Strengthening the Pan-African Federation of Accountants and Enhancing Public Financial Management Resilience in Africa (AFDB-P-Z1-KF0-085)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • South Africa
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 5, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Pan African Federation of Accountants (PAFA)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 5.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Aug 13, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the proposed operation is an institutional support project to be financed from Transition Support Facility (TSF) Pillar III for an amount of UA4.00million (about USD5.2million). The project responds to a request from PAFA in July 2024 for Bank support to address weaknesses in PFM capacities within the accountancy and auditing professions, which have been identified as key drivers of fragility. Inadequate numbers of public sector professional accountants and the associated general weak institutional capacity of professional accountancy organisations are a widely occurring phenomenon on the continent. This will be addressed by providing contextualised learning and support tools that are relevant to the specific countries supported under this project informed by baseline studies to determine legal requirements, capacity needs and institutional framework to support the professionalisation effort in African countries. The project will have an important effect on the quality of state accounting and treasury management systems in countries facing fragility by implementing technical assistance of subcomponent. It is designed along three mutually reinforcing components, namely: (a) Professional Capacity Development in Public Financial Management (b) Strengthening Institutional Capacity of Professional Accounting Organizations (PAOs) and (c) Project coordination monitoring, and reporting. Increased skills in public accounting auditing will help to build a pool of human capacity to address governance issues and build robust PFM systems.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Transition Support Facility 

Financial Instrument: Fragile State Facility - Pillar 3

Masterloan number: 5900155019332

ADF Cycle: ADF-16

Commitment (UA): 4,000,000


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Name: Bernadette Nakabuye KIZITO

Email: b.kizito@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/ 

How it works

How it works