This archive report was first published on 16 September 2021.
Kenya is poised to take center stage in the African financial landscape as it prepares to host the 2nd annual Africa Digital Finance Summit on February 22-24, 2022. The three-day event, themed 'The Future of Finance in Africa; our pathway to financial freedom,' aims to bring together governments, central banks, and prominent executives from global fintech operators, start-ups, and professionals to deliberate on the future of finance in Africa.
According to Mary Njoki, Organizer and CEO of Glass House PR, the summit will provide Africa with an opportunity to leapfrog the mistakes of the West by reimagining entire systems of production, financial services, and governance fueled by financial innovations and blockchain technologies. This, she notes, will position the continent as the hub where solutions in finance will be implemented successfully.
Coming at the backdrop of the Free Trade Agreement in Africa, the summit will spearhead the conversation of re-defining value exchange for Africans and encouraging them to leverage on Digital and Decentralized Finance in their businesses and everyday transactions.
The African Fintech report of 2020 highlights Africa's edge with technology, with mobile subscription penetration rates up to 80%. This summit aims to position Africa as the continent where innovative solutions in digital and decentralized finance will be found and implemented successfully.
During the summit, the ADFS Report of 2021 will be presented and released to the public. Conversations will include understanding blockchain technologies and cryptocurrencies, implementation of Defi in Africa, policies governing disruption in finance, introduction of central bank digital currencies in Africa, and the introduction of NFTs for art, amongst other topics.
The climax of the Summit will be an award ceremony; The Africa digital finance summit awards recognizing various players in the African Digital and Decentralized Finance industry with the aim of championing for and encouraging new innovations and celebrating the startups/companies that have contributed to the growth of the industry in Africa.
