The Caisse générale d'épargne du Congo (CADECO) officially resumed its activities on September 21, 2026, in Walikale, a town in the North Kivu province of the Democratic Republic of Congo. The institution had been closed for several months due to insecurity, which had affected the functioning of economic and administrative activities in the territory. The reopening ceremony was attended by local authorities, CADECO officials, and several clients.
The resumption of CADECO's operations has been welcomed by the local population and economic operators, who hope to have access to financial services again. The closure of the agency had complicated access to certain banking and financial services, causing difficulties for traders, entrepreneurs, and other users. The reopening is expected to facilitate daily operations and provide a safe and reliable place for people to save and conduct financial transactions.
The CADECO institution is seen as an important intermediary for savings, withdrawals, and other services offered to its clients. According to a client present at the ceremony, CADECO facilitated entrepreneurs in conducting their activities. The reopening is also expected to contribute to strengthening trust in formal financial services, which had been affected by security disturbances in the territory.
During the ceremony, the administrator of the Walikale territory, Commissioner Ado Laurent Kasongo, praised the resumption of CADECO's activities and reaffirmed the territorial administration's commitment to supporting the financial institution. The provincial director of CADECO called on the population of Walikale to trust the institution and assured clients that services would be provided in an computerized and secure manner.
The CADECO agency had been closed since April 2026, following the occupation of Walikale center by AFC/M23 troops. The reopening marks a significant step towards restoring economic and financial stability in the region. Local authorities and clients have expressed their hope that the institution will continue to provide reliable and efficient services to the population.
The resumption of CADECO's operations in Walikale is also seen as a positive development for the local economy, which relies heavily on trade and commerce. The institution's services are expected to support economic growth and provide opportunities for local businesses and individuals to access financial services.
The reopening of CADECO's Walikale branch is a significant milestone for the institution and the local community. It demonstrates the commitment of CADECO to providing financial services to the population, despite the challenges posed by insecurity in the region. The institution's efforts to restore trust and provide reliable services will be crucial in supporting economic growth and stability in the region.
Key points
- CADECO resumes operations in Walikale after months of closure due to insecurity.
