Nairobi to play host to summit pushing for digitization, tokenization of financial markets

Nairobi to play host to summit pushing for digitization, tokenization of financial markets

October 25, 2019 0 By mykenyancareers
COMPUTER CODER - Nairobi to play host to summit pushing for digitization, tokenization of financial markets
The delegates, drawn from fields such as technology, trade and asset finance, insurance, renewable energy and agribusiness, will also discuss corruption, illicit trade, espionage international trade policies using a Circular Sustainable Economy Model through digital tokenized asset management tools/FILE

NAIROBI, Kenya, Oct 25 – Over 300 delegates will be meeting in Nairobi next month to discuss valuation and innovation around the administration of investment transactions for mid-level Pan African business owners and investors.

The two-day conference organized by Upcountry Africa Fund Asset (Canada) Corp is aimed at educating while providing useful data points to drive the agenda of value addition, enhanced growth, and strategies to launch conglomerates that build a business case for the African renaissance.

The delegates, drawn from fields such as technology, trade and asset finance, insurance, renewable energy and agribusiness, will also discuss corruption, illicit trade, espionage international trade policies using a Circular Sustainable Economy Model through digital tokenized asset management tools.

Speaking ahead of the conference, Upcountry Africa Fund Chief Executive Officer Njeri Rionge said the conference was timely especially with Africa being poised to become the hub of investment with high return value on the part of investors.

She noted that it was imperative that efforts to mitigate risks that compound the banking infrastructure, agricultural sector, while shielding investors, that investment valuations are benchmarked in respective countries to achieve maximum value impact after review of the value propositions is carried out.

“The financial sector saw four banks collapse in Kenya in one year and we also saw a few integrity issues addressed in some ministries. The conference will look to address some of these factors using technology. The conference is the marketplace assessment tool and process to gather critical information and share knowledge about the value of the digital assets, tokenized assets, smart contracts and potential of the use of a single digital currency for Africa,” Rionge said.

Developing countries’ share of global services trade has grown by more than 10 percentage points since 2005, reaching 25 percent of world services exports and 34.4 percent of world services imports in 2017. However, services trade is concentrated, with the same five developing economies ranking both as leading services exporters and importers. Together these five economies accounted for more than 50 percent of developing countries’ services trade.

The Founder and CEO of KASI Insight, Yannick Lefang said there is a need for a new kind of investment in Africa, a framework built around trust, partnership, and innovation. With the Africa continental free trade zone, innovations in banking and finance and the rise of the African diaspora, this conference represents a big milestone in bringing about circular sustainable economies in Africa.