Africa Fintech Network

Fintech sustainability in Africa- the impact of Corporate Governance and Regulations
2023-09-14 08:00 - 2023-09-15 17:00 UTC
AfricaNenda, Africa Fintech Network (AFN), Africa Fintech Forum and Making Finance Work for Africa (MFW4A) are organizing an event on “Fintech sustainability in Africa- the impact of Corporate Governance and Regulations”.
Registration Link: https://afdb.zoom.us/webinar/register/WN_2Ri6rVYeSEantOg8W5RzlQ#/registration

Fintech is an emerging technology making waves across the globe. It refers to the use of financial technology to provide new channels of financial services. According to a McKinsey analysis, about half of the new technological start-ups created between 2020 and 2021 in Africa are Fintechs. Fintechs have already made significant inroads into the market, with estimated revenues of around $4 billion to $6 billion in 2020 and average penetration levels of between 3 and 5 percent (excluding South Africa). This shows the impact and revenue generation of these emerging technologies in African markets. Amidst the eruption and disruptions caused by fintech in the continent, there are inherent risks ranging from weak institutional arrangements, especially in start-ups, to concerns about consumer protection, cybersecurity, money laundering, etc. Regulations have generally continued to play catch-up with the related technological innovations thereby compounding the risks inherent in the sector. These risks have no doubt weighed heavily against the level of investments needed to support the sustainable growth of the African fintech ecosystem. In Particular;

Younger and private fintech enterprises often lack the financial strength necessary to attract new clients and partners.

Alignment of new governance practices with fintech enterprises to sustain the evolution of the fintech enterprises.

Regulatory requirements across multiple jurisdictions, especially international client bases, a proper governance support should be available for this new type of organizational environment.

Innovative solutions around risk and regulation mandates where governance support should be available to guide the fintech enterprises.

Lack of governance mechanisms for implementation of new technologies—Because fintech enterprises are oriented toward implementing cutting-edge technologies to produce innovative solutions, they need to have suitable governance processes in place to implement such technologies and roll out state-of-the-art solutions.

Hence, the webinar’s objective is to identify some of the main corporate governance challenges fintech faces from seed stages to maturity, with the main goal to provide a set of policy considerations for policymakers and industry players to develop coherent frameworks and policy approaches toward FinTech firms that unlock innovation and competition and develop products and services that are compatible with the key objectives of inclusive finance, consumer protection, and market integrity.’
Thank you,

New partnership: Africa Fintech Network and Cenfri
2022-07-22

3-Day Hybrid Conference
2021-10-13 08:00 - 2021-10-15 17:00
The 3-Day Hybrid Conference from 13-15 October 2021, the second and closing part of the Festival, will take place both in a virtual format and in person* at the prestigious Caudan Arts Center in Mauritius’s capital!

The event will cater to audiences online and on-site with exciting keynotes, workshops, activities, and panel discussions.

EVENT TICKET PRICE: $50 (free for MAFH members and students)

Attendees pre-registering until the 31st of August will receive a special early bird ticket offer!

Africa Fintech Festival 2021
2021-07-13 08:00 - 2021-10-15 17:00
Mauritius is pleased to have won the right to host the 3rd edition of the Africa FinTech Festival (AFF), a concept created by the Africa FinTech Network (AFN).

The AFF was first launched in Nigeria in 2018 to address the future of FinTech in the African context, followed by the second edition held in Uganda in 2019 to discuss the role of FinTech in Africa’s digital economy.

Mauritius is the next chosen destination with the main host of the festival being the Mauritius Africa FinTech Hub (MAFH), working in collaboration with the AFN.

MAFH was awarded the hosting rights of this strategic initiative to drive and support the growth of a Pan-African FinTech ecosystem, and to facilitate open collaboration for the purposes of driving innovation and financial inclusion in Africa.

Find out more at https://africafintechfestival.org/

COVID-19’s Impact on the Future of Fintech in Mauritius & Africa
2020-07-07
