Within the second day events of the international conference of fintech “Seamless North Africa 2019” Arab Economic Unity Council emphasizes the role of “fintech” in meeting the expectations of the Arab youth, and improving economic growth of the region

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Date: 18 - 06 - 2019

The second – and final – day events of the international conference of fintech “Seamless North Africa 2019”, started yesterday Tuesday, in the presence of H.E. Dr. Tarek Amer, Governor, Central Bank of Egypt, and number of high-level officials. The conference events started with a speech of Ambassador Mohamed Al Rabie, Secretary General, Arab Economic Unity Council, followed by a speech of H.E. Dr. Ali Mohamed Al-Khouri, Advisor, Arab Economic Unity Council League of Arab States Chairman of Arab Federation for Digital Economy, where they both in their speeches emphasized that fintech is a key supporting agent of the Arab countries’ economies, and also contributes to meeting the expectations of youth of the nation, which develop as per the global inputs in the economic scene.

The representatives of Arab Economic Unity Council League of Arab States went to plans of the League of Arab States to enhance digital transformation in the region countries, where comes at the top of it the first draft of Arab common vision for digital economy, which is eventually a contribution to the efforts of transformation to digital economy in the region. This draft includes the plans of the League of Arab States for around 50 projects of digital transformation in all the Arab countries.

Also, the second day of “Seamless North Africa 2019” witnessed number of experts seminars, and workshops, where the keynote speakers discussed many important topics, related to the two main pillars of the conference, “fintech” and “eCommerce”, like future of finance under technological development and AI, how to face innovation challenges for fintech, the role of technology in shaping the future of financial services, balancing between risk and innovation in financial sector, and the best ways to invest in fintech and their returns.

The high turnout of visitors and exhibitors – for the second day in a row – continued, at the exhibition organized as a side event of the conference, to get introduced to the latest applications of fintech in reality, exhibited by 50 of the largest companies and organizations specialized in financial innovation and technology.

It is worth mentioning that H.E. Dr. Mostafa Madbouly, Prime Minister of Egypt, launched the conference “Seamless North Africa 2019” the day before yesterday, in the presence of H.E. Dr. Tarek Amer, Governor, Central Bank of Egypt, and Ministers of Social Solidarity, Justice, Supply and Internal Trade, Parliamentary Affairs, Education, Higher Education and Scientific Research, Planning and Administrative Reform, Communications and Information Technology, and Transportation. The inauguration was attended also by representatives of the League of Arab States, who are: H.E. Ambassador Hossam Zaki, Assistant Secretary General of the League of Arab States, H.E. Ambassador Mohamed Al Rabie, Secretary General, Arab Economic Unity Council League of Arab States, H.E. Atef Helmy, President of the General Assembly, Arab Federation for Digital Economy, and H.E. Dr. Ali Mohamed Al-Khouri, Advisor, Arab Economic Unity Council League of Arab States Chairman of Arab Federation for Digital Economy.

The central bank of Egypt hosted the most significant conference of technology in Africa – which occurred for two days – for the second year in a row. The conference was hosted in cooperation with Arab Economic Unity Council League of Arab States, and with the participation of the Egyptian Banking Institute. Also, many leaders of the Central Bank of Egypt, and from the Egyptian banking sector, participated in the conference, as well as more than 1400 participants form inside and outside Egypt. Among the participants is more than 150 of the most recognized experts, locally and internationally, in the fields of fintech, payments, and eCommerce, along with a large number of fintech startups.

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