Côte d’Ivoire committee adopts bank bill covering FinTech and e-money

Côte d’Ivoire’s National Assembly Economic and Financial Affairs Committee (CAEF) unanimously adopted a bill on 4 November 2026 to modernise banking regulation across the West African Monetary Union (UMOA), the Finance Ministry said. Finance Minister Adama Coulibaly presented the text, which would revise the country’s 2007 banking law. It contains 258 articles across 12 titles.

The official announcement describes the measure as a bill to revise the 2007 banking law and expand its scope to areas including FinTech and electronic money.

Scope of the proposed reform

The Ministry said the bill responds to changes in the regional banking environment, new technologies, financial inclusion and the financing of economic activity. It would expressly bring Islamic finance, financial technology companies and electronic-money operations within the law’s scope. The Ministry said electronic-money operations are not covered by the current text.

The text also aims to improve protection for depositors and users of financial services, while strengthening the supervisory and resolution powers of the UMOA Banking Commission.

Committee adoption is the current stage

The bill was one of two measures examined by the CAEF on 4 November. The second, a separate one-article bill, concerns the fourth phase of tariff dismantling under Côte d’Ivoire’s interim economic partnership agreement with the European Union.

The banking bill was adopted unanimously by the committee’s members. It would revise the 2007 banking law and include Islamic finance, FinTech and electronic-money operations within its scope, while strengthening the stated powers of the UMOA Banking Commission.