Africa Fintech Network’s Post

As we approach the Inclusive FinTech Forum, we should be reminded of the incredible potential that networking holds in shaping our collective future. This event isn't just about sharing knowledge; it's about building meaningful connections that can lead to transformative change in the fintech landscape of Africa. Networking is more than exchanging business cards; it's about finding common ground, sharing insights, and collaborating to solve the challenges of our time. Whether it's through a casual conversation during a coffee break or a deep discussion in a panel, each interaction has the potential to spark innovation. At this forum, let's come together to explore how we can leverage our diverse experiences and expertise to create financial solutions that leave no one behind. Register here: https://lnkd.in/d3FtF2up Segun Aina, Chilekwa Banda, Ali Hussein Kassim, Jameelah Sharrieff-Ayedun, Ph.D., Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., Alex SEA, Kagisho Dichabe, Reuben Mwatosya, Dr. Amira Kaddour 🇹🇳, Josephine Olok, Benazeer Saïdoo, Noha Shaker, Digital Finance Practitioners Association of Zimbabwe, Africa Fintech Network, DRC Fintech Association, Association Fintech Madagascar, Fintech Association Of Nigeria Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, Provenir, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI)), Digital Pilipinas, International Digital Economies Association

Tomorrow, we are excited to have our CEO, Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., participate in an engaging panel session alongside some key leaders in the industry, focusing on the theme: 'Safeguarding the Funding Pipeline for Fintechs in Africa,' at the Nigeria Fintech Week. This is a crucial conversation for the future of fintech innovation and sustainability across the continent, especially as we look at creating resilient funding channels to support growth in this dynamic sector. The discussion promises to offer deep insights into the challenges and opportunities surrounding fintech funding, bringing together top minds to share strategies and solutions. See you there tomorrow! Segun Aina, Chilekwa Banda, Ali Hussein Kassim, Jameelah Sharrieff-Ayedun, Ph.D., Alex SEA, Kagisho Dichabe, Joëlle Sow, Reuben Mwatosya, Dr. Amira Kaddour 🇹🇳, Josephine Olok, Benazeer Saïdoo, Noha Shaker, Digital Finance Practitioners Association of Zimbabwe, DRC Fintech Association, Association Fintech Madagascar, Fintech Association Of Nigeria Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, Provenir, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI)), Digital Pilipinas, International Digital Economies Association iDEA

Tomorrow, we are excited to have our CEO, Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., participate in an engaging panel session alongside some key leaders in the industry, focusing on the theme: 'Safeguarding the Funding Pipeline for Fintechs in Africa,' at the Nigeria Fintech Week. This is a crucial conversation for the future of fintech innovation and sustainability across the continent, especially as we look at creating resilient funding channels to support growth in this dynamic sector. The discussion promises to offer deep insights into the challenges and opportunities surrounding fintech funding, bringing together top minds to share strategies and solutions. See you there tomorrow! Segun Aina, Chilekwa Banda, Ali Hussein Kassim, Jameelah Sharrieff-Ayedun, Ph.D., Alex SEA, Kagisho Dichabe, Joëlle Sow, Reuben Mwatosya, Dr. Amira Kaddour 🇹🇳, Josephine Olok, Benazeer Saïdoo, Noha Shaker, Digital Finance Practitioners Association of Zimbabwe, DRC Fintech Association, Association Fintech Madagascar, Fintech Association Of Nigeria Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, Provenir, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI)), Digital Pilipinas, International Digital Economies Association iDEA

🎺 Countdown begins to another knowledge piece for all Africa fintechs - navigating regulations. please read on below & ensure to signup!

Yesterday, our President, Segun Aina and Program Director, Deji Ajani, Ph.D., paid a courtesy visit to Mr. Mitchell Elegbe, the CEO of Interswitch Group, during an ecosystem visit. Interswitch, Africa’s first fintech unicorn, holds a pioneering position in the industry, often referred to as the 'Grandfather of Fintech Unicorns.' Its success has laid the groundwork for many of the successful fintech unicorn companies we see across the continent today. The discussions centered on how the Africa Fintech Network (AFN) can continue advancing its advocacy efforts to create a more enabling environment for fintech companies and other sector players to thrive. As the fintech ecosystem in Africa evolves, it's crucial to maintain collaborative engagements that will promote innovation, sustainability, and growth in the sector. AFN remains dedicated to fostering these conversations and partnerships that can drive transformative progress in Africa’s financial services industry. Ali Hussein Kassim, Jameelah Sharrieff-Ayedun, Ph.D., Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons)., Oremeyi Adeola Akah, Akeem Lawal Alex SEA, Kagisho Dichabe, Reuben Mwatosya, Josephine Olok, Digital Finance Practitioners Association of Zimbabwe, DRC Fintech Association, Association Fintech Madagascar, Fintech Association Of Nigeria Association For Digital Finance Practitioners - ADFP Zambia, Association of Fintechs in Kenya, Ghana Fintech and Payments Association, Fintech Association of South Africa (FINASA), Mauritius Africa FinTech Hub, Egyptian FinTech Association, Tanzania Fintech Association (TAFINA), FITSPA Uganda, Fintech Association of Botswana, FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Making Finance Work for Africa (MFW4A), Ripple, Cedar-IBSi Capital & FinTech Lab, Provenir, AFRICA FINTECH FORUM, Ecobank Transnational Incorporated, Cenfri, Africa Digital Financial Inclusion Facility (ADFI), Digital Pilipinas, International Digital Economies Association iDEA

