Press Release : IFC and the Ethiopian Capital Market Authority Partner to Increase Local-Currency Financing in Ethiopia
Lome, Togo, November 15, 2023—IFC and the Ethiopian Capital Market Authority (ECMA) today announced a program to support the growth of the country’s domestic capital markets and increase access to local currency finance. Under the four-year Ethiopia Capital Market Development Project, IFC will work with ECMA and other key stakeholders to develop capital market regulations, […]
PRESS RELEASE : AFIS AWARDS 2023
AFIS Awards: The competition that highlights innovation and financial excellence in Africa. Lomé, 16 November 2023 – The Africa Financial Industry Summit, AFIS, has unveiled the winners of the 2nd edition of the AFIS Awards. Since 2022, this prestigious award has been honoring five companies, leaders, and governors for their remarkable impact on financial growth […]
COMMUNIQUÉ DE PRESSE : AFIS AWARDS 2023
Lomé, le 16 novembre 2023 – L’Africa Financial Industry Summit-AFIS a dévoilé les lauréats de la 2ème édition des AFIS Awards. Depuis 2022, ce prix prestigieux honore entreprises et dirigeants pour leur impact remarquable sur la croissance financière en Afrique. Composé de 25 professionnels et experts du secteur, les jurys ont sélectionné 1 lauréat dans […]
AI, mobile and cyber risks: The new horizons for African insurance
Local African insurers have new avenues to increase the continent’s low insurance penetration through mobile channels and insurtech partnerships, while also developing products for mitigating cyber and climate risks, according to Jubilee Insurance, Naked Insurance and AfricaRe at a recent webinar. By Oliver Nieburg Africa’s insurance industry is worth around $68bn in gross written premiums, […]
African Financial Industry Barometer
The second edition of the Africa Financial Industry Barometer, developed in partnership with the Africa Financial Industry Summit, has just been released by Deloitte and its partner Jeune Afrique Media Group. The survey which was conducted in September 2022 provides an overview of the challenges and opportunities of the industry’s transformation through thirty questions raised […]
Alternative data: A saving grace for African financial inclusion but a ‘perfect storm’ without controls
Mobile phone data has the potential to unlock credit and other financial services, boosting financial inclusion. But its use must be subject to careful consideration, according to participants in a webinar organised by AFIS. By Oliver Nieburg Mobile money has been instrumental in reaching the unbanked, particularly in East Africa with financial inclusion in Kenya […]
Microfinance in Africa shines through inflation’s shadow
Rampant though receding inflation and central bank interest rate hikes continue to impact African nations struggling to emerge from the COVID-19 economic slump. But many of the continent’s microfinance institutions and fintechs are still seeing micro, small and medium enterprises (MSMEs) seeking credit to expand with limited uptick in non-performing loans. By Shane Starling Sector […]
Digital currency innovations in Africa: What should policy makers take into consideration?
As Sub-Saharan Africa leapfrogs into the digital age with digital currencies, economists from the International Monetary Fund (IMF) weigh up the risks and opportunities of different types of digital payment instruments. By Habtamu Fuje, Saad Quayyum, and Tebo Molosiwa Policymakers in sub-Saharan Africa are looking to improve financial inclusion and efficiency of payments through digital […]
PRESS RELEASE : CLOSING PANEL AFIS 2022
AFIS 2022 CONCLUDES WITH A COMMITMENT TO THEIMPACT AND IMPLEMENTATION OF AN AMBITIOUS AGENDA FOR AFRICAN FINANCIAL SOVEREIGNTY Lomé, November 30, 2022-In the presence of many leading figures of the African financial community, the closing ceremony marked the end of the 2022 edition of the AFRICA FINANCIAL INDUSTRY SUMMIT -AFIS. Bringing together in Lomé more […]
PRESS RELEASE : AFIS AWARDS 2022
THE AFIS AWARDS 2022 REWARDED THE FIGURES OF AFRICAN FINANCIAL SECTOR’S GROWTH For the first time, companies and leaders who have strongly contributed to the growth of the African financial sector were rewarded at the AFIS AWARDS 2022, organized in partnership with Mazars. Lomé, Togo, November 28, 2022 – For its first physical edition, the […]