PAFA and African Development Bank Launch Major Capacity Building Project to Strengthen Public Financial Management and Professional Accountancy Organisations Across Africa
26 November 2025 – Johannesburg, South Africa
The Pan African Federation of Accountants (PAFA) and the African Development Bank officially launched the Strengthening PAFA and Public Financial Management Resilience in Africa (SPRA) Programme—an ambitious multi-year initiative aimed at enhancing the continent’s public financial management systems and strengthening PAFA and Professional Accountancy Organisations (PAOs) in 23 eligible African countries.
Funded by the African Development Bank Group’s Transition Support Facility (TSF) with a UA 4.0 million (approximately USD 5.4 million) grant over three years, the overall goal of the programme is to enhance professional capacity in public financial management and standardise professional accounting standards, tools, and practices across Africa. The specific objectives of the programme are: (1) to strengthen institutional, professional, and human capacities of PAOs for better quality financial reports in transition states, and (2) to professionalise accountants and auditors in the public sector. This represents a significant step in consolidating PAFA’s PAO Development Programme and strengthening its continental impact.