"My Takes" by Fatima Al Ansar

Africa is in the midst of a digital revolution: approximately 473 million Africans are online, and an additional 300 million will likely join them by 2025. Average download speeds in Africa doubled between 2015 and 2019, while data costs halved. Underpinning this growth is the installation of digital infrastructure (fiber optics, data centers, and more) serving the continent. In this panel, we will hear from the folks building that infrastructure. We will understand the history, opportunities, and challenges in this sector.

There continues to be a significant gap across the African continent with regards to increasing access to high quality and affordable healthcare. Brick and mortar healthcare solutions continue to play a major role in improving access to care, accelerated by the push toward Universal Healthcare Coverage. Technology has demonstrated the ability to strengthen health systems, leveraging existing platforms to increase access. These innovative strategies such as digital health are needed to ensure long term success in the continent. However, their successful deployment on a wider scale faces several challenges on the continent. We will be discussing the opportunities, the risks and myths associated with digital health transformation and the successes achieved to-date.

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?