Cameroon Installs New Leadership to Shape State-Owned Bank's Future

Two months after acquiring Société Générale Cameroun, the Cameroonian government has completed another step in reshaping the lender by appointing the leadership team of the newly renamed General Bank of Cameroon (GBC). Meeting in Yaoundé on July 15, the bank's board appointed Ezéchiel Passam Mukwade as chairman and named Victor Noumoué chief executive officer. Jean-Michel Ondo and Roland Firmin Same Dikongue were appointed deputy chief executive officers. The appointments follow the completion of the government's acquisition on May 12 of the 58.08% stake previously held by France's Société Générale. Already the owner of a 25.60% stake, the Cameroonian state now…

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