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Cobac meeting with EMFs: a refresher session for microfinance managers

18/09/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Cobac's annual meeting with microfinance institutions (EMF) was held on September 15, 2025 in Douala. On the occasion, sector managers were treated to a presentation session at level as crucial as necessary.

Arial; mso-fareast-language:en"> The session held during the meeting between Cobac and the EMF aims to clarify the “spirit and the letter” of Internal Control Regulation of 2017, the implementation of which is still struggling to be completely effective. According to David Kengne, CEO of Microfinance Academy, a technical assistant structure for more than 200 EMFs in Africa, “the Cobac realized that there were a certain number of dysfunctions that impact the solidity of microfinance institutions. She thought that these malfunctions may be due either to the misinterpretation of the regulation, or its poor implementation”.

In a fragile economic environment, where savers are increasingly vigilant, Cobac launched a message. According to the information, EMFs who neglecting this strategic function not only expose themselves to the sanction of regulator, but especially to the distrust of their customers, a much more important element fatal to their survival.

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