Africa’s Weekly Fintech Review – AFTSDC Special Edition

April 22nd, 2024
What took place in DC?



AFTSDC2024 @ the WB/IMF Spring Meeting was the 17th of April, 2024 at Halcyon in Washington DC with 186 in-person attendees from 18 countries represented representing 156 organizations with many more virtual attendees across the globe.

The summit brought key stakeholders of the Tech for Trade Alliance that was launched last year at the 9th Africa Fintech Summit along with investors and Fintech founders. 

AFTSDC2024 hosted 3 Keynote Speakers, 1 fireside chat, 3 panels and a new venture pitch competition with 5 early stage startups!

The Road to Nairobi is heating up and we are excited for the largest Africa Fintech Summit yet coming this September 4-6, 2024 to Nairobi’s brand-new JW Marriott.

See you in NBO!

A few key highlights from AFTS…

AFTS Managing Director, Zekarias Amsalu, welcomed delegates to AFTSDC2024 and to Halcyon House in Historic Georgetown district of Washington, DC. In his remarks, Mr. Amsalu reiterated AFTS’ 2024 theme of, “Fintech in Every Industry.” 

Sarah Morgenthau, the Special Representative for the Office of Commercial and Business Affairs at the US Department of State gave the opening keynote at AFTSDC2024. 

The plenary session “One Year on – Prosper Africa’s Tech for Trade Alliance impact in Africa – Fire Side chat by Prosper Africa” brought Prosper Africa and 3 Tech For Trade Alliance members – Mastercard, Intel & Flutterwave – briefing delegates on what activities alliance members are undertaking in Africa!

Paul Fekete, USAID’s Senior International Trade Advisor for the Center for Economics and Market Development discussed USAID’s work in supporting American startups and corporates operating across Africa. 

“US Innovation Capital Powering Inclusive African Fintech” panel by seasoned investors and Founders from IFC, Achebe Capital and Fonbnk that provided the why and hows of investing in Africa’s erupting Fintech ecosystem.

Rami Amin, Visa’s Director of Innovation and Global Insights spoke at AFTSDC2024 touching on how Visa is working collaboratively as part of Prosper Africa’s Tech for Trade Alliance to enable startups and financial institutions across Africa to change how they do business. 

The Fire side chat entitled “Africa and the Public Market – Why Optimism?”  brought Chuba Ezenwa, Bank of America’s Managing Director, Investment Banking Sub-Saharan Africa speaking about the current state of affairs of public market’s pulse of Africa’s sovereign and debt capital as well as outlook of Africa’s IPOs.

“Fintech’s Role on Climate Solutions” brought thought leaders in the green bond and climate solutions in Africa and beyond together: Nuru Mugambi, Inclusive Sustainable Finance Advisor to the Sustainable Banking and Finance Network (SBFN) and Dr. Nelly Ramírez Moncad, Senior Climate Ecosystem and Innovative Architect at BFA Global.

The flagship of AFTS – our New Venture Pitch Competition was the final part of AFTSDC2024 and Five promising startups took to the stage to pitch their solutions to delegates and judges! Compliance startup Regfyl finished in first place, while Bunce, a customer engagement platform, and Sobridge, a vehicle financing solution, came in second and third, respectively.

Following the conclusion of the summit, delegates gathered for a networking happy hour. Discussions of US-Africa fintech and banking collaboration, fundraising pitches, and partnership negotiations filled the Halcyon courtyard. 

AFTS is coming to Nairobi this September 4-6, 2024
After hosting AFTS in Washington, DC, Lagos, Addis Ababa, Cairo, Cape Town, & Lusaka, AFTS is excited to be heading to the Silicon Savannah for its 11th edition. 

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Thank you to all of our partners who helped make AFTSDC2024 a success!

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