Central bank bans ASDIS micro-finance activities
The Central Bank of Sao Tome and Principe has ordered ASDIS – Cooperativa de Crédito to cease all micro-finance operations.
The Central Bank of Sao Tome and Principe has announced that ASDIS – Cooperativa de Crédito is not authorized to conduct micro-finance activities in the country. The bank issued a statement on April 11, 2026, informing the public and economic agents of the decision.
According to the Central Bank's statement, ASDIS – Cooperativa de Crédito, located at Edifício HB, Travessa do Pelourinho, lacks the necessary authorization to operate. The law requires prior approval from the Central Bank for any entity engaging in micro-finance.
To protect citizens, the Central Bank urges the public to avoid contractual relationships or new micro-finance operations with ASDIS. It recommends verifying an entity's authorization status before engaging financial services.
Why it mattersCitizens and economic agents in Sao Tome and Principe are directly affected as they are warned against conducting financial operations with an unauthorized micro-finance entity.