The Minister of State for General Duties in the Ministry of Finance, Planning and Economic Development, Henry Musasizi, has urged Accounting and Finance professionals to play a central role in balancing economic growth with sustainability.
He made the remarks on Thursday while officially opening the annual conference of the African Accounting and Finance Association (AAFA) at Speke Resort Munyonyo in Kampala.
This year’s conference is being held under the theme “Advancing Sustainability Outcomes in Africa: The Strategic Role of Accounting and Finance Professionals.”
Minister Musasizi noted that Africa is currently grappling with three pressing realities, climate change, rising public debt, and persistent inequality and informality, which must be addressed without compromising economic growth.
He emphasized that Accounting and Finance professionals occupy a strategic position in ensuring that this balance is achieved.
The minister outlined five key areas where their contribution is most impactful. These include:
- Promoting credible financial reporting.
- Championing sustainability reporting frameworks.
- Structuring green and climate finance.
- Spearheading public financial management reforms and digitization.
- Strengthening governance, transparency, and accountability.
For Uganda, Minister Musasizi explained that long-term national frameworks such as Vision 2040, the National Development Plans, and the Tenfold Growth Strategy are aligned with global and continental goals, including the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063.
These frameworks, he said, underscore sustainability, inclusiveness, resilience, and environmental responsibility as key pillars of development.
He applauded AAFA for providing a platform where professionals from across the continent can exchange ideas and craft solutions to emerging challenges, noting that such engagements are critical for Africa’s sustainable transformation.
