The 9th Africa Fintech Summit to Spotlight US-Africa Tech Connection, Fintech Regulatory Best Practices

Members in a past AFTS event, image courtey of Movemeback

The 9th edition of the Africa Fintech Summit (AFTS) is scheduled to take place in Washington DC, USA, on April 12, 2023, and will bring together key stakeholders including Regulators, Policy Makers, Financial and Technology Industry Executives, Fintech Founders, leading innovators, investors, and Government representatives from around the world.

The event will be held at the Walter E. Washington Convention Centre, which previously hosted the US-Africa Leaders Summit in December 2022.

The summit is a premier global initiative focused on promoting the growth of financial technology in Africa, with participants representing over $4.5bn in private equity and venture capital funding.

It provides a unique platform for stakeholders to share knowledge, explore emerging trends and opportunities, and shape the future of fintech in Africa.

The bi-annual summit takes place every April in Washington, D.C., alongside the World Bank/IMF Spring Meetings, and every November in a different African city.

Recent host cities include Cape Town (2022), Cairo (2021), Virtual (2020), Addis (2019), and Lagos (2018).

The show is supported by a range of influential fintech firms, such as Flutterwave, Mojaloop Foundation, FonBank, Paxful, and more.

Now, in the latest development, Prosper Africa, the U.S. government’s initiative to promote two-way trade and investment between the U.S. and African nations, has been named a Gold Sponsor for the 2023 Africa Fintech Summit.

US President Joe Biden had previously mentioned that he had recognized the growth potential of Africa’s technology sector and launched the Digital Transformation with Africa (DTA) initiative to improve digital access and literacy across the continent.

Prosper Africa has partnered with the U.S. Agency for International Development (USAID) to establish the Prosper Africa Tech for Trade Alliance, which was announced during the Business Forum on December 14.

The upcoming summit will focus on several areas, such as the connection between the US and Africa in terms of technology, the best regulatory practices for fintech, diaspora banking, and remittance, the global expansion of African fintech, the movement of cross-border payments and examples of decentralized finance (Defi) use-cases, fintech funding trends, cross-border payments in relation to the African Continental Free Trade Area (AfCFTA), and a range of other topics of interest.