“Morocco has become a pioneer not only at the continental level but also globally, thanks to its technological progress,” Awori remarked during a panel discussion held as part of the Africa Financial Summit (AFIS-2024).
On another note, Awori highlighted that between 600 and 800 million Africans lack access to electricity, emphasizing the urgent need to democratize this access as a fundamental condition for the continent to fully leverage emerging technologies like artificial intelligence and analytical tools.
According to him, solar and wind energy, as future solutions, could reach the most remote areas, which is why banks aim to work closely with governments to address this challenge.
Furthermore, he expressed his belief that mobilizing African financial institutions will help raise the necessary capital to transform the future of African citizens and, by extension, the world.
For his part, the CEO of the African Guarantee Fund Group, Jules Ngankam, noted that one of the primary challenges for the continent lies in capital mobilization, emphasizing the importance of considering the “3Rs”: risk, return, and resilience.
In this context, he discussed the volatile risks inherent in financial systems, particularly for investors, highlighting the critical role of appropriate regulation in mitigating these risks and encouraging capital flows to Africa.
This edition, held for the first time in Morocco, brings together private sector leaders and government representatives to discuss strategies for making African finance a driver of development, economic growth, and resilience.
Comments
0