The first edition of the Financial Industry Summit will be held on March 10 and 11 in a fully digital version. 500 decision-makers from the financial industry are expected to attend this event aimed at actively contributing to the economic recovery of the continent through the development of a competitive and innovative financial industry.
Organized by the Africa CEO Forum, in partnership with the International Finance Corporation (IFC), the first edition of the Financial Industry Summit will be held on March 10 and 11 in a fully digital version. 500 decision-makers from across the financial industry are expected to attend this event, the objective of which is “to actively contribute to the continent’s economic recovery, through the development of a competitive and innovative financial industry”.
With an average growth in banking revenues of 11% per year and more than 800 million dollars raised by African FinTechs in 2019, the African financial industry was, before the start of the Covid-19 pandemic, one of the most dynamic in the world. At a time when the impact of the economic crisis promises to be particularly severe for the economies of the continent, African finance must more than ever rethink its development trajectory.
Faced with these unprecedented challenges, the first edition of the Financial Industry Summit will bring together bankers, insurers, FinTech executives, mobile money operators, microfinance institutions, stock markets, regulators and ministers. “This pandemic has affected banks and financial institutions around the world. In Africa, they have proven to be resilient, but they still have many challenges to overcome. IFC has a long history of supporting Africa’s financial sector, which we see as the foundation for economic growth, ”said IFC’s vice president, Middle East and Africa.
“I look forward to the Financial Industry Summit, where we will see how financial institutions can continue to drive the development of our vibrant continent,” added Sérgio Pimenta, vice president, Middle East and Africa, IFC. Through a multitude of panels, keynotes and high-level round tables, participants will address many key themes for the development of a successful financial sector.
The latter will focus in particular on the management of digital transformation, financial inclusion strategies, adaptation to the regulatory environment, modernization of risk control or the impact of the implementation of the African Continental Free Trade Zone.
