Cameroonian billionaire Paul Fokam has launched Africa Diamond Invest, a securities firm in Togo, to tap West Africa's capital markets from Lomé.
TOGO · MARKETS
Key Facts
—The launch: Cameroonian billionaire Paul Fokam has opened Africa Diamond Invest, a securities firm, in Togo.
—The capital: It starts with 1 billion FCFA (about $1.6 million), a sharp step up from the holding company’s original Togo base.
—The licence: It is registered as a Société de Gestion et d’Intermédiation, a licensed broker-dealer in Togo’s market.
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