Categories
Business

Cape Town to host the 8th Africa Fintech Summit

Leading entrepreneurs, investors, and policymakers from around the world will gather in November for the 8th Africa Fintech Summit that will be hosted in South Africa.

Leading innovators, investors, and policymakers will convene in Cape Town, South Africa, in November 2022 for the 8th edition of the Africa Fintech Summit (AFTS). The summit will be held at the Cape Town International Convention Center (CTICC) from 03 to 04 November 2022. 

With participants who represent over $4.5bn in private equity and venture capital funding, the AFTS is one of the significant global initiatives committed to financial technology in Africa

The bi-annual summit occurs each April in Washington, D.C, and each November in a different African city. 

In recognition of South Africa’s position as one of the Top 4 African Fintech ecosystem hubs, the AFTS Advisory Board unanimously decided to host the event in Cape Town this year. 

Zekarias Amsalu, co-founder of AFTS said, “We are very pleased to bring AFTS to South Africa, a world leader in Banking & telecom services and one of the top African countries with the most advanced technological ecosystem hubs and sophisticated tech talent. We look forward to welcoming our global delegates and ecosystem players to Cape Town this November and so collaborative partnerships and initiatives are made towards Africanization of global tech.”

Additionally, Cape Town is ranked as one of the Top 3 Startup Cities in Africa, and the country has well-developed infrastructures with effective financial, legal, energy, telecommunication, and transport systems, as well as a stock exchange that is Africa’s largest and among the Top 20 in the world.

H.E. Nomaindiya Mfeketo, South Africa’s Ambassador to the US, conveyed her elation saying, “I am very much pleased to welcome Africa Fintech Summit’s delegates to South Africa this year. We are committed to inculcating the spirit of Ubuntu and the “Batho Pele” (People First) principles, which is reflective of our country’s values of putting humanity central to all that we do.”

She added, “The Africa Fintech Summit, having financial inclusion at its core and enabling the underserved and underbanked population to enjoy affordable and convenient financial services via innovative technological services, is a very welcome initiative. I would like to welcome the global delegates of AFTS to beautiful South Africa and enjoy delightful conference tourism!”

Welcoming AFTS delegates to Cape Town, Wrenelle Stander, CEO of Wesgro said, “We are delighted that the Mother City has been selected to host the upcoming Africa Fintech Summit.”

“With our state-of-the-art conference facilities and strong financial industry underpinned by our vibrant tech ecosystem, Cape Town is Africa’s Tech Capital and well positioned to contribute to the success of the event. We look forward to supporting the summit and welcoming the delegates for a great South African experience,” she added.

The 7th edition of the AFTS was hosted in Washington, D.C. in April this year. The event hosted 289 people at the physical destination and 200 virtual delegates including Government representatives, entrepreneurs, Fintech Founders, Investors, DFIs, bank executives, policymakers, and corporate influencers from over 35 countries.

The African Fintech Summit (AFTS) being held in Cape Town will be largely centered on policy and regulation, tech talent, the future of banking, mobile money growth and integration, embedded fintech, blockchain, powering African fintech via venture capital, debt financing, and CVC investing, remittances, intra-Africa trade and payment infrastructure, and financial inclusion, among other topics.