Louis Paul Motazé

#Cameroon bets on Islamic financing to boost financial inclusion and attract Middle Eastern investors

In Cameroon, only one bank (Afriland First Bank) and three microfinance institutions practice Islamic financing. Yet, the appropriation of this type of financing can considerably contribute to the development of financial inclusion in Cameroon. To raise awareness about the topic, the Ministry of Finance and the UNDP organized a forum on the theme "Islamic financing: contribution to Cameroon's economic growth and to the achievement of sustainable development goals". According to Finance Minister Louis Paul Motazé, Islamic financing promotes financial inclusion and it can also constitute a complementary lever for economic growth by attracting foreign investment from Middle Eastern countries.

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