We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Tuesday, August 5, 2025
Africanian
No Result
View All Result
  • Home
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
Africanian
  • Home
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

African Development Bank to launch public financial management academy to build capacity in African countries

The Bank will establish a Policy Laboratory Unit comprised of certified global experts on public financial management who will be the faculty members to deliver the courses.

African Development Bank to launch public financial management academy to build capacity in African countries
Share on FacebookShare on TwitterShare via Whatsapp

The Board of Directors of the African Development Bank on Wednesday approved the creation of a virtual academy to build public financial management capacity in African countries. Countries will receive technical assistance through structured, targeted, dedicated and local training as well as through policy dialogue.

The academy, hosted within the African Development Institute of the African Development Bank Group, will deepen partnership with the International Monetary Fund, the World Bank and African countries to improve public financial management practices in Africa. Other implementing partners include key regional public financial management institutions, regional technical assistance centers, universities, and national public administration training institutes.

READ MORE: Djibouti strategically placed to become global ICT center, says Adesina

The training, technical assistance and policy dialogue delivered by the academy will cover upstream and downstream issues in the public financial management cycle, tailored to the specific needs of African countries.

The training modules will cover, among others: macroeconomics and planning, fiscal policy forecasting and modelling; prudential budgeting and expenditure management; domestic and external revenue mobilization; debt management and transparency; public-private partnerships in public finance management; strengthening supreme audit and accountability systems; and curbing corruption and illicit financial flows. In addition, cross-cutting issues will also be taken into account, including institutional, legal, and regulatory processes and human capacity governance.

READ MORE: African Development Bank Group president calls for more partnerships to build Africa’s social infrastructure

The beneficiaries of the trainings cover the entire African civil service, including technical and political leaders who have the power to influence and change the public financial management systems of African countries. Thus, the academy will welcome technical public finance managers and senior officials from the ministries of finance, national planning, budget directorates, debt management directorates, and revenue-generating agencies, including tax and customs administrations.

In addition, the academy will target all officials involved in the expenditure chain (officials from national treasuries, administrative and financial directorates of ministries responsible for expenditure and financial control), officials from central banks and sectoral ministries such as the environment. Also targeted are relevant agencies, parliamentarians, academics, private sector leaders and civil society organizations as well as think tanks.

READ MORE: New report Unpacks Principles for Gig Work Readiness in South Africa

The academy will also provide the necessary technical assistance to relevant institutions responsible for public finance management. It will seek out and establish partnerships with national public administration training institutes, to effectively deliver tailor-made capacity building programs for civil servants.

Prof. Kevin Chika Urama, Acting Chief Economist and Vice President for Economic Governance and Knowledge Management of the African Development Bank, said: “The establishment of the Public Finance Management Academy will go a long way in addressing the long-standing capacity gaps in public financial management practices across African countries. It will enable the Bank to leverage resources (skills, competencies, and finance) from sister multilateral development banks, international and African public financial management institutions to provide cutting-edge training, technical assistance and policy advice, embedded in the local realities of African countries. I am very grateful to all partners who worked with us to design this transformative academy for Africa.”

The policy dialogue component of the program will engage high-level decision makers and policy makers responsible for designing and promoting the expected change in African public financial management systems.

READ MORE: Spain: Young Leaders to Gather in Madrid for upcoming Business Leadership Forum

The technical assistance component will target relevant public institutions or their units, civil society organizations, and think tanks, involved in public financial management activities in Africa, including the media.

When fully operational, the academy’s courses will be offered to interested parties as certified post-graduate programs at preferential rates.

The Bank will establish a Policy Laboratory Unit comprised of certified global experts on public financial management who will be the faculty members to deliver the courses. The members of the Policy Laboratory Unit, who will be retained on a needs basis, will be enlisted from the Bank Group, multilateral institutions, bilateral and regional institutions, African universities and think tanks, and individual experts on key subjects of interest.

Each institutional member of the academy will provide specialized interventions according to its mandate and comparative advantage.

Source: AfDB

RelatedPosts

Eritrea transforms rural landscape with community dams and water resilience

Eritrea transforms rural landscape with community dams and water resilience

August 5, 2025
Africa honours its leadership for peace

Africa honours its leadership for peace

August 1, 2025
Nigeria launches Oyo Agro-Industrial Hub to drive inclusive rural development in Africa

Nigeria launches Oyo Agro-Industrial Hub to drive inclusive rural development in Africa

July 31, 2025
Tunisia’s energy transformation: How natural gas is powering industry and cleaner living

Tunisia’s energy transformation: How natural gas is powering industry and cleaner living

July 30, 2025
Lifelong Learning in Africa: The Silent Revolution Shaping the Continent's Future

Lifelong Learning in Africa: The Silent Revolution Shaping the Continent’s Future

July 30, 2025
Humanity Has Exceeded Earth's 2025 Resource Budget: What It Means for Africa and the Planet

Humanity Has Exceeded Earth’s 2025 Resource Budget: What It Means for Africa and the Planet

July 25, 2025
Liberia launches youth bank that will create 120,000 jobs and fund 30,000 businesses.

Liberia launches youth bank that will create 120,000 jobs and fund 30,000 businesses.

July 25, 2025
Angola: Clementina Artur will no longer walk to the river every morning with an empty container

Angola: Clementina Artur will no longer walk to the river every morning with an empty container

July 24, 2025
The Invention of Time: How Humanity Created the Clock That Rules the World

The Invention of Time: How Humanity Created the Clock That Rules the World

July 24, 2025
Africanian News Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future.

If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to: info@africanian.com

News Categories

  • America (39)
  • Asia (129)
  • Business (1,184)
  • Culture (184)
  • Destinations (52)
  • Entertainment (53)
  • Environment (5)
  • Europe (153)
  • Food and Drink (14)
  • Guides & Tips (20)
  • Health (621)
  • Hotels (4)
  • Meetings (25)
  • News (2,568)
  • Opinion Piece (11)
  • Politics (463)
  • Russia (73)
  • Science (63)
  • Sports (308)
  • Style (4)
  • Tech (317)
  • Trailers (2)
  • Travel (148)
  • US (107)
  • World (426)

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com.

You can also subscribe to our mailing list to receive the latest updates from Africanian News.

Newsletter

© 2025 Africanian News.

ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
en English

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2025 Africanian News.