Hi
The next few years will define Africa’s path to a more included society, and fintechs carry a great responsibility on their shoulders. Africa is expected to remain the second-fastest growing region in the world in 2024, surpassing others by 2026.
During Point Zero Forum in July 2024, John Rwangombwa—Governor of National Bank of Rwanda—attributed the economic growth of the region to its tech-savvy and young population whose median age is less than 20 years. He also emphasised two critical challenges in the digital public infrastructure across the region: interoperability and uncertainty around regulatory regimes in Africa.
With that, fintechs need to leverage advancing technologies such AI and web3 to solve those challenges. Once a solution for this is in place, it will accelerate economic inclusion and stimulate broader economic growth, ultimately reducing poverty and increasing standards of life.
The role of technology in driving financial inclusion in Africa was also the central topic to the 3i Africa Summit discussions held in Ghana in May 2024.
We will continue this conversation from Ghana to Rwanda at the upcoming Inclusive FinTech Forum in Kigali, Rwanda in August 2024. The key themes of discussion will be: digitising inclusion, capital market stability, inclusive payments, policy & regulation, and startup growth.
The programme serves as a global platform for financial inclusion and fintech for good, and is jointly organised by Elevandi, the Kigali International Financial Centre (KIFC), and the National Bank of Rwanda.
I look forward to seeing you there.
Cheers,
Rafat Kapadia
Head of Investments, Elevandi
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