Organizers of the Africa Fintech Festival have unveiled innovators and executives that will speak at one of the most sought-after financial technology gatherings on the continent.
It is a 2-day fete that will be hosted On Tuesday and Wednesday of next week, Nov. 5 & 6, at the Kampala Serena Hotel Conference Center.
The festival website shows that the forty-three senior people from some of Africa’s most powerful financial institutions and notable figures in the startup ecosystem will speak at the conference.
Prof. Ndubuisi Ekekwe, whose outstanding works include co-designing a generation accelerometer for the iPhone, will deliver a keynote address.
In a statement announcing the development, Prof. Ekekwe said that he “will be speaking on a topic I have titled ‘Fintech – Africa’s New Growth Operating System’”.
“This keynote will examine the evolution of financial services and how financial services have reshaped kingdoms and empires, from the barter system through cowry to paper, and now the digitals!” he posted on his blog Tekedia.com.
“Yes, if supply chain powers commerce and industry, financial services drive supply chain because in the central nervous system of any economy, financial services are components of the bloodstream.”
The theme of the 2019 Africa Fintech Festival is the Role of Fintechs in Africa’s Digital Economy.
The event is expected to attract representatives from over 25 African nations – from regulators, policy-makers, Fintechs, investors, banks (traditional, digital and neo ) and more to discuss the aforementioned theme.
The Financial Technology Service Providers Association of Uganda (FITSPA) and Financial Sector Deepening Uganda (FSDU) are the organisers of the festival.
Some of the executives on the list of speakers are Rashmi Pillai, the executive director of FSD Uganda; Jackie Ochola, country manager of Andela; Herbert Olowo, Chief Information Officer of Stanbic Bank Uganda. (You can see the full list here.)
The 2018 Africa Fintech Festival was hosted by Nigeria on December 4 & 5 at the Landmark Event Center, Victoria Island in Lagos.
Allan Rwakatungu, founder & CEO of Xente, a Ugandan payments company spoke at the event.
Other speakers included Patrick Akinwuntan, the CEO of Ecobank Nigeria; Dr. Akinwumi A. Adesina, the president of African Development Bank Group, Nigeria; and Kobi Bendelak, the CEO of Insurtech, Israel.
According to officials, the Africa FinTech Festival was started to “present an opportunity to address the future of Fintech, especially in the African context.”
It is a two-day event at which African innovators showcase how they are using indigenous creativity to address peculiar African challenges.
In an earlier interview with this reporter, Muddu said the event will see Ugandan fintechs and other startups get exposed to the rest of the world, local innovators will get an opportunity to interact with investors and top-tier entrepreneurs from across Africa.
Muddu added that it will give the fintech ecosystem in Uganda an opportunity to build more partnerships with different players across Africa.
The financial technology sector is one of the most promising sectors in the African startup ecosystem.
Of the 93 investment deals made in Africa in 2018, fintechs accounted for 40% of total funding raised and also accounted for five of the top ten largest deals.