FinTech

Kenya to Host Afro-Asia Fintech Festival in July

The Central Bank of Kenya (CBK) and the Monetary Authority of Singapore have announced the maiden edition of Afro-Asia Fintech Festival which will take place in Nairobi, Kenya.

The festival billed to take place between 15-16 July, 2019 seeks to connect Africa and Asia to network, exchange ideas and build upon Fintech systems in both continents.

The CBK is responsible for formulating monetary policy and promotes financial stability to its clients. MAS is Singapore’s central bank which specialises in non-inflationary economic growth through appropriate monetary policy formulation.

Dr Patrick Njoroge, Governor, CBK said, “CBK is honoured to partner MAS in co-creating a unique platform for policy-makers, technology entrepreneurs, financial industry leaders and other players to come together and tap their diverse knowledge and experiences.

‘’Cross-border cooperation is increasingly important as global problems cannot be resolved in isolation. We need to come together as a global community to learn from each other and co-create solutions that will improve the lives of our people.”

Mr Ravi Menon, Managing Director, MAS, said, “Some of the most exciting developments in technology-enabled financial inclusion are happening in Africa and Asia. The central banks of Kenya and Singapore share a vision to build an Afro-Asia platform to synergise efforts in FinTech innovation.

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‘’With Kenya and Singapore as the starting points, we hope to bring our two regions closer together to innovate and make financial services more accessible and affordable for our people.”

FinTech in the Savannah attendees can expect a Fintech Conference, exhibition and cultural highlights sharing the best work from the two regions.

According to MAS, this year’s theme is ‘Sustainable Finance: Inclusive and Green.’ Key topics of focus will include:  “Technology for Tomorrow”, “Social Impact” and “Spirit of Innovation.”