Accra, 18 March 2024 – The Development Bank of Ghana (DBG), partnering with the Bank of Ghana (BoG) and Elevandi, an ecosystem development entity set up by the Monetary Authority of Singapore (MAS), launched the 3i Africa Summit. This global summit aims to transform Africa's economic landscape through technology, sustainability, and long-term capital allocation.
Under the theme “Unleashing Africa’s FinTech and Digital Economic Potential,” the summit is scheduled from May 13th to 15th, 2024, in Accra, Ghana.
According to Dr Ernest Addison, Governor of the Bank of Ghana, “The 3i Africa Summit is premised on innovation, investment, and impact. The Summit is designed as a platform for government, businesses, investors, regulators and thought leaders to discuss and collaborate on measures to unlock Africa’s full potential by harnessing the potential of FinTech”.
The summit will be hosted in Accra, Ghana, at the Accra International Conference Centre (AICC). The AICC serves as Ghana’s foremost conferencing facility. The 2000 capacity conference facility is situated in the business centre of Accra overlooking the parliament house of Ghana. Other notable sites in close proximity to the centre are the Black Star Square and the Kwame Nkrumah Memorial Park.
Mr Kwamina Duker, Chief Executive Officer of DBG, stated, “The Summit comes at an opportune time. Africa is on the cusp of the Fourth Industrial Revolution, and all efforts must be made to spur the entire continent to the next dispensation. The 3i Africa Summit is one of the collective efforts to revolutionise the African financial landscape and propel a tech-enabled digital economy.
The 3i Africa Summit joins a growing network of global forums like the Singapore FinTech Festival, Point Zero Forum (Switzerland), Japan FinTech Festival, and Inclusive FinTech Forum (Rwanda). This collaboration strengthens global efforts to foster dialogue on accelerating technological advancements in the financial sector and digital economy, an initiative led by our partner, Elevandi, a non-profit established by the Monetary Authority of Singapore (MAS).
"The Summit represents a vital bridge connecting the world to Africa's vibrant and flourishing Fintech ecosystems," remarks Mr Sopnendu Mohanty, Chief FinTech Officer of MAS and Chairman of the Elevandi Board. "We are thrilled to collaborate on a platform where sustainable and responsible financial sector initiatives can take root and thrive, fostering cross-continental collaboration and innovation."
The 3i Africa Summit tackles three key objectives to drive Africa's economic transformation:
- Sustainable Investment: Foster robust policies and regulations to attract long-term investors committed to creating lasting economic impact.
- Digital Transformation: Leverage the booming FinTech sector to fuel technological advancements and digital connectivity across the continent.
- MSME Empowerment: Advocate for Universal Trusted Credentials, which would grant Micro, Small, and Medium Enterprises access to financing and international markets for growth.
To achieve these goals, the Summit convenes a diverse group:
- Public Sector: Heads of state and policymakers.
- Financial Institutions: Asset managers, investment firms, insurance companies, and sovereign wealth funds.
- Impact Investors: Family offices, pension funds, and entities focused on sustainable economic development.
- FinTech and Development: Companies and institutions driving financial innovation and growth.
Special guests will be in attendance, including H.E. Nana Addo Dankwa Akufo-Addo, President of the Republic of Ghana and H.E. Wamkele Mene, General Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat, among a host of other prominent African leaders.
For more information on the 3i Africa Summit visit www.3iAfrica.com or email info@3iafrica.com
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About the Bank of Ghana (BoG)
The Bank of Ghana is the central Bank of Ghana. Responsible for formulating and implementing monetary policy. For more information on the Bank of Ghana visit bog.gov.gh
About the Development Bank Ghana (DBD)
DBG is a catalyst for economic advancement, focusing on accelerating sustainable and inclusive economic transformation in Ghana. It operates with a strategic commitment to long-term financing and de-risking services for Ghanaian businesses with funding from the World bank, African Development Bank, European Investment Bank, and Germany’s KfW.
About Elevandi
Elevandi, established by the Monetary Authority of Singapore, is a not-for-profit organisation that engages with leaders from government, businesses, academia, and civil society to foster international collaborations with our members on innovation, application and adoption of technology.
Elevandi’s initiatives have convened over 420,000 people since 2016 through events, closed-door roundtables, investor programmes, educational initiatives, and research. SFF is the organisation’s flagship product; other known platforms under its wing include the Point Zero Forum, Elevandi Insights, Japan FinTech Festival, Global Financial Infrastructure Forum, Inclusive FinTech Forum, 3i Africa Summit, Capital Meets Policy Dialogue and The Founders Peak with many more coming soon.
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