Breakout 1
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Saturday
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10:15 am
Aldrich 108
Ecosystem Development

Telecoms vs. Fintech Startups: The Race for Financial Innovation

In the realm of Africa's mobile money evolution spanning the last seventeen years, telecom companies initially took the lead, steering growth and diversification. Yet, the narrative is shifting with the rise of fintech startups, who are evolving beyond mobile money infrastructure to value-add services like credit, insurance, savings, and connectivity across global borders. This transition has left telecom companies struggling to keep pace, raising questions about the sustainability of their traditional business models. The pivotal query revolves around whether the market's tilt toward these incremental financial services will challenge the established order. Fintech startups, considered catalysts for this transformation, are nudging telecom companies to revamp their mobile money operations into more agile fintech entities.

Telecoms vs. Fintech Startups: The Race for Financial Innovation

In the realm of Africa's mobile money evolution spanning the last seventeen years, telecom companies initially took the lead, steering growth and diversification. Yet, the narrative is shifting with the rise of fintech startups, who are evolving beyond mobile money infrastructure to value-add services like credit, insurance, savings, and connectivity across global borders. This transition has left telecom companies struggling to keep pace, raising questions about the sustainability of their traditional business models. The pivotal query revolves around whether the market's tilt toward these incremental financial services will challenge the established order. Fintech startups, considered catalysts for this transformation, are nudging telecom companies to revamp their mobile money operations into more agile fintech entities.

America/New_York
Feb 17, 2024 10:15 AM
Aldrich 108

Other Sessions

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Keynotes
Friday
|
4:50 pm
Klarman Hall
One Africa, One Market - Repositioning Africa as the Largest Free Trade Area
Leverage the AfCFTA to enhance African global competitiveness and compete in the new global era
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One Africa, One Market - Repositioning Africa as the Largest Free Trade Area

According to the World Bank, The African Continental Free Trade Agreement (AfCFTA) is poised to make Africa the largest trade area/zone in terms of market size, creating a market of 1.3 billion people across 55 countries and a combined GDP of approx. $3.4 Trillion. Many have posited it as a game change-changer with the potential to transform African economies and significantly raise Africa’s share of global trade and investment flows and shift the direction and composition of FDI to Africa, positioning the region as an increasingly dynamic force in the international arena. How can Africa leverage the AfCFTA to enhance its global competitiveness and compete in the new global era?

Come hear industry stalwarts take center stage to unravel the intricacies of the African Continental Free Trade Agreement (AfCFTA). Against the backdrop of this historic agreement, the keynote will explore strategic visions, challenges, and opportunities presented by the AfCFTA as well as delve into the private sector's role in innovation, infrastructure development, and the imperative of collaborative efforts in repositioning Africa on the global economic stage.

America/New_York
Feb 16, 2024 4:50 PM
Klarman Hall
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Specials
Saturday
|
9:00 am
Meredith Room, Spangler Hall
Showcase
Inaugural Brand Showcase
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Showcase

The inaugural showcase will spotlight artisanal talent from across the continent via art, fashion, and cultural artifacts. Join us to engage with our phenomenal partner brands and celebrate the rich tapestry of African creativity.

America/New_York
Feb 17, 2024 9:00 AM
Meredith Room, Spangler Hall
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Breakout 2
Saturday
|
11:25 am
Aldrich 107
Innovating in ClimateTech to Drive Sustainable Development
How innovation and investment in African ClimateTech is driving sustainable growth and competitiveness
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Innovating in ClimateTech to Drive Sustainable Development

Despite Africa contributing <4% of global greenhouse gas emissions, the continent and its people will be disproportionately affected by the impact of climate change. Innovative ClimateTech solutions are supporting not just emissions mitigation in growing African economies, but also supporting climate adaptation to make African businesses and communities more climate-resilient in the face of extreme weather events and shifting climate patterns. Our panel discussion will also highlight how these solutions are paving the way for economic growth and improving living standards. Join us for a thought-provoking conversation on how innovating and investing in African ClimateTech is driving sustainable growth and competitiveness.

America/New_York
Feb 17, 2024 11:25 AM
Aldrich 107