By Jibril Abdul Mumuni
Accra, March 7, GNA – Ghana has been selected to host the prestigious Africa FinTech Summit in 2025, a significant event that brings together visionaries, entrepreneurs, and decision-makers to shape the future of financial technology (FinTech) on the continent.
The event, scheduled from 8-10 October in Accra, comes amid remarkable growth in Africa’s FinTech sector, which continues to attract significant investment, despite global economic challenges.
The summit, founded in 2017 with the mission to strengthen Africa’s emerging FinTech industry, has previously been held in major cities such as Lagos, Addis Ababa, Cairo, Washington, D.C., Cape Town, Lusaka, and Nairobi, as well as virtually during the pandemic.
In 2024, Africa’s tech ecosystem secured $3.2 billion in venture capital funding, marking a seven per cent decline from the previous year but showing resilience compared to the steep 46 per cent drop experienced in 2023.
Ghana, in particular, has emerged as a bright spot, recording a 26 per cent increase in funding, the only country among Africa’s top five tech destinations to achieve growth.
The Africa FinTech Summit’s choice of Ghana as its 2025 host reflects the country’s rising prominence in the sector.
The country reclaimed its position as the fifth-largest destination for tech funding in Africa, overtaking Morocco, which had briefly taken the spot in 2023.
Key deals in Ghana such as the $30-million investment in FIDO, a leading lending-focused FinTech company, underscore the country’s potential to drive innovation and attract investor confidence.
While FinTech remains the dominant focus across Africa, particularly in payments, Ghana and other nations are increasingly exploring opportunities in agri-tech, clean tech, and artificial intelligence (AI).
Kenya, the continent’s top destination for tech funding, has set an example by diversifying its investments beyond FinTech, with significant funding flowing into agri-tech and clean technology.
This diversification is seen as a model for other African countries to emulate as they seek to unlock new growth areas.
The Summit will provide a platform for stakeholders to address these challenges while exploring opportunities for collaboration and innovation.
With AI emerging as a global investment priority, African nations, including Ghana, are urged to focus on data readiness and cybersecurity to harness the potential of AI-driven solutions.
As Accra prepares to welcome the continent’s FinTech leaders, the summit is expected to catalyse further growth in the sector, positioning the country and Africa as a hub for financial technology innovation.
The event will not only celebrate the achievements of the past but also chart a course for a more inclusive and sustainable digital future for Africa.
GNA