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CEMAC zone: New rules for microcredits [Business Africa]

Business Africa

Microfinance institutions play an important role in banking within CEMAC. However, this burgeoning activity needs to be structured for effective supervision.
To that effect a regulation was put in place, Starting from January 2018, microfinance institutions operating within CEMAC have up to two years to comply with the new regulations governing their activities.
The regulation is more strict in terms of monitoring, management, minimum operating capital as well as the profile of the management team.