Digital transformation is an inevitable necessity- Vice President Bawumia at the launch of the first 3i Africa Summit

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The Vice President of the Republic and flagbearer of the New Patriotic Party (NPP), H.E Alhaji Dr. Mahamudu Bawumia, has on February 26, 2024, performed the Press Launch of the first 3i Africa Summit in Accra, under the theme: “Innovation, Investment, Impact”.

Dr. Bawumia noted that, “Such Summits as 3i provide important opportunities for collaboration and peer-learning, bringing together all the stakeholders and players to brainstorm and think through how we leapfrog and transition Africa into the digital revolution”.

He added that the Summit also serves as a reminder to all stakeholders that, fintechs are pivotal to Africa’s digital revolution, as it provides the necessary ecosystem for innovation and the means to pay for it.

Dr. Bawumia again added that, “Digital transformation is an inevitable necessity, an appropriate system, a flexible response to emergencies, challenges and needs, and a means used to achieve economic and social development. What is clear in the digitalization journey thus far is that most of the digitalization we are seeing is homegrown”.

He further noted that in recognition of this, Government will be setting up a Fintech Innovation Fund to support startups and other fintechs.