Kenya will play host to the first ever African Digital Finance Summit (ADFS) that aims spearhead the conversation of re-defining value exchange for Africans and encouraging them to leverage on decentralized Finance in their businesses and everyday transactions.
The event which is scheduled for mid-February is organized by Glass House PR with the theme “Decentralized finance; our pathway to financial freedom”, and will bring together governments, central banks across Africa, startups, professionals and decision makers across the world in the financial, economic, technology and block chain industry to deliberate and forge a pathway towards the future of finance in Africa.
Speaking about the importance of Africa being at the fore front in the digital revolution, Glass House PR LTD’s CEO, Mary Njoki said that Africa’s rapid adaptation of digital solutions places the continent at the center of the digital finance discussion.
“The digital space has decentralized so many services that can be accessed from anywhere and this is no different from the financial services. It means that from the comfort of our homes, and with the tap of a button, we can make transactions across the globe. As Africa arises, the continent is rapidly growing as a consumer of the digital economy and it is time to bring the discussion to the continent,” said Njoki.
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Njoki added that that the climax will be the launch of an online platform that will create block chain and decentralized finance entrepreneurial opportunities for the youth in Africa.
The coronavirus global health crisis has shaken the different systems globally but has also has created an opportunity for economic transformation, demonstrating immediate benefits of financial inclusion. Governments across the region need to support digital finance in order to create a conducive ecosystem for economic growth.
The ADFS will comprehensively address issues affecting financial technologies innovations in Africa, policies and legislations that will guarantee a sustainable conducive environment for the uptake of these technologies as well as the empowerment of current and successive generations, implementation of blockchain and related technologies across Africa, the future of Finance in Africa as well as how African governments and private sector can leverage on the convergence of various transformational technologies in order to positively chart the trajectory of the socio economic growth on the African continent.
The event further seeks to ensure small businesses in Africa leverage on decentralized finance and take advantage of opportunities presented by the African Continental Free Trade Area which came into force on 1st January 2021.