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CEMAC zone: COSUMAF issues new authorizations for market intermediaries

22/06/2021
Categories: Index/Markets

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According to the Central African Financial Market Surveillance Commission (COSUMAF), the arrival of new intermediaries should boost the market. The regulator has decided to issue licenses to seven new market intermediaries whose activities cover all the countries of the Economic and Monetary Community of Central Africa (CEMAC).

COSUMAF reviewed market developments during the first six months of the year and decided to issue licenses to seven new market intermediaries. This is the company Horus Investment Capital SA approved as a brokerage firm; David Clay Azambou Dongmo, Patrick Fomethe Momo, Issongo La-Ngatsesse Kiba and Sondia Gwet wife Nkembe, all four approved as Financial Investment Advisors; the company Okalla Ahanda & Associés as Statutory Auditors with an issuing entity making public calls for savings and the company LCB BANK as Custodian of an approved collective investment scheme. The COSUMAF Board also welcomed the public offering operations for the sale of shares of the public bank of Equatorial Guinea BANGE Bank to the investment community, as well as the employee shareholding operation " TOTAL 2021”.

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