Kenya’s mounting debt, currently standing at about Sh12.5 trillion, poses a serious threat to the country’s development programmes.
Kiharu MP Ndindi Nyoro has urged professional accountants to take a lead in safeguarding the economy through prudent financial management and anti-graft measures.
In response, more than 1,000 members of the Association of Chartered Certified Accountants (ACCA) from across Africa will converge in Mombasa for the fifth Africa Members Convention (AMC) 2025.
The three-day event, themed ‘Leading an Evolved Profession for a Changed World’, will discuss emerging technologies, including artificial intelligence, ethics, governance, public sector productivity and sustainable development.
Founded in 1904 and headquartered in London, ACCA has 257,900 members in 180 countries.
The biennial AMC provides a platform for accountants to exchange strategies for promoting transparency, tackling corruption and driving Africa’s Agenda 2063, which seeks inclusive growth and sustainable development across the continent.
Speakers highlighted the transformative role of accountants in mitigating Kenya’s debt burden without causing undue stress on citizens, improving public sector efficiency through data analytics and AI, and ensuring ethical financial practices. ACCA Africa Director Jamil Ampomah emphasised that accountants are crucial in promoting sustainability, social value, and innovative financial solutions for the continent.
The Ethics and Anti-Corruption Commission chairman Bishop David Oginde said accountants are pivotal in fighting corruption, noting that all past corruption cases involved accountants, highlighting their potential to be the nation’s anti-graft shield.
by BRIAN OTIENO
