Rwanda’s Minister of Finance and Economic Planning, Yusuf Murangwa, on Monday said the accounting profession is essential to Africa’s pursuit of sustainable development, calling for integrity, accuracy, and analytical depth in financial practices across the continent.
Murangwa made the remarks while officially opening the African Congress of Accountants (ACOA) in Kigali, a continental gathering of more than 2,000 accounting professionals from across Africa and beyond. The event, held under the theme “Creating Value for Africa,” aligns with the African Union’s Agenda 2063 and Rwanda’s Vision 2050.
“Africa needs experienced professionals capable of leading transformation, safeguarding public interest, and offering sound advice that results in tangible financial value and long-term impact,” Murangwa said.
He noted that Africa is navigating a complex environment marked by economic pressures and climate change, but also holds significant promise—including a growing youth population and deepening continental cooperation.
Murangwa emphasized the need for transparency and sustainable practices across both public institutions and the private sector, adding that professional accountants are central to building resilient economies.
He also praised the Institute of Certified Public Accountants of Rwanda (ICPAR) and other partners for organizing the congress, describing it as a vital platform for collaboration and enhancing the visibility of the profession.
Keto N. Kayemba, president of the Pan African Federation of Accountants (PAFA), urged African accountants to embrace technology, uphold ethical standards, and take the lead in solving challenges facing the continent.
“Together, we can build the Africa we want,” Kayemba said. “Our profession must not merely endure change—it must lead it. We have the talent, determination, energy and partnerships to succeed.”
The ACOA summit runs through the week, bringing together policymakers, business leaders, and financial experts to chart the future of professional accountancy in Africa.
