Africa Bright Securities: Cosumaf Approval Sought for Capital Increase

Africa Bright Securities (ABS) plans to establish a permanent presence in Gabon while raising its capital, a two-part expansion that could extend the Douala-based brokerage beyond its home market. The company’s governing bodies approved both plans on May 17, 2026, according to a legal notice reviewed by Business in Cameroon. The capital increase remains subject to prior authorization from the Central African Financial Market Supervisory Commission (Cosumaf). The notice does not disclose the planned amount, the subscribers or the future ownership structure. ABS currently has share capital of CFA750 million, a figure also reported in its institutional publications. The same decisions authorize the opening of a branch in Gabon and place it under the leadership of ABS CEO Yves Martial Ntchoumou. The legal notice provides no opening date. A branch would give ABS a permanent presence in a market where it already operates from Douala. In 2022, the brokerage served as arranger and lead manager for a CFA5 billion capital increase by Société commerciale gabonaise de réassurance (SCG-Ré), a transaction approved by Cosumaf in October of that year. In the regulator’s latest published lists, ABS remains registered ...