By Ngozi Onyeakusi—Following its norm and convention of promoting and supporting the growth of brands on the continent of Africa, the African Brands, one of the foremost brands publication in Africa, has announced its readiness to hold the fifth edition of Africa Financial Technology Congress (AFTC 2024).

The event with the theme: ‘Harnessing The Power of Fintech to Accelerate Financial Inclusion in Emerging Market” is scheduled to take place on the 31st of July, 2024 at the prestigious Civic Center, Victoria Island, Lagos State from 8am.

Speaking on this development, the organisers of the event, in a statement made available to newsmen recently in Lagos, stressed that, the African Fintech space has recorded growth over the past decade, noting that, there are currently 1400 active Fintech Brands across the continent.

According to the statement, “major drivers of the growth in the Fintech Ecosystem include favorable demographic, high level of mobile phone access and Africa’s generally poor level of internet financial inclusion.”

“Over the last 15 years, Africa’s development outlook has improved significantly with Digital Technology Growth driven primarily by Fintech revolution. It is against this background that the African Financial Technology Congress 2024 was created to continue to share more insight on the progress of Africa’s Fintech Revolution.” The statement said.

The statement further pointed out that, “the Congress will bring together senior representatives from Banks, Government, Investors, FIS, Card providers, Payment Services Platforms, Blockchain Executive and Solutions Providers to brainstorm solution to the industry’s key challenges and opportunities.”

The Africa Financial Technology (AFTC 2024) will also feature award ceremony to honour outstanding Fintech brands that have exceptionally done well by way of their deliverables.

Also, the organisers noted that, “AFTC is founded on the idea that Fintech can unleash unpresented economic growth in Africa but more collaboration ecosystem for stakeholders is needed.”