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CEMAC zone: New rules for microcredits [Business Africa]

CEMAC zone: New rules for microcredits [Business Africa]

Business Africa

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