3i Africa summit opens in Accra | Addison calls for increased investment in African FinTechs

The governor of the Bank of Ghana has warned that the lack of investment in Africa s FinTechs could impede the pace of innovation and stimulate the digital economic growth of its continent, including the emergence of homegrown Fintechs in the country. These are the key takeaways from a three-day summit in Accra, Acca. (). The BBC looks at how Africa is at the centre of an effort to promote digitalisation and digital economy, and how the continent is going to be able to achieve the desired impact of digitisation in developing nations, as part of what would be the first major financial initiative to develop digital technology, the BBC has learned. The chief executive has called for an investment of more than $200bn (27b) in African Fin Techs, but says it is not essential for investors and innovators to launch their efforts to boost the economic development of Africa, with the aim of boosting the globalisation of technology and the future of crypto-tech industries. Here is the full welcome remarks made by the Governor, Dr Ernest Addison, who has urged the world to invest more in digital tech technologies, to help unlock the gap between investment, investment and innovation. It has been launched at an open ceremony in Addis-a-Lago - which aims to highlight the possibility of investing in some innovative businesses and investment opportunities for the Africa banking industry, writes BBC News Arabic presenter Nana Akufo-Addo.

Source: classfmonline.com
Published on 2024-05-13