FinTech

Osinbajo, Adesina, Aina, IMF Rep witness Launch of Africa Fintech Network

Picture Credit: Proshare

The vice president, Prof. Yemi Osinbajo and President, African Development Bank [ADB], Dr. Akinwumi  Adesina, president of African Fintech Network, Dr. Segun Aina and IMF country representative in Nigeria, Dr. Amine Mati, were among the high level personalities that witnessed the inauguration of African Fintech Network.

Others who attended the launch were the Minister for Business Development Ghana, Dr. Ibrahim Awal; Chief of Technology and Innovation, United Nations Economic Commission for Africa Dr. Kasirim Nwuke.

African Fintech Network was inaugurated during the opening session of the week long program of Africa Fintech Festival hosted in Lagos – Nigeria was conducted by delegates from other 10 African countries that made the founding membership of the Network.

Dr. Aina said that the journey began January 24, 2018 where the idea of an Africa Fintech Network was canvassed at the African Fintech Enablers Roundtable held in Lagos with delegates from seven Africa countries.

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He explained further that the network comprise National Fintech Associations in the various African countries and will unify African Fintech initiatives towards producing solutions to drive indigenous creativity and innovation aimed at proffering timely, tested, affordable and indigenous answers to Africa’s peculiar real-world challenges in particular financial inclusion.

“The platform will provide wider market access across Africa in a seamless manner for fintech and tech-enabled innovative products and explore innovative technology transfer and export beyond Africa to the developed world and other emerging markets”

Aina added that the network will also foster multi-national/cross-border fintech policy and regulatory frameworks, engender a coordinated collaboration with the rest of the world and support the achievements of the African Continental Free Trade initiative and Agenda 2063 of the AU.

“The network will contribute to making Africa a leading global Innovation Hub and promote Africa as a preferred investment destination, thereby creating employment opportunities, contribute to fast-tracking access to basic financial services for all, and generating wealth among others.

Prof Osinbajo was represented by his Special Adviser to on ICT, Lanre Osibona while Dr. Adesina  was also represented by his Nigerian Senior Country Director for ADB, Dr. Ebrima Faal.