
ICPAU Updates
February 18, 2025 at 09:06 AM
*Earlier On:*
CPA Keto Kayemba, President of PAFA, delivered a compelling call to action on strengthening public financial management (PFM) across Africa. She emphasized that robust PFM systems are the foundation of economic resilience, good governance, and sustainable development.
CPA Keto recognized the progress made in PFM reforms but urged stakeholders to address persistent challenges and seize emerging opportunities. She outlined PAFA’s strategic priorities in driving reforms, including:
✅ Enhancing Public Sector Accountability – Advocating for the adoption of International Public Sector Accounting Standards (IPSAS) to improve financial transparency and decision-making.
✅ Combating Corruption – Strengthening financial oversight and ethical accounting practices to mitigate economic crimes.
✅ Digital Transformation & Climate Finance – Embracing AI, blockchain, and sustainability reporting to modernize public finance.
✅ Capacity Building for Public Sector Accountants – Equipping professionals with the skills and tools needed to uphold financial integrity.
✅ Leveraging AfCFTA for Economic Growth – Facilitating regional financial integration to support trade and investment flows.
She called upon governments, regulators, legislators, professional accountants, and development partners to collaborate in driving impactful PFM reforms. "Africa’s progress in public finance is a shared responsibility. Together, let us unite, transform, and thrive," she stated.
What role do you think digital transformation and accountability should play in shaping Africa’s PFM landscape?
Let’s discuss this in the comments!
#pfmafricaconf2025
#pafainuganda
