The Congolese banking landscape is in full swing with the bill proposed by MP Olivier Kasanda to modify the regulation of the financial sector. This initiative raises essential questions about the viability of the banking system and its ability to adapt to the country’s realities.
Indeed, the proposal to reform the current banking law is a strong signal that calls for in-depth reflection on the governance of credit institutions in the Democratic Republic of Congo. Olivier Kasanda proposes a balanced approach, taking into account international best practices, to guarantee the stability and competitiveness of the banking sector.
One of the main criticisms of the current law lies in the requirements relating to the dilution of share capital and the nationality of managers. These constraints, although initially intended to strengthen financial institutions, could have perverse effects by deterring investors and weakening the confidence of financial partners.
The requirement to dilute capital among at least four shareholders, with each shareholder having to hold a significant share, is being singled out as a brake on investment in the Congolese banking sector. In a context already marked by political and economic instability, such a constraint risks compromising the growth of the financial sector and reducing its attractiveness.
Similarly, the issue of the nationality of managers is crucial. Promoting a majority Congolese management within credit institutions is a commendable approach, but it is important to ensure that this transition is done gradually, in order to preserve the governance and performance of the banks.
Ultimately, Olivier Kasanda’s bill opens a necessary debate on the regulation of the Congolese banking sector. It is imperative to find a balance between binding rules and a flexible approach that promotes the stability, attractiveness and development of the financial sector.
By rethinking legislation according to the specificities of the Congolese market and drawing inspiration from international best practices, it is possible to create an environment conducive to the development of financial institutions and the consolidation of the banking sector.