Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Monday, May 23, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
Today, Africa has the highest number of mobile wallets per capita of any region in the world. This environment is creating a flurry of innovation on the continent, along with unprecedented opportunities for investment in scalable technologies.

Conference logo, Source Africa Fintech Summit

Africa Fintech Summit to gather leaders and innovators in DC  

Today, Africa has the highest number of mobile wallets per capita of any region in the world. This environment is creating a flurry of innovation on the continent, along with unprecedented opportunities for investment in scalable technologies.

by Kimani Chege
April 14, 2018
in Kenya, Tech & Business
0
Share on FacebookShare on LinkedIn

On April 19, tech and finance leaders, policy makers, innovators, and investors from across Africa and the US will gather at the National Press Club in Washington, D.C., to discuss the future of financial technology.

Occurring in line with the spring meeting of the World Bank Group and IMF in Washington, the Africa Fintech Summit (AFTS) will include keynote addresses from the Central Banks of both Nigeria and Kenya. It will also feature some of the continent’s principal tech entrepreneurs—such as Tayo Oviosu, Founder & CEO of Paga, Iyinoluwa “E”Aboyeji, Founder & CEO of Flutterwave, and Lorien Gamaroff, CEO of Bakymoon—as well as leading venture capital investors from across Africa and the US.

Focus areas include 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.

The AFTS will also include the launch of the Atlantic Council’s Disruptive Tech in Africa series of publications as well as a drinks and awards ceremony recognizing excellence and innovation in African fintech. The US Nigeria Council’s biannual reception and dinner will follow the AFTS.

As a region, Africa has the largest unbanked population in the world, a fact that has hamstrung the continent’s economic dynamism of the last decade. The rapid adoption of new financial technologies is helping to dramatically change that picture. In Kenya, for example, 50% of GDP moves through M-Pesa, a mobile phone-based money transfer, financing, and microfinance service that came to market in 2007. Today, Africa has the highest number of mobile wallets per capita of any region in the world. This environment is creating a flurry of innovation on the continent, along with unprecedented opportunities for investment in scalable technologies.

“It’s an inflection point,” says Leland Rice, chair of the AFTS organizing committee. “The potential for fintech to change lives and economies in Africa is real, but there needs to be 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.”

Read also Kenya at the center of global cryptocurrency talk as Blockchain summit opens

Tags: Africa Fintech SummitKenya Fintech

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Kimani Chege

Related Posts

Twiga Foods launch new subsidiary
Investing

Twiga Foods invests $10 million to launch new subsidiary

May 18, 2022
Nigeria Interswitch secured US$110 million
Tech & Business

Nigeria: Interswitch secures US$110 million investment to scale up operations

May 18, 2022
A TopUp Mama employee delivering kale (sukuma wiki)/ TopUp Mama
Tech & Business

TopUp Mama seeks to end supply chain woes for Kenyan restaurants

May 18, 2022
Next Post
Tanzania investing in Tanzania mining in Tanzania

Investors wary of Tanzania’s mining investment attractiveness

Tanzania Tourism in Tanzania US and Tanzania tourism Tanzanians in Diaspora

Tanzania Festival in Dallas to sell tourism in Diaspora

Small scale farmers Tanzania Breweries East Africa agri-innovation

Tanzania Breweries host EA agri -innovation in May

Please login to join discussion




This months edition

May Edition

Features

EdTech role in African development
Tech & Business

EdTech’s role in African development

by Kanyali Muthui
May 16, 2022
0

Due to the pandemic, the topic of innovation in education has never been more crucial.  While most developed countries moved...

Read more
investment in African science and technology
Tech & Business

Investing in Africa’s science and technology: Where are we now?

by Kanyali Muthui
May 16, 2022
0

The continent’s digital revolution can largely be driven by building the necessary skills for the short- and long-term future, and...

Read more
Fintech revolution in Africa
Tech & Business

The Fintech Revolution in Africa’s FX Markets

by Kanyali Muthui
May 11, 2022
0

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions,...

Read more
www.theexchange.africa
Countries

US – Nigeria Trade Relations: An Overview

by Wanjiku Njugunah
May 2, 2022
0

Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of...

Read more
A previous conference for African Insurtech sector. The Insurtech boom is deepening insurance uptake in Africa. www.theexchange.africa
Tech & Business

Insurtech boom deepening the uptake of insurance in Africa

by june njoroge
May 2, 2022
0

Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In