Finadev Tchad liquidated by cobac after licence revocation

Listen now1 min

The Central African Banking Commission (COBAC) has revoked the operating licence of Financial Development Tchad (FINADEV Tchad S.A.), a second-tier microfinance institution headquartered in N’Djamena. The decision, issued on February 5, 2026, was formally enforced on May 21.

With immediate effect, FINADEV Tchad S.A. is under liquidation. A temporary administrator has been appointed to oversee the winding-up process, which is initially set for a maximum duration of one year. This period may be extended if circumstances require additional oversight.

Follow updates :
  • Boureima Amadou

    Reporter

    Related Posts

    Benin’s $730 million AIIB pipeline: what it means for households, businesses and the economy

    Benin Benin’s $730 million AIIB pipeline: what it means for households, businesses and the economy A new $730 million indicative financing pipeline from the Asian Infrastructure Investment Bank (AIIB) for…

    What impunity costs Congolese families: the real price of unpunished crimes

    Law and justiceDemocratic Republic of Congo What impunity costs Congolese families: the real price of unpunished crimes In the Democratic Republic of Congo, thousands of victims of successive conflicts are…

    You Missed

    Dakar 2026 youth Olympics: Senegal gears up for opening as final countdown begins

    Dakar 2026 youth Olympics: Senegal gears up for opening as final countdown begins

    Joseph Kabila’s FRN: immediate backlash and cautious optimism in eastern DRC

    Joseph Kabila’s FRN: immediate backlash and cautious optimism in eastern DRC

    Emergency evacuation underway after mid-afternoon fire halts Spain’s Madrid-Barcelona high-speed rail service

    Emergency evacuation underway after mid-afternoon fire halts Spain’s Madrid-Barcelona high-speed rail service

    Rwanda set to host decade-long Formula 1 Grand Prix from early 2030s

    Rwanda set to host decade-long Formula 1 Grand Prix from early 2030s

    Mali allocates 121 million FCFA to migrant reintegration projects amid transparency concerns

    Mali allocates 121 million FCFA to migrant reintegration projects amid transparency concerns

    Benin’s FIC 2026 delivers blueprint for practical urban improvements

    Benin’s FIC 2026 delivers blueprint for practical urban improvements