Cameroon, as outlined below, would definitely prove very useful.
1. INFORMAL BANKING AND FINANCE
"TONTINES" OR "NJANGIS"
OVERVIEW
The concept of formal Banking and Finance in Cameroon as well as anywhere else in Africa perhaps might never have seen the light of day, save for the advent of colonialism. But, the same is definitely not true with INFORMAL BANKING AND FINANCE which was so deeply entrenched in Cameroon from time immemorial, as was the case during the colonial period up to independence, and still is, in post
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