MORE than 2,000 accountants from 55 African countries are expected to participate in the second African Association of Accountants General (AAAG) Annual Conference scheduled for Arusha from December 3 to 5, 2024.

Speaking to journalists here yesterday, Leonard Mkude, the Chief Government Accountant, stated that this summit marks its second occurrence since its inception on July 5, 2023, following the first summit held in Lesotho in February 2024.

He mentioned that the Association of Government Chief Accountants was formally launched in Mombasa, Kenya, on July 5, 2023, following a resolution to unify existing associations of accountants across various regions.

However, he emphasized that the summit aims to enhance public trust in public finance management systems for sustainable growth.

The summit's target audience includes accountants, auditors, financial experts, ICT specialists, risk managers, and others, spanning government, private companies, and the self-employed.

"We expect to host over 2,000 guests, which undoubtedly will significantly benefit businesses such as guesthouses, hotels, transportation, catering, and the local economy," he said.

Participants will have opportunities to attend diverse academic sessions, interact with chief accountants from across Africa, exchange experiences, and explore opportunities within African countries. 

He further highlighted that the summit will foster inclusive growth and sustainable development across Africa. 

Additional benefits include promoting good governance, democracy, respect for human rights and the rule of law, peace and security, strong cultural identity, common heritage, and ethical values.

Malehlohonolo Mahase, Chairperson of the Association of Chief Accountants of Africa, explained that Tanzania was chosen to host the summit due to its leadership in budgetary systems.

"Tanzania has excellent and robust financial systems, and many other African countries aspire to learn from its practices," he added. 

He also underscored Tanzania's positive attributes such as democratic values, peace, unity, investment opportunities, tourism, and trade.