Togo to host the Africa Financial Industry Summit next November

Tuesday, 02 August 2022 18:51
Togo to host the Africa Financial Industry Summit next November

(Togo First) - Lomé, the Togolese capital, will host the second edition of the Africa Financial Industry Summit (AFIS) on November 28 and 29, 2022. This edition will take place physically, unlike the first one which was held online. The AFIS is organized by IFC and Jeune Afrique Media Group.  

During the event, conferences, workshops, and roundtables will be held, enabling African industry leaders to contribute to the economic recovery of the continent through the development of a competitive, innovative, inclusive and sustainable financial industry.

"AFIS is a platform launched in 2021 to allow leaders of the financial industry to exchange on financing issues in Africa. This edition will bring together leaders of banks, insurance companies, businesses that operate in the mobile money segment, fintech, and capital markets. The meeting will be attended by regulators, ministers of economy and finance, and representatives of major development institutions," Frederic Maury, Deputy Director of the Africa Financial Industry Summit, told Togo First.

More than 500 participants from 30 countries are expected. They will discuss four major topics which are key to finance, according to the organizers. 

Among the expected are eminent figures like Makhtar Diop, Managing Director and Executive Vice President of IFC, Sitoyo Lopokoiyit, CEO, M-PESA, Nezha Hayat, President of the Moroccan Capital Market Authority, the Governors of BEAC, BCEAO, and the Central Bank of Kenya, and Mary Wangari Wamae, Executive Director of Equity Group Holdings.

"The first pillar is everything that concerns financial digitalization (fintechs, mobile money, etc.). The second pillar is green finance (Sustainable Finance) and the third is related to economic integration, the AfCFTA. There is a fourth theme that has been invited in light of the period of high inflation that we are going through. It is the impact of inflation on the soundness of the African financial industry and the outlook,” added Frédéric Maury, who also is in charge of editorial content and programs at the Africa CEO Forum.

The goal of organizers, through the AFIS, is to “stimulate innovation and impact the continent’s economy”, in a context where the finance industry grows rapidly in Africa and new users are emerging.

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