A Specialized Agency of the African Union

COVID-19 Corner                  Support Our Work

Home | What We Do | Success Stories | ACBF-sponsored centre becomes champion of corporate governance

ACBF-sponsored centre becomes champion of corporate governance

14 Jan, 2016

ACBF-sponsored centre becomes champion of corporate governance

 Years of support, nurturing and institutional capacity development interventions by the ACBF have made the Nairobi-based Centre for Corporate Governance (CCG) to become self-sustainable and to have impact on the ground.

CCG has been at the centre of promoting the highest standards of corporate governance in different types of business enterprises through awareness raising, advocacy, education campaigns, research and training in Kenya’s private sector.

CCG initiated the establishment of the Pan African Consultative Forum on corporate governance – drawing lessons and experiences from across Africa, sharing them in a common platform to assist others faced with similar issues.

The forum has had great success in raising awareness on the significance of corporate governance to economic development in Africa and in forging consensus on concepts and methods of corporate governance standards and practices across all sectors of enterprise in Africa. It has also enabled collaboration between CCG and similar institutions including - Institutes of Board of Directors of Zambia, Zimbabwe and Uganda. CCG served as the Secretariat for the Pan African Corporate Governance Forum from 2001 to 2008.

CCG started as a trust – the Private Sector Corporate Governance Trust (PSCGT,) which was renamed the Centre for Corporate Governance in 2002 and has grown into a self-sustaining national enterprise with strong credibility and high demand for its services. It has also become mandatory for directors of state corporations, insurance companies and companies listed on the Nairobi Stock Exchange to go through the training and courses on corporate governance offered by CCG. And various organizations including the Central Bank rely on due diligence by CCG in appointing, training and recommending new directors.

 ACBF supported CCG with a capacity development investment grant of US$ 1 million in 2000, which enabled the efficient implementation of the Centre’s programmes and leadership of the Forum.

ACBF played a significant role in the transformation of the centre into a self-sustaining enterprise with a further financing of its strategic plan for 2007-2011.The Strategic Plan 2007-2011, solely funded by ACBF - enabled the Centre to enhance its self-generated income capability, matching its level of activities with its focus on growth and since then the centre has been fully funding its own activities.


Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.

H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.

H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.

Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.

Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.

Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana