The Central Bank of Egypt, in cooperation with the Association of African Central Banks, has launched the African Financial Stability Committee’s digital portal, the first continent-wide institutional platform dedicated to financial stability from a macroprudential perspective, strengthening coordination and cooperation among African central banks while supporting the stability of financial systems across Africa.
The platform will serve as a central repository for the committee’s reports, technical papers, studies, and reference materials, including the African Financial Stability Report, the first continent-wide assessment of financial stability prepared by African central banks. It is designed to improve access to the committee’s publications and initiatives for central banks, financial institutions, and other stakeholders, while supporting the exchange of knowledge and best practices on financial stability and macroprudential policy across the continent.
The AACB brings together 40 African nations and works to promote monetary cooperation, financial stability, and policy coordination across its members. The portal will also feature the committee’s member central banks and working groups, including the Macroprudential Policy Development and Implementation Working Group and the African Financial Stability Report Working Group.The AFSC was established in 2024 based on a proposal by CBE Governor Hassan Abdalla to the AACB. Supported by two working groups and a dedicated Secretariat, the Committee held its inaugural meeting in Cairo in December 2024, launching the continental initiative to enhance financial stability, improve risk monitoring and analysis, promote transparency, and support sustainable economic growth.
The portal launch coincides with the publication of the first African Financial Stability Report. The report covers 46 African countries, representing around 90% of the continent’s GDP and 85% of African nations. It found that African banks account for 63% of the continent’s financial system assets, maintain capital adequacy ratios averaging 19.7%, above Basel Committee regulatory requirements, and that banking assets amount to the equivalent of 80 per cent of Africa’s GDP.
For a continent where financial system fragmentation has historically limited coordinated risk monitoring and policy response, the AFSC portal and its accompanying report represent a meaningful step toward the kind of institutional infrastructure that Africa’s financial integration ambitions require.
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