BY Rosemond Akuorkor Adjetey

President Nana Addo Dankwa Akufo-Addo has urged African governments to align their policies and regulatory frameworks to create an environment conducive to innovation while protecting the rights and interests of consumers.

 Addressing delegates at the 3i Africa Summit, the President disclosed the three-year Africa summit as a testament to Africa’s collective commitment to shaping a future where finance and technology converge to drive inclusive economic growth and sustainable development.

He said “I urge all of us gathered here, the governments of Africa, to align our policies and regulatory frameworks to create an environment that matches innovation, whilst protecting the rights and interests of consumers. Prioritizing investment in digital infrastructure, channeling resources to the communities that have been left behind by the march of progress, and bridging the digital divide that threatens to leave many Africans on the sidelines of the global economy are exceptionally important and crucial.”

The President further explained that fintech regulatory environment has become a hotbed of innovation and competition, attracting the best and brightest minds from across the continent and beyond.

According to him, “our digital lending platforms have dispersed billions of CDs in loads of micro, small, medium enterprises, fueling job creation, economic growth, and the rise of a vibrant and dynamic entrepreneurial ecosystem.”

President Akufo Addo urged African leaders to equip the youth with skills that they need in the digital age, describing them as the heartbeat of the continent and the engine of prosperity.

“As we look to the future, we should recognize that the success of our vision rests on the shoulders of our youth, the heartbeat of our continent, and the engine of our shared prosperity. So let us equip them with the portable, versatile skills they need to find in the digital age, providing them with the tools and knowledge to navigate the rapidly evolving landscape of work and opportunity.”