BEAC Governor voted Association of African Central Banks chairperson.

Sana Bangui who succeeds Dr Priscilla Muthoora Thakoor, Governor of the Central Bank of Mauritius, will lead AACB for the 2025-26 period.  The Vice Chairperson position is occupied by the Governor of the Central Bank of Kenya. 

Meanwhile, the Governor of the Central Bank of Liberia was voted Chairperson of the West Africa sub region. He is assisted by the Governor of the Central Bank of Sierra Leone. 

The Head of the Tunisian Central Bank is the new chairperson of the North African Sub-region, deputized by his counterpart of Algeria.

The head of the Central Bank of Congo and the governor of the central bank of Sao Tome and Principe were voted chairperson and vice respectively of the Central Africa sub region. 

In East Africa, the presidency and vice went to the governor of the Central Bank of Comoros and Mauritius respectively. In Southern Africa, Mozambique heads the AACB with the support of Botswana as vice. 

Sana Bangui’s priorities…

Speaking to the press Friday November 28, the Governor of BEAC, Sana Bangui said his priority at the helm of AACB will be to work to operationalise the Africa Monetary Institute, AMI. 

He added that work will also advance on the macroeconomic framework in view of creating an African central bank.

Describing the responsibility as “huge” the BEAC Governor also explained that he and the AACB executive will work to strengthen monetary stability, improve payment systems across Africa, boost integration of African economies. 

He also noted that work will continue to ensure central banks of member countries take measures to guarantee stability in the face of climatic shocks.

The outgone chairperson of AACB detailed that, delegates rose from the Yaounde gatherings, agreeing to improve on data availability on climate change and strengthen experience sharing.

Thakoor disclosed that participants called for the putting in place of policies and macroeconomic frameworks that responds to the challenges of the time especially climate change risks.

Other discussions

In a press release that sanctioned the conference, AACB stated that, its members underscored the pressing need for central banks to set up special credit lines, promote green finance, green bonds and work with international institutions.

The African Monetary Cooperation Programme, AMCP, was also reviewed in addition to progress in monetary policy harmonization in the different sub regions, the release indicated. To meet up with the timetable for AMI implementation, delegates urged the African Union Commission to finish work and transmit revised versions of three budget scenarios.

On the work of the Community of African Banking Supervisors, CSBA, AACB noted in its statement that 34 central banks have penned a Multilateral Memorandum of Understanding, MMoU. 

Governors, the note indicated, stressed for the signing of such between East and Central African central banks. The 2026-2028 work plan of CSBA was also adopted, the release specified.

To ease interoperability of central banks the AACB Task Force on integrating payment systems also presented its report to governors. 

The Association explained that it is waiting for the African Development Bank, AfDB, to respond to its funding request. It stressed that in case of delay, other funding partners will be contacted.

It also emerged from the meetings that the African Financial Stability Committee, AFSC, has finished work on its first report covering 90 percent of the continent’s Gross Domestic Product, GDP. The report, officials said, covers 46 countries.

Observation, the AACB, detailed in its press release, was made on its collaboration with the European Central Bank, ECB and the Federal Reserve Bank of New York. The statutes of the Association were also reviewed to improve governance, the note stated. 

This article was first published in The Guardian Post Edition No:3642 of Monday December 01, 2025