The annual meetings of the AACB were hosted by the Banque des Etats de l’Afrique Centrale (BEAC) from November 23 to 28, 2025, in Yaounde, Cameroon.
The 47th Assembly of Governors of the Association of African Central Banks (AACB) was held in Yaoundé, Cameroon, where the session was chaired by the Bank of Mauritius (BoM) Governor, Dr Priscilla Muthoora Thakoor.
In her concluding remarks, Dr. Priscilla Muthoora Thakoor expressed appreciation for the active participation of all delegates and reaffirmed the collective commitment to deepening monetary cooperation, strengthening financial sector resilience, and accelerating payment systems integration. Governor Muthoora Thakoor stated: “The Bank of Mauritius is privileged to have chaired the AACB during the past year and participated in furthering economic and financial cooperation and integration on the African continent. The Yaoundé meeting underscores the AACB’s pivotal role in shaping a resilient, integrated, and sustainable African financial system.”
The high-level gathering is preceded by a series of technical meetings and the Governors’ Symposium, which helped to enable the central bank Governors, policymakers, and international partners to further advance Africa’s monetary and financial integration agenda.
The African Union Commission, the Pan-African Payment and Settlement System, and the United Nations Women’s Agency also participated in the meeting. The presence of these organisations underscored the AACB’s commitment to broad-based engagement and partnership.
Central to the Agenda was the review by Governors of the progress achieved by member countries on the African Monetary Cooperation Programme (AMCP). The AMCP remains a cornerstone in the continent’s journey towards greater monetary convergence and integration.
Key discussions during the Assembly included the acceleration of the establishment of the African Monetary Institute, endorsing the Community of African Banking Supervisors’ 2026-2028 work programme, and the integration of payment systems across the continent by leveraging national and regional infrastructures.
The African Financial Stability Committee (AFSC) of the AACB, with the Bank of Mauritius as the outgoing Chair, also presented its inaugural African Financial Stability Report. The report, covering 46 countries and representing 90 percent of Africa’s GDP, assesses financial stability frameworks and makes recommendations to improve financial sector resilience across the continent. The BoM has been selected to chair the Macroprudential Policy Development and Implementation Working Group under the aegis of the AFSC.
At the Assembly’s close, the Governors elected the Governor of the Banque des États de l’Afrique Centrale, Yvon Sana Bangui, as AACB Chairperson for the forthcoming year.
