Africa: Central banks convene in Nairobi, with AI on the agenda

The proceedings begin on Sunday, September 13, with the Technical Committee, whose meetings will continue until September 15. According to the official AACB program, representatives from central banks across East, West, Central, Southern, and North Africa will participate in this initial preparatory session.

The Bureau meeting is scheduled for September 16, followed by the governors’ symposium on September 17 and the 48th Assembly of Governors on September 18. The latter two sessions will involve all members of the association.

On September 16, the CBK will concurrently host a conference titled “Trusted Artificial Intelligence in Central Banking Practice.” The Kenyan institution states that discussions will focus on the responsible use of AI in monetary policy, financial stability and integrity, regulation, supervision, and data analysis.

A week marking the 60th anniversary of the Central Bank of Kenya

The annual meetings coincide with the 60th anniversary of the Central Bank of Kenya, celebrated on September 14. The central bank has organized several high-level meetings around this date, including the AACB sessions and the conference on artificial intelligence.

The Association of African Central Banks originated from a decision made during the summit of African heads of state and government on May 25, 1963, in Addis Ababa. It has since served as a platform for consultation on monetary and financial issues among the continent’s central banks.

The program published by the AACB indicates that the proceedings will conclude on Friday, September 18, with the 48th Assembly of Governors, following the symposium that brings together the leaders of member central banks in Nairobi.