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Cepi microfinance increases its capital by 2.5 billion FCFA

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(Business in Cameroon) – The microfinance company “Les Caisses d’épargne populaire et d’investissement” (Cepi) published, on December 21, a decision of its board of directors approving the increase of its capital to the tune of 2. 5 billion FCFA.

Thus, we learn, Cepi, a microfinance institution with 2and category, increased its capital from 1.5 billion to 4 billion FCFA, “subject to the authorization of the Central African Banking Commission (COBAC)”. The public limited company explains that this capital increase was possible thanks to the “Cepi 2021” operation. Indeed, over a period of six months, starting on May 1, 2022, microfinance issued 100,000 new shares with a value of 10,000 FCFA each to be subscribed and paid up in cash by the old and new shareholders.

The issue floor was 100,000 and the ceiling at 150,000 FCFA, to be released in cash only. There was talk of increasing the capital from 1.5 billion to 2.5 billion FCFA. But it is clear that the ambition of microfinance has been exceeded since it was able to reach 4 billion FCFA.

According to indiscretions within Cepi, this public limited company would be following in the footsteps of its sister Cameroonian microfinance company La Régionale, which launched its listing on the Central African Stock Exchange in 2021 in order to later become a bank.

HER

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