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 (AfDB) today 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 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 UA 4.0 million (approximately USD 5.4 million) grant over three years, the programme aims to expand institutional development, improve public sector professionalism, and harmonise standards and practices across Africa. It represents a significant step in consolidating PAFA’s PAO Development Programme and strengthening its continental impact. The overall goal of the project is to enhance professional capacity in public financial management and standardise professional accounting standards, tools, and practices across Africa. The specific objectives are (i) to strengthen institutional, professional, and human capacities of PAOs for better quality financial reports in transition states, and (ii) to professionalise accountants and auditors in the public sector.