Dr. Ernest Addison

The highly anticipated 3i Africa Summit has garnered endorsement from key players in the fintech industry, with over 3,000 industry leaders from 78 countries confirming their participation.

This ground-breaking event, set to take place in Accra from May 13 to 15, 2024, will catalyze innovation, investment, and impact in Africa's rapidly evolving fintech and financial services sectors.

Developed through a strategic partnership between the Bank of Ghana (BoG), and Development Bank Ghana, and supported by Elevandi, a subsidiary of the Monetary Authority of Singapore (MAS), the 3i Africa Summit aims to spearhead transformative discussions, address critical growth and investment opportunities, and explore how market players in the financial ecosystem are embracing digital transformation.

The summit has attracted an impressive list of attendees, including heads of state, central bank governors, renowned speakers, key policymakers, investors, asset managers, and leaders from the financial services sector across Africa and beyond.

With over 4,000 registrations, of which more than 3,000 are key industry players, the event has already exceeded expectations.

Among the esteemed lineup of speakers are fintech superstars Iyin Aboyeji, co-founder of Flutterwave and Andela, Dare Okoudjou, founder and CEO of Onafriq, formerly MFS Africa, Serigne Dioum, Group Chief Executive Officer of MTN Fintech, Romeo Bugyei, Chief Executive Officer of IT Consortium, and Saqib Nazir, CEO of Cross Switch Africa.

These highly respected figures will bring their wealth of experience and insights to the summit, driving meaningful discussions on the future of fintech in Africa.

Industry leaders are commending the organizers and Ghana's conducive regulatory environment for the summit's remarkable appeal.

Saqib Nazir, Chief Executive Officer of Cross Switch, highlights, "Ghana's progressive regulatory framework, particularly the Bank of Ghana's Payment Systems and Services Act 2019 (Act 987), has been a driving force behind the growth of fintechs in the country.

The 3i Africa Summit, organized by the Bank of Ghana and Development Bank Ghana, is a testament to the positive impact of this regulatory landscape."

Mr Nazir expresses confidence that the 3i Africa Summit will foster a deeper understanding and appreciation of the fintech industry.

He also anticipates that the event will open doors for fintech companies to access funding, particularly from traditional banking institutions that have previously been hesitant due to limited industry knowledge.

In recent years, Africa, with countries like Ghana, Nigeria, and South Africa at the forefront, has witnessed a remarkable surge in fintech companies, driven by the global wave of technological advancements. These fintech firms, primarily offering digital platforms, leverage technology to deliver innovative financial services and products, providing convenience and security to consumers.

Ghana's fintech industry, encompassing the banking and financial services sector, insurance, telecommunications, and non-banking financial services, has emerged as one of Africa's most promising and scalable fintech ecosystems.

The sector's rapid growth can be attributed to the government's Digital Agenda, which aims to promote a cashless, contactless digital economy and achieve financial inclusion and stability.

This growth has been particularly evident in recent years, with the industry experiencing a significant uptick in investment, innovation, and adoption.

The Ghanaian fintech landscape has been hailed as a hub for innovation, with a thriving startup scene and a supportive regulatory environment.

The country's commitment to digital transformation and its strategic location in West Africa have positioned it as an attractive destination for fintech companies looking to expand their presence on the continent.

Under the theme "Unleashing Africa's Fintech and Digital Economic Potential," the 3i Africa Summit predominantly targets the African digital economic sector, including fintech, to catalyse investments, foster economic growth throughout the continent, and promote global partnerships for sustainable development.

As the countdown to this transformative event begins, the 3i Africa Summit is poised to reshape the fintech landscape in Africa, driving innovation, attracting investment, and delivering lasting impact for years to come.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.