More than 1,000 financial leaders, policy makers and regulators gathered in Lomé, Togo, from November 15 to 16, 2023, for the Africa Financial Industry Summit (AFIS). This major event aims to address challenges and create a world-class financial industry.
Organized by Jeune Afrique Media Group, in partnership with the International Finance Corporation (IFC) and the Republic of Togo, AFIS has become a strategic platform for public-private dialogue aimed at transforming the African financial landscape.
During these two days of conferences, workshops and round tables, participants were able to discuss current topics such as risk management linked to currency fluctuations, the tokenization of African assets, global economic reforms and the impact of artificial intelligence in the financial sector.
AFIS 2023 placed particular emphasis on building a world-class African financial industry. The four major challenges addressed were attracting African institutional investments to local capital markets, ensuring free movement of capital and regulatory harmonization, promoting the talents essential for digital transformation, and innovation, notably in areas such as climate finance and tokenization.
This summit is of paramount importance in an unstable global economic context where Africa faces challenges such as inflation, rising interest rates and tensions in global markets. AFIS aims to be a catalyst for the continent’s economic recovery by promoting inclusive, robust and reliable finance.
The opening ceremony of the AFIS was marked by the presence of the President of the Togolese Republic, Faure Essozimna Gnassingbé, who underlined the importance of the event in the economic recovery of Africa.
AFIS participants were made up of Ministers of Economy and Finance, governors of central banks, heads of financial institutions as well as representatives of the private sector, such as bankers, insurers and stakeholders in the fintech.
Over the course of these two days, high-level personalities took part in the discussions, bringing their expertise and vision for the future of the African financial industry. They include representatives from IFC, BCEAO, Central Bank of Ethiopia, Central Bank of Angola, as well as heads of major financial institutions such as Access Bank, Ecobank and UBA .
AFIS 2023 highlighted the opportunities and challenges for creating a world-class African financial industry. This summit also strengthened collaboration between public and private sector actors, with the aim of fostering sustainable and inclusive economic growth on the continent.
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