What's Hot

    Gitex Africa – Tech giants, startups, and SMEs converge in Morocco

    June 2, 2023

    Ecobank launches single market trade hub for African businesses

    June 2, 2023

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Dangote refinery set to be commissioned in two weeks

      May 8, 2023

      An Nisa Taxi a Kenyan women-only taxi service to expand to Saudi Arabia

      May 4, 2023

      AD Ports Group invests Dhs955m to bolster its fleet

      May 1, 2023
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Ecobank launches single market trade hub for African businesses

      June 2, 2023

      IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

      May 31, 2023

      AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

      May 30, 2023
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      Riyadh Valley Company invests in STV’s Total Growth Platform

      Business Finance April 4, 2023
      Recent

      Riyadh Valley Company invests in STV’s Total Growth Platform

      April 4, 2023

      South Africa’s Fin acquires Thuthukani

      March 24, 2023

      Fintech dominates African startup funding

      February 15, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Uncategorized

    Africa Financial Industry Summit in Togo to discuss sector transformation

    November 28, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Africa Financial Industry Summit
    The AFIS Summit aims to create a Pan-African financial sector.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Africa Financial Industry Summit aims to foster a pan-African financial services sector and its second edition is currently being held in Lomé, Togo.

    Africa Financial Industry Summit (AFIS), an event which aims to foster a pan-African financial services sector, is taking place from 28 to 29 November in Lomé, Togo. As new technologies revolutionize financial services, the event will discuss how Africa’s financial sector can transform in the age of disruption and leverage the African Continental Free Trade Area (AfCFTA).

    Africa Financial Industry Summit: ‘Green, Borderless and Digital’

    Under the theme ‘Green, Borderless and Digital – Transforming Finance in the Age of Disruption’, the AFIS, a sister event to the Africa CEO Forum, brings together the continent’s financial sector leaders and regulatory authorities.

    Africa’s development depends on building an efficient, inclusive and sustainable financial sector. However, the sector is also exposed to global shocks. Inflationary pressures, monetary instability and investor risk aversion threaten the sector’s capacity to adapt to the technological changes revolutionizing banking and financial markets.

    Over 600 financial sector leaders

    Through panel discussions, roundtables and business case studies, more than 600 financial sector leaders, including bank CEOs, fintech operators, mobile money operators, institutional investors, capital markets operators and development finance institutions, as well as regulators and finance ministers, will address the challenges and opportunities facing Africa’s financial industry.

    In consultation with a 45-member Advisory Board of influential industry leaders, the AFIS platform has identified three avenues key to the future of African finance: green financial solutions to adapt to and mitigate the effects of climate change, creating a borderless financial ecosystem and delivering a profitable digital transformation that brings financial services to the unbanked and underserved.

    “The African financial industry is one of the most dynamic in the world, with exceptional room for growth, in a context of very strong demographic trends. The recent adoption of the AfCFTA represents a unique opportunity to rethink the African financial industry on a continental scale, especially in the context of a redefined global financial architecture,” said Amir Ben Yahmed, Chairman of the Africa CEO Forum.

    “IFC is committed to expanding formal financial services to the millions of unbanked or underbanked people in Africa. At a time when African fintechs are experiencing rapid development, dialogue between financial players and between the private sector and public authorities is key to achieving financial inclusion and thus ensuring the financing needed to drive economic activity,” said Sérgio Pimenta, IFC Vice President for Africa.

    The world’s ‘youngest continent’

    Coveted by international investors, the world’s youngest continent, which has had one of the world’s fastest-growing economies up until the pre-coronavirus period, must now examine its development trajectory as the world prepares to emerge from the pandemic.

    After shrinking by 2.1% in 2020, the year which marked the first recession in 20 years, Africa’s economy showed its resilience in 2021. It must now realize its true potential to get back on the pathway to growth in an inclusive and sustainable manner.

    The major issue at play is how to impact the continent’s economies in a positive and sustainable way for each of the countries that contribute to making the African market one of the most promising and dynamic in the world.

    AfCTA brings together states with an estimated population of 1.3 billion people.

    AFIS Africa Financial Industry Summit finance Fintech Funding
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleAfrican industrialization: 37 states have become more industrialized over the past eleven years
    Next Article Fenix Games raises USD 150 million in funding

    Related Posts

    Uncategorized

    Maersk launches expanded Middle East-West Africa service

    May 22, 2023
    Business Startups

    Balad completes seven-figure pre-Seed round led by Acasia Ventures

    May 15, 2023
    Business Startups

    Tarabut Gateway secures $32M in funding to accelerate open banking in Saudi Arabia

    May 12, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    Gitex Africa – Tech giants, startups, and SMEs converge in Morocco

    June 2, 2023

    Ecobank launches single market trade hub for African businesses

    June 2, 2023

    FAB unveils first supply chain finance program in KSA, collaborating with Alfanar

    June 1, 2023

    IATF – Cairo Selected as the venue for the 3rd Intra-African Trade Fair

    May 31, 2023

    AeTrade Group promotes job creation and digital inclusion to boost Intra-African trade

    May 30, 2023
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.