On Tuesday, February 11, 2025 in Brazzaville, the Minister of Finance, Budget and Public Portfolio, Christian Yoka, met with the board of directors of the Fund Transfer Regulatory Agency (ARTF), led by its Director General, Jean-Claude Basile Bazebi.

Among the topics discussed during these discussions were the progress of the construction work on the ARTF headquarters; the presentation of the law establishing the ARTF and the regulatory environment governing the fund transfer activity, both nationally and internationally; the main missions of this Agency; the scale of manual exchange activities in the informal sector and the need to move to the stage of repression, by applying the sanctions provided for in the provisions of the 2025 Finance Act; the presentation of the Merchants (Mobile money operators) map and the importance of this profession in the national financial inclusion process; the lack of status of the 44,773 CICO Merchants (Cash in/Cash out) of the company Mobile Commerce Congo (MCC), who make electronic transfers (MoMo) for the company MTN-Congo, and that of the 38,766 Merchants for the company Airtel Congo; the difficulty of capturing all electronic transactions throughout the national territory. Hence, the need to operationalize the Fund Transfer Certification Platform, given its importance in fulfilling the original missions of the ARTF. This platform, still in the implementation phase, aims to interconnect all agents exercising the profession of fund transfer.

The missions of the ARTF

The Fund Transfer Regulatory Agency is responsible for guiding and controlling all fund transfer activities, both within and outside the country. In this capacity, it is responsible, in particular, for regulating fund transfer activities; contributing to the development of the balance of payments; monitoring the establishment and liquidation of Foreign Direct Investments (FDI); ensuring the proper functioning of fund transfer companies; examining applications for approval from fund transfer companies; studying and implementing measures to stimulate and better regulate the fund transfer company sector; and contributing to the fight against money laundering and the financing of terrorism.

The Communication Unit of the Ministry of Finance, Budget and Public Portfolio