Breakout 2
Saturday
|
11:25 am
Aldrich 109

Financial Inclusion

According to the World Bank “Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs, delivered in a responsible and sustainable way”. Current estimates show about ~55% of Africa’s population is unbanked and ~40% are living in poverty. Fortunately, novel financial technologies and innovative banking systems have begun to revolutionize this dynamic in recent times. This panel will explore three main themes: 1) What does financial inclusion mean in Africa, who exactly has been excluded historically and why is it important to bring them in? 2) What is the responsibility of industry participants to drive financial inclusion and help lift the continent out of poverty? 3) What does the future of Financial Inclusion in Africa look like?

Financial Inclusion

According to the World Bank “Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs, delivered in a responsible and sustainable way”. Current estimates show about ~55% of Africa’s population is unbanked and ~40% are living in poverty. Fortunately, novel financial technologies and innovative banking systems have begun to revolutionize this dynamic in recent times. This panel will explore three main themes: 1) What does financial inclusion mean in Africa, who exactly has been excluded historically and why is it important to bring them in? 2) What is the responsibility of industry participants to drive financial inclusion and help lift the continent out of poverty? 3) What does the future of Financial Inclusion in Africa look like?

America/New_York
Mar 25, 2023 11:25 AM
Aldrich 109

Other Sessions

More Info
Specials
Friday
|
10:00 pm
Chinatown Country Club
Afrolituation x World Afrika Party sponsored by Amplify Africa
Sounds by Spinall, SuperSmashBroz, KingCollins and $25 for Conference Attendees All Night
More Info

Afrolituation x World Afrika Party sponsored by Amplify Africa

10PM-2AM
Chinatown Country Club
9a Tyler Street, 3rd Floor
Boston, MA 02111
$25 for conference attendees until 12:30AM

https://www.eventbrite.com/e/afrolituation-x-world-afrika-tickets-579664350677

America/New_York
Mar 24, 2023 10:00 PM
Chinatown Country Club
More Info
Breakout 3
Saturday
|
3:45 pm
Aldrich 108
Entrepreneurship through Acquisition
Unlocking Value and Powering African SMEs through Acquisition Entrepreneurship
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Entrepreneurship through Acquisition

Although Entrepreneurship through Acquisition (ETA)— where entrepreneurs search for and acquire small, stable, cash-flow positive businesses with the intention to grow them over time—is becoming more popular, few “search funds” have been established in Africa. Indeed, there has been limited data to support the case for investing in African search funds and the benefits of this novel asset class. Still, ETA remains uniquely positioned to unlock value, find new talent, and accelerate the growth and development of SMEs—particularly family businesses—across the continent. This panel will focus on three key questions: (1) What makes Africa ripe for the growth of search funds? (2) How can the North American search fund model function on the continent? (3) What are the dynamics of operating and growing businesses under this model?

America/New_York
Mar 25, 2023 3:45 PM
Aldrich 108
More Info
Breakout 1
Saturday
|
10:15 am
Aldrich 112
The Creative Economy
Harnessing the Potential of Africa’s Creative Talent
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The Creative Economy

Broad and powerful, the creative industry in Africa holds great promise and spans multiple sectors including film, art, fashion, music, social media content creation, among others. This panel will engage different actors across the value chain on how to break down the barriers that are holding back the industry from achieving its full potential. In this discussion, we will cover the tailwinds that have supported the growth of African creative content so far, how to further increase access to financing for creative entrepreneurs, how to formalize the industry to better realize the economic benefits of its output, how to boost investment in the physical and digital infrastructure that support the creative economy, how to better leverage global digital platforms to distribute creative products more effectively and finally government policies needed to support the overall development of the industry.

America/New_York
Mar 25, 2023 10:15 AM
Aldrich 112