CEMAC Financial Regulator Cancels Axiome Capital’s License After Three Years of Inactivity

The Central African financial market regulator has withdrawn Axiome Capital’s license and begun liquidation proceedings after the Congolese investment advisory firm remained inactive for three years following its authorization.

The Central African Financial Market Supervisory Commission (COSUMAF) disclosed the action in a disciplinary ruling dated August 3, 2026.

COSUMAF’s board empowered its president to name a liquidator to carry out the necessary steps, and it also withdrew the individual licence held by Axiome Capital’s manager, Attendu Bogalys Mboussa Galibayi.

Founded in Brazzaville in January 2020 with a CFA 1 million capital base, Axiome Capital obtained authorization on 31 March 2023 to act as a financial investment adviser across the CEMAC zone. Despite this, the firm never engaged in any market activity after securing the licence.

No Authorized Manager Since 2025

Axiome Capital’s regulatory situation worsened on 30 April 2025, when Mboussa Galibayi notified COSUMAF that his new appointment to the Republic of Congo’s presidency hydrocarbons unit prevented him from continuing to manage the firm.

On 11 June 2025, COSUMAF advised him that his departure would result in the loss of his managerial authorization and urged Axiome Capital to promptly submit a replacement candidate for approval. The firm failed to reply, even after multiple reminders sent between July and October 2025.

Axiome Capital also neglected to pay its yearly regulatory fees for 2025 and 2026. Since financial investment advisers are required to contribute CFA 1 million each year, the outstanding amount for the two‑year period totals approximately CFA 2 million. The regulator’s ruling does not, however, state the precise arrears figure.

Missing Financial and Compliance Documentation

For the years 2024 and 2025, Axiome Capital did not file its risk‑mapping documents, internal‑control reports, anti‑money‑laundering and counter‑terrorism‑financing statements, summary financial statements, or auditors’ reports.

Neither the firm nor its manager offered any comments in reply to the allegations, and Axiome Capital did not attend the August 3 disciplinary hearing despite having been duly summoned.

The ruling is subject to appeal. COSUMAF has not yet named a liquidator or disclosed the value of the assets and liabilities involved in the liquidation. Moreover, the decision does not indicate whether Axiome Capital maintains client accounts or has any pending obligations to investors.

Baudouin Enama

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