A US fintech delegation, led by the US Ambassador, discussed with the Minister of Economy the expansion of financial inclusion through artificial intelligence and the digitalization of financial services.
The executives of the American fintech Azamra, accompanied by the United States Ambassador to Cameroon, HE Christopher John Lamora, were received in audience on Wednesday, March 12, 2025, by the Minister of Economy, Planning and Regional Development (MINEPAT), Alamine OUSMANE MEY. This meeting is part of an economic prospecting mission led by the company on Cameroonian soil, aimed at exploring investment opportunities in the financial sector.
The stated objective is clear: to identify areas of cooperation with public authorities and stakeholders in the local financial system in order to accelerate financial inclusion, particularly for workers in the informal sector. These efforts are part of the vision to modernize Cameroon’s financial system, in line with the guidelines of the National Development Strategy 2020-2030 (NDS30).
During the discussions, Azamra presented the technological solutions it intends to deploy in Cameroon to modernize access to financial services. The company is leveraging artificial intelligence and secure digital platforms to facilitate access to credit, expand the domestic investor base, and better capture financial transfers from the diaspora.
Furthermore, one of the major focuses of this project is the use of these technologies to improve adherence to Treasury Bills and bonds issued by the State, thus contributing to the financing of national investment projects.
Minister Alamine OUSMANE MEY welcomed Azamra’s initiative and expressed the government’s commitment to supporting this dynamic, which contributes to the country’s structural transformation. “This initiative will help adapt our financial system to technological developments and fully exploit the opportunities offered by artificial intelligence,” he emphasized.
Present in Cameroon since 2021, Azamra strengthened its local presence by acquiring Mutuelles Camerounaises d’Épargne et du Crédit (MUCADEC), a microfinance institution. This acquisition gave rise to Azamra Financial Technologies PLC, an entity now dedicated to financial innovation and the digitalization of banking services in the country.
With this new prospecting mission and the interest of the Cameroonian authorities, Azamra aims to play a key role in the evolution of the national financial landscape. It remains to be seen how these discussions will lead to concrete actions in the coming months.
