This entity, designed to lay the technical and regulatory foundations for the future African Central Bank (ACB), has equipped itself with a first board of directors on the sidelines of the Kenyan sessions.

To steer this transitional structure, the leaders have turned to Yvon Sana Bangui, governor of the Bank of Central African States (BEAC). This appointment crowns a mandate marked by the acceleration of harmonization projects within the ABCA, which he was concluding his presidency for the 2025-2026 period. Under his impetus, the institution has notably recorded significant progress in macroeconomic convergence, with an increased proportion of states meeting the required criteria, while laying out a multi-year roadmap to align regional monetary policies.


The leadership of the ABCA was subsequently handed over to Kamau Thugge, governor of the Central Bank of Kenya, for the 2026-2027 exercise, while the upcoming works of the AMI will be articulated from Abuja, Nigeria.


If this activation of the AMI does not prejudge an immediate launch of the continental currency — a long-term process undertaken under the auspices of the African Union — it is accompanied by a concrete modernization of settlement infrastructures. Taking advantage of this Nairobi gathering, the BEAC and the Central Bank of the Congo have officialized their connection to the Pan-African Payment and Settlement System (PAPSS), broadening further the interoperability of African financial markets and materializing the ambition of sovereignty in cross-border payments.


BCN

Tags: gouvernance yvon sana bangui institut monétaire africain banque centrale africaine beac paiement panafricain papss union africaine harmonisation monétaire nabija