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CEMAC 2024 – 2025 M&A Review and 2026 Outlook: Trends, Timelines, and What the Pipeline Reveals
Merger and acquisition (M&A) activity in the CEMAC region saw a notable acceleration throughout 2024 and 2025. An analysis of publicly available data from the CEMAC Competition Commission (the “Commission”), spanning final decisions in 2024 and the pipeline of notifications filed in 2025, offers a practical view of where investment is flowing and how the […]
Cameroon enters the era of zero-tolerance for e-Procurement enforcement
Circular No. 000002 of 19 February 2026 Imposes Full Dematerialisation and Financial Gatekeeping for e-Procurement In a decisive regulatory shift, the Minister Delegate at the Presidency in charge of Public Contracts has issued Circular No. 000002 of 19 February 2026 (the Circular), marking the formal transition from facilitative implementation to strict enforcement of Cameroon’s electronic […]
COSUMAF Tightens Governance Standards: Mandatory Prior Approval for Directors of Digital Asset Service Providers and Regulated Entities
In a decisive regulatory development for the Central African capital markets landscape, the Financial Market Supervisory Commission of Central Africa (COSUMAF) has adopted Instruction COSUMAF No. 46-25 of 15 December 2025, transmitted through Circular Letter No. 001-2026 of 19 February 2026 (together, the Instruction). The Instruction introduces a mandatory prior regulatory approval regime for directors […]
Epanty Mbanda Recognised by Leaders in Law
We are pleased to share that Epanty Mbanda has been selected and featured on Leaders in Law, an international platform dedicated to profiling individual legal professionals across a broad range of jurisdictions and practice areas. Leaders in Law focuses on recognising lawyers based on an independent review of publicly available professional information, areas of expertise, […]
Commodity Price Dynamics in CEMAC: The Structural Impact of a Prolonged Downturn on Economies and Key Sectors
The report of the fourth quarter of 2025 on the global prices of the main commodities exported by CEMAC countries confirmed a reality that CEMAC economies can no longer interpret as a temporary correction: the sustained decline in global commodity prices has become a structural feature of the economic landscape. Affecting both energy and non-energy […]
Cameroon’s Mandatory Digital Penalty Waiver System: Phased Rollout Requires Immediate Action by In-Country Teams
Cameroon’s move to a mandatory, exclusively digital penalty waiver system eliminates administrative discretion but introduces new operational and technical compliance risks. Corporate entities (including Multinationals) operating in Cameroon must prepare their local finance teams for the phased regional rollout, beginning 1 February 2026, to avoid compliance gaps and potential disputes arising from an automated decision-making […]
CEMAC Enacts Sweeping New “Blacklisting” Regulation for Credit Defaulters: Key Implications for Financial Institutions and Corporations
Regulation No./25/CEMAC/UMAC/CM/COBAC of December 19, 2025, introduces a rigorous centralized mechanism for debtor discipline, fundamentally altering the recovery landscape and client risk management within the CEMAC zone amid rising NPLs. Practice Areas: Banking & Finance, Corporate Compliance, and Dispute Resolution On 19 December 2025, the Ministerial Committee of the Economic and Monetary Community of Central […]
Strengthening Digital Trust in CEMAC — Cameroon’s TRB Moves to Upgrade Telecom Supervision & Mobile Money Security
In November 2025, Cameroon’s Telecommunications Regulatory Board (TRB) awarded a 2.99 billion F.CFA contract to Radiocom S.A. for the deployment of plugin modules designed to supervise domestic and international telecom traffic, Mobile Money operations, and digital communications routing. At first glance, this may seem like a routine procurement notice. In reality, it represents one of […]
CEMAC’s Virtual Card Revolution: How Payment Institutions Engineered Regulatory Workarounds for Global Commerce
The Strategic Play A significant shift is underway within the financial technology landscape in the Central African Economic and Monetary Community (CEMAC). Two telecom-powered giants—MTN’s Mobile Money Corporation (MoMo) and Orange Cameroon’s Orange Money (OM), both licensed Payment Service Providers (PSPs)—have announced the imminent launch of virtual prepaid cards enabled by global payment leaders Mastercard and Visa, respectively. […]
CEMAC Extractive Sector: Evolving Obligations on Forex Repatriation & Site Restoration Funds
Executive Summary Since 2018, the Bank of Central African States (BEAC) and CEMAC authorities have implemented a stringent and rapidly evolving regulatory framework governing foreign exchange and site restoration funds for the extractive sector. Initial broad repatriation and domiciliation rules have crystallized into high-stakes obligations—most notably a mandatory 35% repatriation rate on export proceeds and […]
