Housing Finance in Cameroon

Overview

This profile is also available in French here.

To download a pdf version of the full 2019 Cameroon country profile, click here.

Cameroon is the largest economy in the Central African Economic and Monetary Community (CEMAC), a region experiencing an economic crisis triggered by the steep fall in oil prices. Along with its CEMAC partners, Cameroon has therefore had to put fiscal adjustment measures in place to adjust to the terms of trade shock and restore macro-stability and confidence in the common currency.

Although the country’s financial system is the largest in the CEMAC region, it is still in its infancy. There are 14 commercial banks and 412 licensed microfinance institutions (MFIs), as well as non-banking financial establishments. From July 2019, Douala (the economic capital of Cameroon) now officially hosts the unified standard exchange of CEMAC, combining what was previously two exchanges into one. The banking sector is highly concentrated in the main urban areas and dominated by foreign commercial banks. Banks readily lend to government, multinationals and businesses but neglect retail and small businesses. Some commercial banks provide some housing-related finance in the way of mortgage loans.

Access to housing finance is low. It is available mainly to government employees through the government agency Crédit Foncier du Cameroun. The government continues injecting more funds into Crédit Foncier du Cameroun and has instituted reforms, such as providing financial guarantees and broadening the types of assets that can be used as collateral, to make it easier to access housing finance.

Find out more about information on the housing finance sector of South Africa, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2019 edition, which has up-to-date profiles for 55 African countries.

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