The African Economic Research Consortium – AERC, in partnership with the Central Bank of Kenya [CBK], will host the 61st Biannual Plenary Session on “The FinTech Revolution in Africa” on December 1, 2024, at the Glee Hotel, Nairobi, Kenya.
This AERC & CBK premier event will explore Africa’s role in driving global financial innovation and fostering inclusive economic growth. Highlights include:
- A high-level Practitioners Round Table hosted with the Kenya Bankers Association [KBA] to discuss FinTech’s transformative impact on banking.
- A Central Bank Governors Forum on Central Bank Digital Currencies [CBDCs], featuring insights on adoption and innovation across Africa.
- Keynote addresses, research presentations, and panels on sub-themes like regulatory frameworks. AI in financial services, and FinTech’s role in climate resilience.
Last June, professional services firm BDO, in a report titled Unlocked Potential Fintech In Africa. Noted that Africa’s Fintech market – led by South Africa, Nigeria, Egypt, and Kenya – is projected to grow thirteenfold to US$65 billion by 2030. It will also have a projected compound annual growth rate [CAGR] of 32%. The report disclosed that leading the charge is ‘mobile money’, the continent’s ubiquitous solution for the unbanked, enabling seamless transfers and payments. Alongside this powerhouse, lending platforms are leveraging alternative data to offer micro loans and other financial products to previously underserved populations.
Dr. Kamau Thugge, CBK Governor will officially open the session, emphasizing central bank leadership in navigating Africa’s FinTech landscape.
