The launch was meant to end the ESAAG to AAAG transition and start the AAAG transition process. The two Associations had existed side by side since the conceptualisation of AAAG in 2018 and agreement for forming it in October 2019. ESAAG had since continued in its business whilst sharing some resources with AAAG (as represented by the Interim Steering Committee (ISC) that was formed in 2019) which was financially supported by GIZ.
The launch was to adopt the draft constitution that had been drafted by the ISC.
Officially launched on the 6th of July 2023, AAAG was assured to be remembered for centuries as Accountants General play a crucial role in the success of public financial management reforms. The decision by the Eastern and Southern Africa Accountants General to fold and support the formation of a continental body of Accountants General, aligns with the progressive African spirit of realising prosperity through unity, inspired by the African Union Agenda 2063 aspirations. Moreover, the conception of AAAG was spearheaded by the African Union (AU), ESAAG and the Pan African Federation of Accountants (PAFA).
AAAG is a capacity-building non-profit organization that aims to build capabilities in the offices of the Accountants and Directors General responsible for budget execution and reporting for their governments. The AAAG focuses on supporting sound public financial management practices and good governance in its member countries. It brings together financial leaders, government officials, and experts in the field of public finance through events like the 1st AAAG Annual Conference. The East and Southern African Association of Accountants-General (ESAAG) is another regional association that supports the offices of Accountants-General in the region. Both organizations play crucial roles in strengthening financial governance and accountability in Africa.