Over recent years the African economy has received anunprecedented level of growth leading to substantial developments and expectations within the banking sector. It has been said that Africa’s financial services are among the continent’s fastest developing sectors. Analysts say the rate of return on foreign investment in Africa is higher than in any other developing region, with economies and middle classes growing alongside investment and business. High levels of international investment, a natural resource boom, and GDP growth has led to substantial developments and expectations in Africa’s banking sector.
In alignment with Africa’s growing banking sector and international investment interests, Oliver Kinross, the International operating business research organisation, will be hosting the African Banking Technology Summit 2015 taking place in London, 23rd – 24th February 2015. The event provides professionals within the industry the unique opportunity to discover the latest technologies and developments within the banking sector in Africa.
The summit is the only event in the world that brings large delegations of African banks to Europe to discuss the future within the industry. Opportunities will be examined for the future of retail and investment banking in Africa and will allow extensive networking opportunities with CEOs, CTOs, IT Managers, Cards & Payment Professionals and Mobile Banking Professionals from banks and telecommunication companies across Africa.
Although most Africans do not own a bank account, government officials and bankers believe the recent growth will allow many to gain access to basic banking facilities. What with the emerging middle class evolving there are predictions of further economic expansion. So the demand for investing in the continent is of interest to Europe which makes The Africa Banking Technology Summit an opportunity not to be missed. Some of the key speakers include Moody Tembo, Principal Payment System Analyst –Policy, Research and Oversight, Bank of Namibia,Josephat Mutepfa, Senior Executive National Payment Systems,Reserve Bank of Zimbabwe, Mike Ogbalu III, Head of Mobile, First Bank of Nigeria, Tobe Nnadozie, Group Head, eBank,Heritage Bank, Speaker TBC, Ministry of Economy & many more.
The event will cover categories relating to Africa’s development within banking across the continent which will be attended by hundreds of sponsored delegates from banks across Africa as well as international bank representatives, with discussions based on the next generation of technologies and services for theinternational banking and financial markets. In depth discussions on how African banks should benefit from and view the international banking system will take place. The Summit will allow attendees to gain a key insight into the future of Cards & Payments in Africa as well as the next developments for Mobile Money and an extensive insight from banks, Telcos and technology providers.
In relation to this rising economic power Nigeria has benefitted greatly from this growth through taking over South Africa to become Africa’s largest economy. According to Business Day Online “The size of Nigeria’s retail banking market has the potential to grow to about 10 million people in five years” Nigeria’s recent progression within IT has allowed the country to benefit from this recent advancement and it still continues to grow.
Oliver Kinross is pleased to partner with Nigeria Magazine in support of the African Banking Technology Summit 2014, acollaboration to strengthen and sustain Africa’s rising economic power.
For more details regarding the event please contact firstname.lastname@example.org