Latest news

Fintech’s Role in US-Africa Trade: Fidelity Bank’s Spotlight


Fidelity Bank Plc is set to spotlight the role of Fintech in fostering US-Africa trade.

According to a statement from the bank, it will be hosting a high-profile panel session titled ‘Digital Railroads: Powering U.S.–Africa Commerce Through Fintech’ at the upcoming Fidelity Nigeria International Trade and Creative Connect in Atlanta, USA.

The session will explore how fintech is reshaping cross-border trade by enabling seamless payments, improving access to finance, and driving financial inclusion across Africa and the diaspora.

The panel will bring together some of the brightest minds in digital finance, including former Deputy Governor of the Central Bank of Nigeria, Aisha Ahmad; Founder of Payaza Africa, Seyi Ebenezer; and Founder/Chief Executive Officer of Sawport, Charles Oligbo.

Speaking ahead of the session, Divisional Head, Agric. and Exports, Fidelity Bank Plc, Isaiah Ndukwe, highlighted fintech’s unique role in unlocking Africa’s trade potential:“The African Continental Free Trade Area is projected to boost intra-African trade by more than 50 per cent by 2030.

But challenges like fragmented payment systems, currency conversion, and limited trade finance continue to hold businesses back.

“Fintechs are uniquely positioned to address these gaps, enabling real-time, low-cost cross-border payments, offering alternative financing for SMEs, creating digital identities for exporters, and facilitating diaspora remittances and investments. This is why we’re putting fintech at the heart of discussions at FNITCC Atlanta.”

Hosted in partnership with AFRICON, the premier global gathering of African innovators and changemakers, it is expected to attract over 3,000 participants, including investors, trade agencies, exporters, and diaspora professionals, with projected trade and investment deals of more than $400m.

According to the African Development Bank, Africa’s fintech revenues are projected to hit $30bn by 2025, a clear sign that digital finance is not just powering transactions but also rewriting the future of trade.

Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...