Private Placement: Cosumaf Removes the 20 Billion Cap to Boost Funding Mobilization

Starting November 1, 2026, Cosumaf will allow companies and other issuers to raise private placement funding on the CEMAC financial market without a cap, removing the previous 20 billion FCFA limit. A new restriction also limits each issuer to two private placements within a 24-month period. These changes were adopted on October 7, 2026, by the Ministerial Committee of UMAC in N’Djamena, following a proposal from the Central Africa Financial Market Supervisory Commission.