Diaspora: Banks Call for a Unified Hub While CDEC and SIC Develop Separate Products

Cameroonian banks are calling for the creation of a single coordinating body to unify the various financial mechanisms aimed at mobilizing diaspora savings and investments, to prevent overlapping initiatives without a common framework. Meanwhile, CDEC is developing a savings product for the diaspora, and SIC is preparing a 'Diaspora Bond' for real estate projects. These proposals were presented on September 29, 2026, during a meeting in Yaoundé led by the Ministry of External Relations with technical support from the IOM.