Yaoundé, Cameroon – On July 15, U.S. Ambassador to Cameroon, Christopher J. Lamora, joined various officials and leaders in marking the launch of Azamra’s operations in Cameroon. The event highlighted the growing commercial partnership between the United States and Cameroon. A similar event was held in Douala on July 17, led by Deputy Chief of Mission John G. Robinson.
Azamra, a digital challenger bank based in New York, aims to enhance financial inclusion across Central Africa through digital solutions. Its expansion into Cameroon follows its acquisition of Les Mutuelles Camerounaises d’Épargne et de Crédit (MUCADEC).
“Today, we celebrate the story of Azamra — a U.S.-based financial technology company that is bringing bold innovation to the heart of Central Africa,” stated Ambassador Lamora.
With regulatory approval from COBAC, Azamra is licensed to operate in six Central African countries including Cameroon.
Azamra’s entry aims to provide modern banking tools for underserved economic segments like MSMEs and youth using alternative data models and AI for credit assessments.
“This is not just about providing services,” noted Ambassador Lamora. “It is about building a new financial identity for the underserved.”
Azamra offers services such as savings, loans, treasury management, and POS systems tailored for local needs through digital platforms and community engagement.
Ambassador Lamora stressed that Azamra's investment aligns with broader U.S. government initiatives like Digital Transformation with Africa (DTA).
“The United States believes in Africa’s potential — and we are backing that belief with action,” he remarked.