The International Federation of Accountants (IFAC) has launched IFAC Connect Africa 2025 in Nairobi, Kenya to improve accountancy standards in the continent.
The IFAC is co-hosting the event with the Pan African Federation of Accountants (PAFA) and the Institute of Certified Public Accountants of Kenya (ICPAK).
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The initiative is the second in the IFAC Connect series, which is aimed at integrating international standards with local practices across the African continent.
IFAC Connect Africa 2025 aims to serve as a forum for regional and international leaders to translate insights into actionable strategies, thereby enhancing institutional trust, according to the IFAC.
IFAC CEO Lee White said: “Regional professional accounting leadership is driving economic growth and resilience.
“With our valued members and partners in Africa, we are all striving for common goals of the use of global standards shaped within local and regional conditions in the public interest.
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By GlobalData“I am privileged to work with many talented colleagues in Africa and we will continue to find opportunities to grow and shape our trusted profession. We are Better Together.”
The role of the accountancy profession is crucial in supporting governance, promoting sustainability, developing talent, facilitating regional integration, and combating financial crime as Africa undergoes transformation, the accounting body said in its press release.
The federation added that its partnership with PAFA is vital to its initiatives in Africa, highlighting a shared goal of enhancing the profession’s ability to serve public interests and foster economic development.
PAFA vice-president Prem Govender said: “Africa’s accountancy profession is stepping forward to shape the continent’s future.
“This collaboration with IFAC and ICPAK reflects our shared vision of a profession that is inclusive, future-focused, and essential to Africa’s sustainable development.”
IFAC Connect Africa 2025 is the first of four IFAC Connect events this year, followed by MENA in Riyadh in October, Global 2025 in Mexico City in November, and ASIAPAC in Jakarta in December.
