COBAC: CDEC challenges draft regulation classifying consignments as banking operations

Author: Investir au CamerounPublished on: June 18, 2026Country: Cameroon

Business & Economy

COBAC: CDEC challenges draft regulation classifying consignments as banking operations

The Cameroon Deposits and Consignments Fund (CDEC) boycotted consultations by the Central African Banking Commission (COBAC) on two draft regulations. In a letter dated June 15, 2026, CEO Richard Evina Obam challenges the classification of consignments, regulated deposits, and unclaimed assets as banking operations. CDEC defends the public, non-banking nature of these activities.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Inaugural Dar es Salaam–Kindu flight brings hope for opening up Maniema

Business & EconomyDemocratic Republic of the Congo

radiookapi.net•40m ago

Inaugural Dar es Salaam–Kindu flight brings hope for opening up Maniema

On Wednesday, June 17, 2026, the inaugural flight of MASCO Airline from Dar es Salaam (Tanzania) to Kindu via Kisangani landed in the capital of Maniema, marking a significant step in opening up this isolated province. A Boeing 737-200 carried various goods, bringing relief to economic operators and the population. The Federation of Congolese Enterprises (FEC) welcomed the initiative, hoping the air bridge will open up the province by air. Vice-Governor of Maniema, Corneille Katisamba, expressed delight at this opening, which offers new commercial opportunities.

Gachagua Warns DCP MPs, Allies Against Supporting Finance Bill 2026

PoliticsBusiness & EconomyKenya

kenyans.co.ke•1h ago

Gachagua Warns DCP MPs, Allies Against Supporting Finance Bill 2026

Rigathi Gachagua, leader of the Democracy for Citizens Party (DCP), has directed all affiliated MPs to vote against the Finance Bill 2026 during its third reading. He urged them to remain in the House to force a division, making each legislator's vote public. Gachagua criticized the proposed taxes on digital transactions, arguing they would hurt small businesses and consumers, and noted that Kenya Revenue Authority collections have fallen 20% short of projections for three years. He also highlighted that health sector receives only 3.5% of the budget, far below the 15% Abuja Declaration target, and proposed cutting government spending by 30% before imposing new taxes.

Number of job vacancies hits five year-low

Business & EconomyUnited Kingdom

Emer Moreau•1h ago

Number of job vacancies hits five year-low

The number of job vacancies in the UK fell to 707,000 in the March to May period, the lowest level since February to April 2021, according to the Office for National Statistics (ONS). ONS director Liz McKeown said the drop suggests firms are becoming more cautious about hiring. The professional services sector saw the largest decline, followed by retail and hospitality. The unemployment rate edged down to 4.9% in the three months to April, while regular pay growth held steady at 3.4% annually.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more