With an intervention reserve of 345.8 billion FCFA, an investment portfolio of 207 billion FCFA, and financial revenues of 8.38 billion FCFA in the first half of 2026, the Deposit Guarantee Fund in Central Africa (FOGADAC) shows solid fundamentals. Meeting on July 17, 2026, in Brazzaville, its Steering Committee also adopted several reforms aimed at strengthening the institution’s governance.
Read more Foumban: the United Nations welcomes the progress of municipal projects for education
The Deposit Guarantee Fund in Central Africa (FOGADAC) continues to gain momentum. Meeting on July 17, 2026, in Brazzaville, under the chairmanship of the BEAC Governor, Yvon Sana Bangui, the Steering Committee presented a financial report deemed satisfactory while adopting several structuring decisions.
As of June 30, 2026, the Fund’s intervention reserve stands at 345.8 billion FCFA. Its investment portfolio reached 207 billion FCFA and generated 8.38 billion FCFA in revenue during the first half of the year. These performances reinforce FOGADAC’s financial strategy and support its objective of increasing its resources to 1,000 billion FCFA by 2036.
Institutionally, the Committee created an Investment Committee responsible for supporting the definition and monitoring of the Fund’s investment policy. A new signature delegation system was also adopted to strengthen the security of financial operations.
Furthermore, the administrators continued the recruitment of senior executives. After reviewing 206 applications, an ad hoc committee will finalize the selection of future Risk Manager and IT Manager. The firm Homme & Développement was also selected to develop the future staff status.
Finally, Désiré Louzolo Tsoumbou (Gabon) was appointed Permanent Secretary, with Marcel Ombolo Andela (Cameroon) as Deputy Permanent Secretary. These decisions reflect FOGADAC’s commitment to consolidating its role as guarantor of banking stability within CEMAC.
Read more Cameroon: the PR condemns the kidnapping of Georges Gilbert Baongla