The Approvals Committee of the Central Bank of the Republic of Guinea (BCRG) decided to withdraw the approvals of MUTRAGUI and SONAG in Guinea with immediate effect;

The decision of the BCRG Approvals Committee was taken on Tuesday, April 30. According to the decision, “this measure implies the automatic cessation of the activities of these companies as well as their removal from the list of insurance companies authorized to operate in the Republic of Guinea”. With regard to the commitments of these insurance companies, the decision states that a Liquidator will be appointed to Brokers and Brokerage Companies in order, on the one hand, to evaluate the assets, and on the other hand, to settle the