++ #Rwanda Unveils Ambitious Five-Year FinTech Strategy to Boost Economic Growth and Financial Inclusion ++ The Government of Rwanda has introduced an ambitious five-year FinTech strategy, positioning the country to become a regional hub for financial services while fostering financial inclusion. The strategy, which covers the period from 2024 to 2029, aims to bolster Rwanda’s FinTech ecosystem, leveraging technology to drive economic growth and socio-economic transformation. The FinTech sector has proven to be a key driver of financial inclusion globally, enhancing the accessibility and robustness of financial systems. However, challenges related to inadequate regulation and consumer protection remain a significant concern. Rwanda’s newly unveiled strategy seeks to address these issues, ensuring the growth of the FinTech ecosystem is both sustainable and beneficial to the wider economy. #techafricanews #africa #rwanda #fintech #strategy #economic #growth #financial #inclusion #regulation #economy

🎺 20th August 2024-webinar on cross border payments & remittances in Africa- how far have we come especially with the advent of digital technologies & innovative technologies like Cloud, Block Chain? Signup below & participate alongside the experts in the field!

ONE Day the Deadline for Completion!!! Attention all African fintech innovators! Your expertise and insights are invaluable as we endeavour to create a digital platform that supports fintechs across the continent. Deadline for the completion of the survey is tomorrow, March 15, 2024. Please complete the survey if you've not done so. Fintechs are at the forefront of Africa's leap into a more inclusive digital future, yet they encounter significant hurdles in scaling and development. Despite the availability of technical assistance and acceleration programs, many of these initiatives overlook emerging markets and concentrate mainly on seed-stage companies, resulting in notable knowledge gaps. The Africa Fintech Network(AFN), in collaboration with Cenfri and the African Development Bank Group’s Africa Digital Financial Inclusion Facility (ADFI), is committed to overcoming these challenges. We are in the process of developing a digital platform that will allow fintech associations across Africa to share knowledge and forge stronger relationships and partnerships. Our goal is to ensure that the #Africa #Fintech Platform truly meets the needs of its users. Part of our needs assessment includes identifying opportunities and necessities for fintechs led by or owned by women. Your participation is crucial. By sharing your perspective, you'll be contributing to a platform that promotes gender-inclusive innovation and supports fintech associations, regulators, investors, and other stakeholders in their quest to navigate and thrive in the fintech ecosystem. Don't miss this opportunity to help shape the future of fintech in Africa. English: https://lnkd.in/dpCi-Z2A French: https://lnkd.in/eWtT4jCQ Segun Aina, Ali Hussein Kassim, Benazeer Saïdoo, Martin Kwame Awagah 🇬🇭🌍, Alex SEA, Patrick Saidu Conteh PhD, FCCA(UK), MBA, BSc(Hons). Chilekwa Banda, Tavonga M., Abderrahim HANSALI, Jameelah Sharrieff-Ayedun, Ph.D., Ernest Kayinamura, Kagisho Dichabe, Joëlle Sow, Reuben Mwatosya, Dr. Amira Kaddour 🇹🇳, Josephine Olok, Andualem Hailu, Seun FOLORUNSO, PMP, Dr. Babatunde Oghenobruche Obrimah - FNIM, PMP, Fintech Association Of Nigeria, Ghana Fintech and Payments Association, Digital Finance Practitioners Association of Zimbabwe, Association of Fintechs in Kenya, Fintech Association of South Africa (FINASA), Tanzania Fintech Association (TAFINA), FINTECH.MZ - Mozambique Fintech Association, Alliance of Digital Finance and Fintech Associations Wave Mobile Money, Ripple, Cedar Capital & Cedar-IBSi FinTech Lab, Provenir, The FutureList

2024 trends: Fintech growth 📈 🔐 💸 💳 Exciting developments in the fintech space in Sub-Saharan Africa in 2023 have given a blueprint for a transformative 2024. Despite challenges like cybersecurity and declining funding, fintech start-ups in countries like Nigeria, South Africa and Kenya have flourished, promoting financial inclusion and innovation. Looking ahead, trends to watch include increased government involvement, a focus on customer profitability, more mergers and acquisitions, the emergence of new investors, and growth in the SME lending space. With the potential for positive impact and high returns, now is the time to invest in African fintech and be part of its growth story. To sum up in a pill 💊 : -> Sub-Saharan Africa witnessed a significant growth in the fintech sector in 2023, despite the decline in funding over the last two quarters due to global economic realities. ➡ Fintech startups and innovation hubs flourished, particularly in countries like Nigeria, South Africa, Kenya, Egypt, and Ghana, addressing diverse financial needs from payments to SME services. ➡ Blockchain and cryptocurrencies gained traction, regulators worked on fostering innovation while ensuring consumer protection, and the use of AI and data analytics increased for credit scoring and risk management. ➡ Going forward, active participation of government and regulatory bodies, a focus on customers and profitability over excessive growth, more mergers and acquisitions, the emergence of new investors, and growth in the SME lending space are expected to be the trends to watch for in 2024. ➡ The African fintech landscape has delivered positive results return-wise and impact-wise, making it an attractive investment opportunity. ➡ With less than seven years to the United Nations Sustainable Development Goals 2030, investing in African fintech presents an opportunity to create an impact while having a positive high return on investment. #bcfea #fintech #techtrends2024 #fintechafrica

Investors Shirk Kenyan Fintech As M-Pesa Dominance Makes It Unattractive Kenya, overlooked by fintech investors in the past five years, lags behind Nigeria, Egypt, and South Africa, per a report from Nigerian market intelligence firm Stears Inc, specialising in African investments. The report notes Kenya secured merely 8% of the continent’s fintech investments from 2019 to 2023. In contrast, Nigeria led with 39%, Egypt with 16%, and South Africa with 20%.https://lnkd.in/gxSkDffr Safaricom PLC M-PESA Africa #fintech