Namibia, Tanzania Central Banks Head Africa Financial Inclusion Experts’ Group

The Bank of Namibia has been elected to Chair the Expert Group for Financial Inclusion Policy with the Bank of Tanzania being the EGFIP vice Chair, the new line of leadership has been endorsed in Arusha.

Bank of Tanzania and Alliance for Financial Inclusion (AFI) are co-hosting the 2022 meetings of the African Financial Inclusion Policy Initiative (AfPI) and AfPI Leaders’ Roundtable in Arusha, where AfPI EGFIP elected new leadership.

The Bank of Namibia is now the new EGFIP Chair, taking over from Bank Al-Maghbrib. The Bank Al-Maghrib is the central bank of the Kingdom of Morocco.

The Central Bank of Tanzania (BOT), on the other hand has been elected to serve as the Vice Chair for the Expert Group for Financial Inclusion Policy.

The Leaders of financial institutions also welcomed the new AfPI Chair Caroline Abel, the Governor of the Central Bank of Seychelles

Meetings of AfPI’s Expert Group for Financial Inclusion Policy (EGFIP), training on Regulatory and Supervisory Technologies, Public-Private Dialogue (PPD) and Developing-Developed Countries Dialogue (3D) are taking place in Northern Tanzania.

The meetings of AFI members in Africa focus on how digitization of inclusive finance can ensure stability, growth and sustainability.

Governors and Deputy Governors have been sharing experiences on supervision of financial technologies (FinTechs), as well as gender inclusive finance and youth inclusive finance.

Prof Luoga

“The Central Bank’s swift crisis policy responses, enabled the payment systems (digital platforms) to continue to operate efficiently, through stimulus packages and incentives that ensured that financial services providers are able to continue to operate without overly regulatory burden during stressful periods of the pandemic, as well as enable users and consumers of financial services to continue transacting despite of the economic challenges of the pandemic”,

Prof. Florens Luoga -The Central Bank of Tanzania (BOT) Governor.

Speakers at the meetings include leaders from Kenya, Mozambique, Eswatini, BCEAO, Ghana, Nigeria, among others.

Launched in 2013, AfPI is the primary platform for Alliance for Financial Inclusion members in Africa.

AfPI supports and develops financial inclusion policies and regulatory frameworks and coordinates regional peer learning efforts.

From AFI’s regional office in Abidjan, Côte d’Ivoire, AfPI brings together high-level representatives from African financial policymaking and regulatory institutions to enhance the implementation of innovative financial inclusion policies across the continent.

The Arusha Meetings are partially financed through the Alliance for Financial Inclusion’s Multi-Donor Financial Inclusion Policy Implementation Facility.

It includes the participation of the French Development Agency (AFD), German Federal Ministry of Economic Cooperation and Development (BMZ) and Ministry of Finance of the Grand Duchy of Luxembourg.