Adhara partnered with Global Policy House at their “Invest in Africa with Digital Assets Summit”, which took place between 7-8 September in Nairobi, Kenya – with a focal theme of ‘Recover, Rebuild, Resilience’
Experts from both regional and global institutions gathered to engage in dialogue around innovations in payments, investment within the sustainable lens, non-fungible tokens (NFT’s) and central bank digital currency (CBDC’s). Delivering the opening keynote address, H.E Mene, the Secretary General of the African Continental Free Trade Agreement, shared the goal to double intra-African trade by 2035.
Adhara’s Pete Munnings (Co-Founder and Chief Operating Officer) and Kim Dancey (Payments Market Initiatives) participated in the panel “Revolution of Money” addressing the question of “To CBDC or not, for Africa”. The panel focused on the use of wholesale CBDCs, as cross border payment settlement assets, to address many current inefficiencies – including:
– Cumbersome border procedures
– Slow transactions
The panel concluded that it is time to move from theoretical debates on using CBDC’s in Africa, to a “test and learn”.
Kim from Adhara observes “The time is now, to develop a compelling new approach to intra-African B2B cross border payments”
A note on our event partner:
Global Policy House is an entity that strives to diminish financial, digital and identity divide to encourage a unified digital and financial front (vanguard) to ensure and guarantee equal access to all. For more information on Global Policy House, please visit: http://www.globalpolicyhouse.com.