Djibouti Fintech Forum: Bridging Finance and Technology to Shape the Future of Djibouti’s Economy
Djibouti Fintech Forum is the largest gathering of Fintech stakeholders, serving as an inclusive platform to exchange on the latest trends, address challenges, generate opportunities and launch actions aimed at developing the Fintech ecosystem in Djibouti. By the Editorial Team
The Djibouti Fintech Forum, an unmissable event for Fintech stakeholders, is once again shaping up to be a major event. From June 18 to 20, 2024, the second edition of this flagship initiative of Djibouti’s tech ecosystem brings together innovative minds, public decision-makers, representatives from the telecommunications sector, banks, entrepreneurs, and above all, the dynamic youth of Djibouti. The objective? To build a dynamic ecosystem where finance and technology meet to shape the economic future of Djibouti.
An Event with Multiple Objectives
The Fintech sector in Djibouti, although rapidly growing, faces several challenges, including low financial inclusion, the absence of decentralized payment systems and open banking solutions, challenges related to cross-border payments, the need for appropriate regulations, and much more. The Djibouti Fintech Forum aims to address these issues by creating a platform for dialogue and innovation.
Reaching isolated communities and facilitating their financial inclusion
This event plays a key role in accelerating Djibouti’s economic development. By bringing together various stakeholders, it promotes knowledge sharing, the establishment of strategic partnerships, the development of solutions, and new business opportunities in Djibouti. The expected outcomes include improved financial inclusion, technological advancements, job creation, and increased investment in this sector.
A catalyst for change
Fintech, represented by players such as D-Money or Waafi, is positioning itself as a tangible response to financial exclusion. This initiative is part of a broader approach to social inclusion, enabling all citizens, including those excluded from the traditional banking system, to access modern financial services.
“Thanks to Djibouti Money, we have been able to reach isolated communities and facilitate their financial inclusion,” emphasized Mohamed Assoweh Bouh, CEO of Djibouti Telecom.
“As regulators, Central Banks have the duty and heavy responsibility to ensure that policies and actions aimed at promoting financial activities make optimal use of the potential of Fintech while preserving trust and the stability of the financial system,” stated Ahmed Osman Ali, Governor of the Central Bank of Djibouti, in his opening speech at the Djibouti Fintech Forum 2020.
Our objective is to make Djibouti a regional hub for financial innovation by 2030.
The Djibouti Fintech Forum does not only discuss current trends, but also lays the foundations for the future. Among the upcoming initiatives are the development of a national digital payment infrastructure and training programs for young Fintech entrepreneurs. “Our objective is to make Djibouti a regional hub for financial innovation by 2030,” says Samatar Abdi Osman.
Actively engaging in digital transformation
The Djibouti Fintech Forum is a unique opportunity for all sector stakeholders to actively engage in the digital transformation of Djibouti’s economy. “Join us in shaping Djibouti’s financial future and contributing to inclusive and sustainable development!”