Safaricom to Sponsor the Inaugural Afro-Asia Fintech Festival with Ksh 5M

By Carlos Onyango / July 9, 2019



safaricom-sponsor-inaugural-afro-asia-fintech-fest

Safaricom has hit the airwaves again and this time, the company has announced plans to sponsor the inauguration of Afro-Asia FinTech Festival 2019- ‘Fintech in the Savannah’ with a whopping 5 million shillings.

The two-day event will be co-hosted by the Central Bank of Kenya (CBK) and Monetary Authority of Singapore (MAS).

The festival is themed “Sustainable Finance: Inclusive and green” and will be held at the Kenya School of Monetary studies on 15th and 16th July 2019. This will be the first of its kind in the region and will provide a platform for connections, collaborations and exchange of ideas between Africa and Asia and also seek to explore sustainable financial services innovations from emerging Afro-Asian Markets.

“The festival is a great platform for us as it presents opportunities to showcase the progress that Safaricom has made over the years towards financial technology as well as interact with peers in FinTech across the globe,” said Sitoyo Lopokoiyit, Chief Financial Services Officer, Safaricom.

“Two years ago, we opened up our Daraja API portal giving over 16,000 developers an opportunity to integrate their businesses with M-PESA seamlessly. This is in line with our strategy to deepen financial inclusion and give developers a chance to come up with new innovations,” said Sitoyo.

“We are indeed delighted to host such a unique event which shows where we are as an African country in the spectrum of Fintech, we are at the front. We are the pacesetters and we are not just excited about technology but the difference it is making for millions of people in Africa and billions around the world,” said Dr Patrick Njoroge, Governor, Central Bank of Kenya.

The event which seeks to bring together over 5,000 participants, policymakers, industry leaders, entrepreneurs, innovators and researchers across the world is modelled after the Singapore FinTech Festival. It will provide a platform for players to exchange ideas, forge partnerships and nurture thriving Fintech ecosystems.

Some of the topics that will be discussed include Artificial Intelligence, Big Data, Cyber Security, Technology risks, Social impacts (SME Financing, financial literacy and inclusion, Sustainable finance and spirit of innovation among other key areas in Fintech.

Kenya is one of the African countries that has grown significantly in technology and is seen as a lucrative market for FinTechs. Last year, two Kenyan companies, Cellulant and Tala, emerged among the Top 50 emerging Fintech companies in the world in the KPMG FinTech100 report.

READ ALSO: Growing interest in FinTech saw some notable deals closed in H’1 2019 





More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (252)
  • July 2019 (151)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (206)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (249)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (170)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950