This situation limits their ability to mobile essential funds to finance the regional economy, as highlighted by experts during a seminar held in Douala on September 26,2024, organised  by Kori Management Asset .                                                                  The Central African Stock exchange reports that around Cfa 14000 trillion in dormant capital are available,yet remain fully untapped.Experts argue that if properly directed into the market, these funds would have stimulated and accelerated sub-regional growth though a ripple effect . According to Microfinance institutions , several reasons justify their reluctance to go public .These include lack of information , complexity of the process and stringent compliance requirements . Additionally,the cost of listening is often prohibitively expensive ,requiring significant resources to cover fees for intermediaries and service providers such as marketing agencies , accountants and financial advisors.The 2023 report from the Bank of Central African States indicates significant progress in the microfinance sector in the Cemac sub-region.The financial statement of the 450 active microfinance institutions showed a 23.4% increase reaching cfa 1755,6 trillion in 2022.Client deposits and credit to the economy also experienced significant growth.However despite this progress ,challenges persist, particularly in terms of governance and organizational upgrading. Going public necessitates significant structural and organizational overhaul, including the establishment of robust internal control systems and the appointment of seasoned management teams with strong professional backgrounds . To overcome these hurdles, microfinance actors advocate for a 5-year tax amnesty, enabling a phased alignment with bourse regulation .This transitional period would allow them to leverage mutual funds , aggregating small investors savings, promoting financial inclusion and channeling critical resources. According to the Confederation of Central African Accounting and Financial Consulting Firms (cosumaf), the total assets managed by asset management companies in the Cemac zone increased from Cfa 370 trillion in December 2022 to cfa 635 trillion in December 2023 , reflecting the sector's dynamism in the Cemac sub-region.                                                                    

Christelle Koambi