Paul Fokam Kammogne built a $690 million banking empire to prove Africa could finance itself
Billionaires Africa | 29.06.2026 20:59
There is a sentence in Paul Fokam Kammogne's doctoral thesis, submitted to the University of Bordeaux in 1989 and titled on the economics of the informal sector in Cameroon, that has governed his commercial life more completely than any business plan. He argued that the informal economy is not a failure of African capitalism but its incubation stage, that the street traders and market women and rural savings cooperatives that French colonial banking had dismissed as outside the financial system were in fact the human capital of a financial revolution that had not yet found its institution.
