
Burkina Faso's Ministry of Economy and Finance released an official list on April 13, 2026, of 120 institutions authorized to conduct microfinance activities across the country. This action follows the implementation of Law n°001-2025/ALT of February 13, 2025, which strengthens the regulatory framework for the sector. The Ministry clarified that only these 120 institutions are legally permitted to collect public savings, grant loans to individuals and businesses, and engage in signature commitments. This measure aims to protect citizens' savings and sanitize the financial sector by eliminating illegal or unrecognized entities. The government urges the public to exercise extreme caution and only conduct transactions with institutions on this official list to ensure the security of their financial dealings.
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This summary was AI-generated from a story originally published by Lefaso.net.