Kenya's finance and accounting sector faces significant challenges including skill shortages, slow technology adoption, and weak governance, hindering the country's economic growth and the African Union's Agenda 2063. Efforts are underway to address these issues, with the upcoming 5th ACCA Africa Members Convention (AMC2025) focused on reforms and innovation.

• Despite 38,000 registered accountants, severe skill gaps exist in areas like IFRS, sustainability reporting, and data analytics.
• The World Bank estimates Kenya has only about 5,200 qualified accounting professionals.
• The Association of Chartered Certified Accountants (ACCA) will host its convention in Mombasa in December, bringing together over 1,000 delegates to discuss adapting the profession to technological and ethical shifts.
• Jamil Ampomah, ACCA’s Director for Africa, emphasized the need for finance professionals to lead in sustainability, ethical leadership, and innovation.