AFIS 2022: Stimulating dialogue to build a robust financial industry for sustainable development in Africa

On Monday, 28th of November, 2022, over 800 African finance leaders, bankers, insurers, regulators, central bank governors, public policymakers, innovators, fintech founders, and journalists converged in Lome, Togo, for the African Financial Industry Summit. The goal was to discuss and develop solutions to expedite the continent’s economic recovery in the face of the ongoing global economic crises through the development of a competitive, innovative, inclusive, and sustainable financial industry. The two days event which was held at the Hôtel 2-Février is sponsored by Jeune Afrique Media Group and the International Finance Corporation.

In 2020, the world experienced an unprecedented pandemic, but Africa was one of the most affected continents. This is because, unlike wealthier nations, the continent had no wherewithal to curtail the economic shock. Interestingly, following a 2.1% Covid-19-induced economic shrink in 2020, the African economy showed its resilience in 2021. However, there came another economically disruptive event – the Russian-Ukraine war. There is no other time than now for the continent to realise its true potential to get back on the pathway to growth in an inclusive and sustainable manner. Hence the need for the summit.


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