Yaoundé - 21 January 2022 -

COBAC: Central African Maurice C. Ouanzin replaces Halilou Yerima Boubakary as secretary general

COBAC: Central African Maurice C. Ouanzin replaces Halilou Yerima Boubakary as secretary general
  • Comments   -   Monday, 20 December 2021 10:40

(Business in Cameroon) - Central African citizen Maurice Christian Ouanzin (photo) will replace Cameroonian Halilou Yerima Boubakary whose mandate as secretary-general of the Central African Banking Commission (COBAC) expired in late 2020. Maurice Christian Ouanzin was appointed by a decision signed on December 18, 2021, by Cameroon’s President Paul Biya, president of the Conference of CEMAC Heads of State.

Up to now, the new secretary-general has been the deputy secretary-general. His mandate will start from the assumption date and end after a 5-year nonrenewable term. His deputy will be Cameroonian Michel Dzombala.

During the mandate he started in 2015, the outgoing secretary-general, who is a former Cameroonian government official, completed or initiated major reforms within the banking commission. An example is an ongoing reform concerning prudential rules applicable to payment institutions that issue electronic money. The rules are being adjusted to address the explosive growth in mobile money use in the CEMAC region. Another reform is the legal framework governing the activities of microfinance institutions. Up to the reform initiated by Halilou Yerima Boubakary, the sector was chaotic as proven by the sheer number of institutions that closed in recent years because of management problems.

The end of Halilou Yerima Boubakary’s mandate as COBAC secretary-general is nevertheless marked by controversial sanctions against Atlantic Bank Cameroon’s executives. 


The government plans to release XAF3.7 billion to help state-owned company Pamol Plantations Plc settle part of the debt it owes employees.  Indeed,...
On January 12, 2022, Compagnie fermière camerounaise (CFC), the new subsidiary inaugurated (on November 5, 2021) by leading brewing group SABC increased...
On January 19, 2022, Inter-progress Foundation, the organizer of the Yaoundé́ International Exhibition for SMEs and Partnership (PROMOTE), signed a...
Société Anonyme des brasseries du Cameroun (SABC), a subsidiary of the French group Castel, inaugurated its new research and development laboratory in...

Mags frontpage

Business in Cameroon n106-107: December 2021-January 2022

Nine projects and innovations that demonstrate Cameroonians’ genius

This is how Gozem plans to revolutionize the transport sector in Cameroon

Investir au Cameroun n116-117: Decembre 2021-Janvier 2022

La preuve par 9 du génie camerounais

Comment Gozem veut révolutionner le transport urbain au Cameroun