Since the 2010 release of early speculation that applications and other tech development and programming could create and jump start private sectors and local economies, a world of hype, enthusiasm and investments (from venture capital to public and donor money) appears to be funneling towards app development and mobile hubs around the world.
Ghana seems to be an exciting place for fintech providers in general to thrive right now. Last week in Accra, as part of the FIBR team's visit in preparation for the formal project launch, David Porteous, CEO of BFA, had the chance to engage with a range people from across the Ghanaian financial sector.
BFA and The MasterCard Foundation want to thank our guests for joining us for the FIBR Launch last week. We were joined by professionals from the financial inclusion, financial services, fintech, impact investing and SME communities in Accra.
The FIBR Launch will take place on Feb 25th, in Accra, Ghana. We will be joined by David Porteous, CEO of BFA, and our partner, The MasterCard Foundation, along with some 50+ professionals from the financial inclusion, fintech, mobile for development, investor and SME communities in Ghana.
FIBR will address the opportunities created by the rapid spread of smartphones in developing countries to harness this force for financial inclusion. While only an estimated 17% of mobile subscribers in sub-Saharan Africa have a smartphone today, the GSMA estimates that this will rise to 56% in five years—over the time of the project.