The East Africa’s Islamic Economy Summit 2018, planned for 24th and 25th of this month will take place in Kenya’s capital, Nairobi.
Anchored around Fintech as a driver for Islamic Economy in East Africa as well as Financial inclusion in the region, experts beyond the region are expected to make presentations that will help in designing a roadmap for the future of the region and Africa in general.
Five years back, with the support of key institutions in East Africa, GBS Africa started a conversation around Islamic Finance, Islamic Economy and East Africa’s economic development. This conversation has grown to become an annual gathering for the region where significant players in East Africa’s economy meet to set the way forward for the development of the sector, aligning deliberations to East Africa’s economic development agenda. This year’s program which has had great input from leading experts in the Islamic Economy will therefore cover Islamic Economy to define its role within the Financial sector, the emergence of Fintech, opportunities for East Africa in the Islamic digital economy which according to Ernst &Young has the potential of 150 million new customers by 2021.
Kenya, renowned not only for its Athletic might but also as the country that pioneered the mobile money technology through MPESA, continues to make efforts towards its vision to become Africa’s Financial hub. The East Africa nation which will host this year’s event joined the Islamic Financial Board last year and has indicated plans for a Sukuk Bond to finance both national and regional infrastructure projects.
Organizers say the conference will look at key factors that will impact the development of Islamic Economy in the region and call on all stakeholders to play their role in advancing Financial Inclusion in East Africa.