The Central African Banking Commission (COBAC) has revoked the operating licence of Financial Development Tchad (FINADEV Tchad S.A.), a microfinance institution in Chad’s capital, N’Djamena, triggering its official liquidation.
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In an official statement dated February 5, 2026, the COBAC imposed this disciplinary measure, stripping FINADEV Tchad S.A. of its second-category microfinance licence. The decision took effect immediately upon notification, marking the beginning of the liquidation process for the institution.
The liquidation procedure has been assigned a maximum duration of one year, with the possibility of extension if required.
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