Ecobank launches pan-African fintech training, awards for journalists — New Business Ethiopia

Ecobank

Ecobank Group will collaborate with AMA Academy to create customized fintech learning modules for finance and tech journalists across Africa. Modules will be offered in English and French.

The five-module curriculum will be taught online by industry experts and will culminate in recognition and other awards for Africa’s top fintech journalists. It will cover topics such as the history of African financial services, its transformation, AI in fintech, Open Banking, and blockchain.

It will also address security, regulation, governance and future trends in Africa’s fintech market. The partnership aims at providing a deeper understanding and knowledge about the fastest-growing industry in Africa, as well as improving the quality of reporting and public awareness.

Eloïne Barry, Founder and Chief Executive Officer of African Media Agency and AMA Academy, said “We are delighted to partner with Ecobank Group, which is at the forefront of fintech transformation and progression in Africa. Our Academy is also committed to improving the skills of journalists through training and access to experts. Journalists are often faced with several beats to cover, and our aim is to help support the quality and effectiveness of their reporting.”

Africa is responsible for an astonishing 45.6% of mobile money activity in the world — a phenomenon made possible by the rapid growth in access to the internet and smart phone devices, and further accelerated by the COVID-19 pandemic in 2020.

Tech industry researchers found that fintech companies received 60% in 2021 of the $4 billion in investments in the tech sector. This is more than the total investments made in the wider tech start-up ecosystem in previous year. A total of 6 million African youth have access to the internet each year. This provides great growth opportunities in budding fintech industries like agriculture, healthcare, education, and insurance. It also opens up new areas such as crowdfunding, blockchain technology and artificial intelligence.

“In the midst of all the positivity around growth in the African fintech industry, there is a deficiency and imbalance in how this story is told and understood. Today’s narrative is largely influenced by international media sources. We lack a strong narrative from Africa that is based on in-depth analysis by Africans. This course will give journalists the confidence, skills and understanding required to become as relevant and competitive as journalists operating within the same space globally,” Eloïne Barry added.

Djiba Diallo, Senior Fintech Advisor at Ecobank Group, commented on the partnership saying “The continent has seen the rise of ‘challenger markets’ outside of the traditional strongholds of Nigeria, Kenya, and South Africa to include Ethiopia, Ghana, Rwanda, Senegal, and Uganda, just to mention a few. These are the countries in which Ecobank Group is present and where the fintech training course for media professionals will have a real impact. As a pan-African banking Group, we are committed to growing local fintech solutions, many of which have the potential to become global solutions, and to empowering our local media partners.”

Source: newbusinessethiopia

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Chala Dandessa Debela

Chala Dandessa Debela

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Name: Chala Dandessa. I was born in West Shewa Zone, Chobi District of Oromia Region, Ethiopia in 1989. I am founder of www.ethiopianstoday.com