FINACTU Expands Role in African Public Debt Management with New AfDB Contracts

FINACTU has strengthened its position in the strategic field of public debt management in Africa after securing two new contracts funded by the African Development Bank.

Awarded through international tenders, these mandates will see the firm provide support in the Comoros and the Central African Republic, with the objective of reinforcing the capabilities of national debt management institutions.

In the Comoros, FINACTU’s work will focus on developing a Debt Sustainability Analysis (DSA) alongside a medium-term debt management strategy

The mission of FINACTU also includes improving the monitoring and structuring of contingent liabilities and public arrears. In the Central African Republic, the assignment is broader in scope, aiming at a comprehensive overhaul of the debt management department. This includes an organizational review, targeted staff training, and the introduction of digital tools designed to improve engagement with investors.

These contracts come at a time when African public finances are under increasing strain. Over the past decade, the debt-to-GDP ratio across the continent has doubled, placing greater pressure on governments to strengthen their financial governance. In this context, the new mandates highlight the growing efforts of states to professionalize their debt management practices and respond to stricter financing conditions in international markets.

FINACTU builds on prior experience in countries such as Ivory Coast, where its interventions have contributed to modernizing public financing management and supporting major international fundraising operations, including the integration of ESG instruments. This track record reinforces its credibility in the sector.

According to associate director Lossani Zina, public debt must be managed with rigor, transparency, and a clear strategic vision in order to serve as a driver of development. Associate managing director of FINACTU, Géraldine Mermoux, echoes this perspective, emphasizing that strengthening institutional tools and technical capacities is essential for improving African countries’ access to financial markets.

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First published in Financial Afrik. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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