Prosper Africa has signed a deal with Africa Fintech Summit for the 9th edition of the latter’s conference.
Organisers of the Africa Fintech Summit made the announcement of the sponsorship deal, adding that the event would be held in Washington DC on the 12th of April 2023 at the Walter E. Washington Convention Center in Washington.
Prosper Africa is the US Government initiative to increase two-way trade and investment between the United States and African countries.
The sponsorship follows the US-Africa Leadership Summit (ALS) and the US-Africa Business Forum, both of which were held in December in Washington, D.C.
Recognizing the tremendous growth potential of Africa’s technology sector, President Joe Biden announced the launch of the White House’s Digital Transformation with Africa (DTA) initiative on December 14, and Prosper Africa announced the new Prosper Africa Tech for Trade Alliance, in partnership with the United States Agency for International Development (USAID).
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At a special session during the Africa Fintech Summit, the Prosper Africa Tech for Trade Alliance will be officially launched. This technology alliance of major American corporations aims to accelerate e-commerce and digital trade in Africa while also addressing legal, regulatory, and logistical bottlenecks across the continent.
“Africa’s digital ecosystem offers massive potential to spur economic recovery, promote opportunity, and create jobs,” said Scott Cameron, Acting Prosper Africa Coordinator. “We’re pleased to join the Africa Fintech Summit as a Gold Sponsor and partner for the upcoming 9th Summit here in Washington DC.”
Other US Government agencies will join Prosper Africa in engaging with tech innovators, founders, and ecosystem players, as well as showcasing the full suite of US Government services and resources to advance 1ntech growth and US-Africa investment.
Since launching Prosper Africa in June 2019, the US government has assisted in the completion of 1100 transactions in 49 countries totaling $G5 billion in two-way trade and investment.
According to Zekarias Amsalu, Co-Founder of AFTS and MD of Ibex Frontier expressed excitement at Proper Africa’s contribution to the event.
“It is with immense gratitude and great pleasure that we welcome Prosper Africa as our Gold Sponsor for our summit in Washington DC in April this year. We are keen to work with Prosper Africa and the initiative’s partner U.S. Government agencies to avail US’ innovation capital to the African Fintech and tech ecosystem through the various tools at hand and deepen the US-Africa tech and investment ties.”
Since its inaugural summit in 2018, the Africa Fintech Summit has grown to become the continent’s largest bi-annual financial technology gathering. AFTS will be supported by a diverse group of partners and sponsors in addition to Prosper Africa’s Gold sponsorship. The 9th edition of AFTS will focus on the US-Africa Tech Connection, Fintech regulatory best practices, diaspora banking and remittance, African Fntechs expanding globally, cross-border payment movements and use-cases for decentralised Finance (De1), Fintech funding trends, cross-border payments under the AfCFTA, and a variety of other spotlight topics.
About Prosper Africa
The White House initiative Prosper Africa aims to increase two-way trade and investment between the United States and African countries.
Prosper Africa brings together – and improves – the full suite of U.S. Government services and resources to assist companies and investors doing business in the United States and Africa.
About Africa Fintech Summit
The Africa Fintech Summit is a Dedalus Global and Ibex Frontier project that aims to highlight the innovation and entrepreneurs driving Africa’s digital transformation across a range of financial goods and services industries.
AFTS is held twice a year, once in April in Washington, D.C., to coincide with the annual World Bank conference and once in November in a different African host city.
The 9th AFTS will be hosted in Washington DC on April 12, 2023, while the 10th summit will be held in an African city to be announced soon.