INVESTMENT : CCA Bank mobilizes CFAF 30 billion for two mining projects in Central Africa

(LVDE) — A fast-growing banking player in the CEMAC region, CCA Bank is strengthening its strategic position by committing to the financing of large-scale extractive projects. Through the BEAC’s special refinancing mechanism, the Cameroonian bank is channeling substantial resources into the real economy, spanning oil in Congo and iron ore in Cameroon.

In Central Africa’s financial circles, CCA Bank’s name is increasingly prominent. The bank, controlled by Cameroonian businessman Albert Nkemla, has secured a key role in a major financing arrangement for the development of the onshore Mengo Kundji Bindi II oil field, led by Trident OGX Congo. As part of a banking consortium headed by Banque Sino-Congolaise pour l’Afrique (BSCA Bank), CCA Bank is committing CFAF 30 billion to a total investment estimated at CFAF 200 billion.

According to information drawn from BEAC documents, the initial composition of the banking pool changed due to operational delays observed among certain partners. Ecobank Congo and Crédit du Congo were consequently removed from the arrangement, making way for CCA Bank Cameroon, whose responsiveness was deemed more compatible with the project timeline.

The Bank of Central African States (BEAC) is playing a pivotal role in this operation. At the request of BSCA Bank, it activated its Special Refinancing Window designed to support medium-term credit for productive investment. After review, the Monetary Policy Committee, meeting on December 15, 2025, approved the mobilization of CFAF 95 billion through this mechanism, at the prevailing policy rate of 4.75%, for a five-year maturity.

Beyond Congolese oil, CCA Bank is also positioning itself on a structuring mining project in Cameroon. The bank is part of a local pool selected to support G-Stone in developing the Grand Zambi iron ore deposit. Its contribution is estimated at CFAF 4.1 billion, again with the support of the BEAC refinancing facility. This operation illustrates the bank’s determination to back sectors with strong potential to drive economic transformation.

Founded in Bafoussam in the late 1990s, CCA Bank has steadily climbed the ranks, evolving from a savings and credit cooperative into a universal bank in 2018. Now firmly established in Cameroon’s financial landscape, it is posting steadily improving indicators: a balance sheet total exceeding CFAF 837 billion at end-2024, rising profitability, and significant market shares in both lending and deposits. These strengths confirm its ambition to become a benchmark banking player in the sub-region.

Tressy Chouente