Kenya Hosts the Africa Regional Committee Annual General Meeting and Conference 2025 in Mombasa

Kenya is proudly hosting the Africa Regional Committee Annual General Meeting and Conference from June 16 to 19, 2025, in the vibrant coastal city of Mombasa. This significant event, organized jointly by the Kenya Deposit Insurance Corporation (KDIC) and the International Association of Deposit Insurers (IADI), centers on the theme: “Enhanced Bank Resolution Frameworks and the Vital Role of Deposit Insurance Systems in Bank Failure.” It aims to foster critical dialogue on strengthening financial stability and improving crisis management frameworks across Africa’s banking sector.

Event Overview and Objectives

The conference takes place at the scenic Pride Inn Paradise Beach Resort & Spa, offering a conducive environment for in-depth discussions and networking. It brings together regulators, policymakers, deposit insurers, resolution authorities, financial institutions, and international experts from across the continent. The event’s core objective is to explore how enhanced bank resolution frameworks and effective deposit insurance systems can mitigate risks associated with bank failures and safeguard the financial system.

Key Themes and Discussion Topics

A major focus is on reforming bank resolution practices in the aftermath of the 2023 financial crisis, which exposed vulnerabilities in existing frameworks. Participants will examine strategies for building robust financial safety nets through improved coordination between resolution authorities and deposit insurers. This collaboration is essential to manage bank failures efficiently while maintaining public confidence.

The conference will also address tailored approaches for small and medium-sized financial institutions, recognizing their unique challenges in crisis scenarios. Another critical topic is fostering public trust during bank resolution processes, which is vital for financial stability and depositor protection.

The Importance of Bank Resolution Frameworks in Africa

Bank resolution frameworks are mechanisms that allow authorities to manage the failure of banks in an orderly manner, minimizing financial disruption and protecting depositors. For many African countries, strengthening these frameworks is crucial to prevent systemic risks and maintain economic stability. Lessons from recent banking crises globally and regionally will inform discussions on best practices and innovative solutions tailored to Africa’s financial landscape.

Role of Deposit Insurance Systems

Deposit insurance plays a pivotal role in maintaining depositor confidence by guaranteeing the safety of insured deposits in the event of bank failure. The conference will highlight how deposit insurance systems complement resolution frameworks by providing a financial safety net and facilitating smoother crisis management. Enhanced cooperation between deposit insurers and resolution authorities is expected to lead to more effective interventions during banking crises.

Logistics and Participation Details

Delegates from across Africa and beyond are encouraged to register online before the deadline of May 9, 2025, to benefit from negotiated accommodation rates at the conference venue. The Kenya Deposit Insurance Corporation has arranged airport transfers from Moi International Airport to hotels and the conference venue, ensuring a seamless experience for international participants.

Mombasa in June offers pleasant weather, characterized by warm, sunny days with temperatures ranging from 24°C to 29°C (75°F to 84°F) and lower humidity, ideal for both conference activities and leisure.

Cultural and Social Engagements

Beyond the formal sessions, the event includes several social activities designed to showcase Kenya’s rich coastal culture. Delegates will enjoy a welcome cocktail on June 16, a traditional Kenyan Nyama Choma dinner on June 17, a Swahili dinner on June 18, and a cultural excursion on June 19. These events provide valuable opportunities for informal networking and experiencing the unique heritage of Mombasa.

Expected Impact and Outcomes

This conference is poised to strengthen Africa’s financial safety nets by enhancing the capacity of deposit insurers and resolution authorities to manage bank failures effectively. It will foster greater collaboration across the continent, build public trust in financial institutions, and contribute to sustainable economic growth and financial inclusion.

Kenya’s role as host underscores its commitment to advancing the stability and resilience of Africa’s banking sector. The knowledge shared and partnerships formed during this event will have lasting benefits for the region’s financial systems and economies.

Summary

The Africa Regional Committee Annual General Meeting and Conference in Mombasa represents a milestone for the continent’s financial sector. It offers a platform to address critical challenges in bank resolution and deposit insurance, while also celebrating African culture and hospitality. Stakeholders attending this event will be at the forefront of shaping a safer, more stable financial future for Africa.