GITEX Africa 2024
Prominent Platform for Uganda’s Fintech Growth
Innovative technologies and promising partnerships for Uganda’s thriving Fintech Landscape
Dubai, UAE: GITEX Africa, the continent’s premier Tech and Start-up event, is set to energize Marrakesh with ground-breaking Fintech innovations and transformative digital solutions from 29th until 31st May 2024. The second edition of the blockbuster event presents an unparalleled opportunity for Uganda’s burgeoning digital finance scene to shine on the African stage. It offers ample room to augment growing Fintech practices with promising partnerships and leading technology that stimulates economic growth.
Uganda’s digital finance sector holds immense potential. The country’s commitment to digital inclusion, coupled with the opportunities presented by events like GITEX Africa 2024, positions Uganda to take a leading role in Africa’s digital finance revolution. As the continent works towards reducing its unbanked population, Uganda has the potential to be a frontrunner.
The Rise of Fintech in Uganda: A Multifaceted Transformation
The Ugandan Fintech market is a dynamic force of change, with digital payments, digital investments, digital fundraising, digital assets, and Neobanking at the forefront of this financial revolution. Fuelled with a positive regulatory environment and a slew of promising start-ups, consumers are embracing the ease and speed of mobile payment solutions for everyday transactions. A recent IMF study released in November 2023 indicates that about 53% of Ugandan adults used mobile money services in the past 12 months.
Digital investment has also undergone a transformation, with digital platforms offering intuitive and low-cost ways for individuals to manage their portfolios and build wealth, opening up financial markets that were once less accessible. Similarly, digital capital raising has become a lifeline for small to medium-sized enterprises and start-ups. It provides an efficient and often global avenue to secure funding, streamlining a process that could be cumbersome in the traditional financial world. Additionally, the rise of digital assets, such as cryptocurrencies and NFTs, has introduced a ground-breaking new dimension to investing and trading. More importantly, Neobanks, with their digital-native approach, are shaking up the banking industry, offering innovative and customer-centric services that resonate with a generation that expects technology to be seamlessly integrated into their lives.
Several factors propel Fintech growth in Uganda. The Bank of Uganda has implemented favourable regulations, including a National Payment Systems Act (2020), to support the growth of the sector. Add to that the near-universal adoption of smartphones, the COVID-19 pandemic’s acceleration of contactless solutions, a regulatory environment increasingly open to innovation, and continued advancements in technologies like AI and blockchain. This confluence of forces suggests that the Fintech market’s disruptive influence is far from over. Expect further growth and evolution as companies continually seek to meet the needs of consumers hungry for financial solutions that are convenient, personalized, and empowered by cutting-edge technology.
Unlocking Uganda’s Fintech Potential at GITEX Africa 2024
The continent’s premier tech and start-up event offers access to the latest disruptive Fintech technologies, such as AI, cloud computing, cybersecurity, and telecommunications. Discover tailored Fintech solutions to optimize your business processes and address unique challenges. Connect with industry leaders, academic personnel, and research institutes from across Africa. Build partnerships, promote knowledge exchange, and collaborate with the Fintech community. Attend insightful conferences, workshops, and expert panels to stay ahead of emerging financial technology trends and understand their implications for Uganda’s industries.
Importantly, GITEX Africa 2024 welcomes Ugandan policymakers and government officials to engage in vital dialogues about creating a conducive Fintech regulatory environment for tech innovation. The latest edition of the Tech and Start-up event beams with a thriving startup ecosystem, and provides a fertile ground rife with lucrative opportunities for startups, venture capitalists, and investors. It offers a platform to explore funding opportunities that fuel innovation and drive economic growth.
Be Part of the Solution: Join us at GITEX Africa 2024
Uganda’s Minister of Science, Technology, and Innovation, Monica Musenero Masanza, is set to attend the event. Other potential attendees from Uganda include exhibitors, start-ups, and speakers, as well as agriculture and health experts. Additionally, government officials and policymakers are expected to be present, alongside business leaders, executives, media, and academic personnel.
Be part of the pitch competition, Morocco 100, and the Supernova Challenge. Do not miss the exclusive programs, executive ministerial briefings, Council of African ICT Agencies (CAITA), training sessions, and more.
Participate in shaping Uganda’s digital finance future and propel your business to new heights. Be part of this rewarding journey.
More information is available at www.gitexafrica.com.
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About GITEX Africa
GITEX Africa is the largest and most influential tech and start-up event on the African continent, taking place from 29-31 May 2024 in Marrakech, Morocco. The 2nd landmark edition returns to the Red City, hosted by the Digital Development Agency (ADD), under the authority of the Moroccan Ministry of Digital Transition and Administration Reform. Held under the High Patronage of His Majesty King Mohammed VI of the Kingdom of Morocco, GITEX Africa’s expansion in 2024 is amplified by the debut of the co-located World Future Health Africa, accelerating the continent’s ascending tech-fueled digital health revolution. The blockbuster duo is organised by KAOUN International, the overseas affiliate of Dubai World Trade Centre (DWTC), which organises GITEX GLOBAL in the UAE, the world’s largest and most trusted tech and start-up event.