The potential for fintech to change lives and economies in Africa is real… AFTS
Apart from Africa being the largest unbanked region in the world, the continent is one of the fastest regions that is adopting new financial technology innovations to drive financial services and inclusion. With this development, the Central Bank of Nigeria (CBN), Kenya Central Bank (KCB) and fintech stakeholders in Africa are set to discuss solutions and development for financial technology in the continent at the Africa Fintech Summit at the National Press Club in Washington, D.C, USA.
The chair of the Africa Financial Technology Summit (AFTS) organizing committee of the summit, Leland Rice, in a press release said that the Central Banks of Nigeria and Kenya will feature at the summit.
Other speakers at the summit are continent’s principal technology entrepreneurs that include founder and CEO of Paga, Tayo Oviosu, founder & CEO of Flutterwave, Iyinoluwa Aboyeji, and CEO of Bakymoon, Lorien Gamaroff, as well as leading venture capital investors from across Africa and the United States.
Rice added that the summit will focus on areas financial inclusion, new technologies in payments and remittances, Africa-specific blockchain use cases, cryptocurrencies on the continent, startup ecosystems, and venture capital funds designed for African.
“It’s an inflection point. The potential for fintech to change lives and economies in Africa is real, but there are needs to ensure coordination between countries, deployment of smart capital, and communication across the ecosystem, from bankers to tech entrepreneurs to policy makers. And this is the motivation behind the AFTS – to foster that coordination, facilitate investment flows between the U.S. and Africa, and raise global awareness for the people and technologies driving these opportunities,” he said.
Rice explained that the AFTS will also include the launch of the Atlantic Council’s Disruptive Tech in Africa series of publications and awards ceremony recognizing excellence and innovation in African fintech with the US-Nigeria Council’s biannual reception and dinner after the AFTS.