Afriland First Group, founded by Cameroonian banking entrepreneur Paul Kammogne Fokam, has secured regulatory approval to operate a securities brokerage in Togo, marking a further expansion of its financial services across West Africa. Its Lomé-based subsidiary, Africa Diamond Invest, received authorisation from the West African Monetary Union’s Financial Markets Authority, AMF-UMOA, to operate as a Société de Gestion et d’Intermédiation, or SGI, according to Billionaire Africa. The approval makes the company the second licensed brokerage firm established in Togo and the 38th across the eight-country regional financial market. The regulator’s executive committee approved the application at its 101st meeting on October 6, with the decision subsequently communicated to the company.
Established in 2025 with share capital of CFA1 billion, approximately $1.7 million, Africa Diamond Invest is backed by Afriland First Holding, the group’s regional investment arm. Its licence allows it to provide securities intermediation services on the Bourse Régionale des Valeurs Mobilières, the Abidjan-based regional exchange serving Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. Its planned services include executing share and bond transactions for clients, managing investment portfolios and facilitating securities placements. The company is led by Victorin Dagba, a former legal and debt recovery executive at Afriland First Bank Guinea. The approval is subject to regulatory conditions that the firm must satisfy.
The development forms part of Afriland’s broader strategy to expand beyond traditional banking into capital markets, investment advisory and asset management. By establishing its brokerage in Lomé, the group gains a platform from which to serve investors and businesses across the West African Monetary Union, where the regional exchange provides access to a shared market of eight economies. For Togo, the arrival of another licensed intermediary adds to its ambition to strengthen Lomé’s position as a regional financial centre. For Afriland, the move creates an additional channel to connect businesses seeking capital with investors looking for opportunities across the region, while broadening the range of financial services available to its growing West African network.
