Central Africa gets unified regional financial market

By NOELA EBOB BISONG The regional regulator, CONSUMAF (Financial Market Supervisory Commission of Central Africa) based in Libreville, Gabon, is now the sole regulator of the unified financial market of CEMAC. This follows the recent end of operations by the Financial Markets Commission (CMF) of Cameroon, a public and independent regulator of the national financial market established by law n° 99/015 of 22 December 1999. Its operations are said to have officially ended on July 31, 2019, when it closed the doors of its headquarters in Douala, pending its final dissolution by legislative act. The cessation of all the activities…