CAFS 2025: How Canada and Africa Are Joining Forces to Drive Fintech Innovation and Inclusive Growth
As fintech reshapes economies around the world, 2025 marks a turning point for deeper collaboration between Canada and Africa. Leading this movement is the Canada-Africa Fintech Summit (CAFS), an initiative that aims to unite two rapidly evolving fintech ecosystems. Dr. Segun Aina, Chair of CAFS 2025, underscores the summit’s role as more than a networking opportunity—it’s a strategic intervention designed to spark cross-continental investment, innovation, and talent development.
According to Dr. Aina, the timing of CAFS 2025 aligns perfectly with broader global trends. Canada’s newly launched Global Africa Strategy is opening up avenues for economic diplomacy, trade, and innovation between the two regions. At the same time, Africa’s fintech scene is exploding, with projections showing digital payments in the region could hit $236 billion in transaction value by the end of 2025. With mobile-first infrastructure and a growing population of tech-savvy youth, Africa presents a compelling case for international fintech partnerships.
CAFS 2025 is positioned as the operational arm of these strategic goals. It brings together stakeholders from government, finance, and technology to build long-term partnerships that can fuel inclusive growth on both sides of the Atlantic. For Canada, it’s about expanding its innovation footprint and tapping into Africa’s entrepreneurial energy. For African nations, it’s a way to scale fintech solutions that can support everything from agriculture and education to healthcare and clean energy.
With fintech revenues in Africa projected to grow thirteenfold—reaching $65 billion by 2030—CAFS 2025 comes at a crucial moment. The summit not only responds to urgent economic and social needs but also anticipates future trends by creating a launchpad for policy development, investment flows, and digital infrastructure. As Dr. Aina puts it, the summit transforms ideas into action and ensures both Canada and Africa are future-ready in the fast-evolving digital economy.
Source: Nairametrics