The theme selection is in line with the extraordinary development of African financial systems over the past twenty years, in the wake of the digital revolution that has irradiated the continent since then, generating with it a real financial revolution.
As much as Africa has made a technological leap by going from the virtual absence of fixed telephony to the mobile telephone revolution, it is in fact on the way to achieving another, that of the deficit of banking institutions and their absence in rural areas, to online banking across the continent.
From repression to financial liberalization
Still under both the heavy-handed control by public banking institutions and restrictive regulation during the 1980s that materialized through the repression of microfinance and informal finance, African financial systems were transformed by a wave of financial liberalization, improvements in the regulatory and institutional level and by globalization.
Now the goal consists in mobilizing domestic financial resources as much as possible, by articulating formal, semi-formal and informal finance in the best possible way in order to stimulate Africa’s development. Since then, most countries on the continent have increasingly developed and stable financial systems.
Africa is also a pioneer, on a global scale, in terms of expanding financial systems, and is now a true universal laboratory for studies on financial inclusion.The inexorable development of financial technologies (fintech) is accelerating this process of inclusion and opening the way to countless investment and development opportunities for Africa.