The Financial Stability Board (FSB) Regional Consultative Group for Sub-Saharan Africa convened in Zanzibar on February 20-21, 2026, hosted by the Bank of Tanzania. Senior officials from regional central banks, financial authorities, and regulatory bodies gathered to address pressing issues related to financial stability.

During the meeting, co-chaired by Lesetja Kganyago, Governor of the South African Reserve Bank, participants emphasized collaborative approaches to enhance resilience within the financial systems across Sub-Saharan Africa. The discussions aimed to tackle vulnerabilities and improve regulatory frameworks that are crucial for sustaining economic growth in the region.

The importance of this meeting lies in its focus on regional cooperation amid global economic uncertainties. By fostering dialogue among financial leaders, the FSB aims to strengthen the foundations of financial stability, which is vital for attracting investment and ensuring sustainable economic development in Sub-Saharan Africa.

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Official Source: Financial Stability Board