15% discount available to AVCA Members*
African Finance after Covid: reboot, digitalise, transform
Africa’s financial industry was one of the most dynamic in the world prior to the onset of the Covid-19 pandemic. Banking income grew 11% per year on average, African fintech firms raised more than $800m in 2019. Developing capital markets, and low banking and insurance penetration rates show significant room for growth.
While recent months have shown that the impact of the economic crisis promises to be severe, with a minimum 5% decline in global wealth forecasted and an unprecedented recession – the continent’s first in 25 years – the banking sector will soon be confronted with much higher levels of risk and a likely deterioration in returns on equity.
Also faced with the acceleration of digitalisation, with some players proving to be better prepared than others, Africa’s financial industry is now forced to rethink its development trajectory in light of these new challenges.
At the first edition of The Financial Industry Summit, organised by the AFRICA CEO FORUM (Jeune Afrique Media Group), in partnership with IFC, 500 decision-makers representing the entire spectrum of the financial industry, industry champions, investors and regulators will share their vision and experience.
A wide variety of topics will be covered during panels, keynote addresses and roundtables, including how to drive digital transformation, develop financial inclusion strategies, adapt to the regulatory environment, update risk management practices during an economic crisis, understand new consumer needs and revolutionise talent management, as well as the impact of the implementation of the African Continental Free Trade Area.
The Financial Industry Summit 2021 has a clear ambition and invites participants to help achieve it: enable the industry to return to sustainable growth, boost competitiveness, embrace innovation and contribute to the continent’s economic recovery.
In partnership with the International Finance Corporation (IFC), a member of the World Bank Group, the 1st edition of the Financial Industry Summit will gather 100% online the most important African decision makers in the financial industry:
These influential players do have the following profiles: Chairman of the board, Member of the board of directors, President/CEO, Managing Director, Vice-President, Member of the executive commitee, Partner, Minister of Finances etc.
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10 - 11 March 2021
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