The drive to leverage on digitalization and technology in the financial sector to enhance financial inclusion is set to receive a major boost as Africa prepares for the maiden in 2024.
The Summit to be hosted by Ghana is an initiative by the Bank of Ghana, Development Bank Ghana, and the Monetary Authority of Singapore to deliberate on ideas in creating a sound and safe financial system.
It will be under the theme Unleashing Africa’s FinTech and Digital Economic Potential and will bring together thousands of sector players to adopt pragmatic ways of harnessing digital resources to bolster the financial and economic landscape on the continent.
First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku-Afari has been speaking on the vision in interview on Nasdaq Trade Talks from the Singapore Fintech Festival.
“By 2030, the fintech industry will reach US$ 230 billion. This is a huge opportunity in Africa for fintech growth. There are so many success stories in Ghana, Nigeria. Kenya and South Africa. We believe that the time is right for us to showcase these success stories by bringing together inventors, innovators, investors, regulators and give them the platform to tap into this and create partnerships to reap this huge potential in Africa.”
The 3i Africa Summit stands as a ground-breaking global gathering – uniting leaders from government, business, investors, and academia in a collective effort to deliberate and collaborate on unleashing the continent’s digital economic potential empowered by Fintech.
“We look forward to the 3iAfrica Summit becoming a beacon for financial technology and a turning point in Africa’s digital revolution”, Dr. Opoku-Afari added.
Over 2,000 business executives from more than 80 nations are expected to attend the Summit, which is set for May 13–15, 2024.