Press Release

Leading US-Africa Trade and Investments Initiative, Prosper Africa Partners with Africa Fintech Summit

The Africa Fintech Summit and US-Africa Trade and Investments Initiative; Prosper Africa have recently announced a new partnership ahead of the Africa Fintech Summit in 2023 set to hold on the 12th of April 2023 at the Walter E. Washington Convention Center in Washington, D.C.  

The sponsorship comes at the heels of the US-Africa Leadership Summit (ALS) and the U.S.-Africa Business Forum, held last December in Washington, D.C. Recognizing the tremendous growth potential of Africa’s technology sector, President Joe Biden announced the launch of the White House’s Digital Transformation with Africa (DTA) initiative to expand digital access and literacy. Working with Congress, this initiative intends to invest over $350 million and facilitate over $450 million in financing for Africa in line with the African Union’s Digital Transformation Strategy and the U.S. Strategy Toward Sub-Saharan Africa.

Africa’s digital transformation has opened new markets and deepened partnerships across governments. DTA plans to foster a resilient African digital ecosystem and advance commitments to invest in global infrastructure, including digital connectivity, under the Partnership for Global Infrastructure and Investment.

Prosper Africa announced the new Prosper Africa Tech for Trade Alliance, in partnership with the U.S. Agency for International Development (USAID), at the Business Forum on December 14.

The Prosper Africa Tech for Trade Alliance will be officially launched at a special session during the Africa Fintech Summit. This tech alliance of major U.S. companies aims to accelerate e-commerce and digital trade in Africa and address legal, regulatory, and logistical bottlenecks across the continent.

“Africa’s digital ecosystem offers massive potential to spur economic recovery, promote opportunity, and create jobs,” said Scott Cameron, Acting Prosper Africa Coordinator. “We’re pleased to join the Africa Fintech Summit as a Gold Sponsor and partner for the upcoming 9th Summit here in Washington DC.” 

Robert Beadle, Regional Director, South Africa, Private and Multilateral Partnerships for Prosper Africa at the Roundtable

Prosper Africa will be joined by other U.S. Government agencies to engage with the tech innovators, founders, and ecosystem players and showcase the full suite of U.S. Government services and resources to advance fintech growth and U.S.-Africa investment. 

Since launching Prosper Africa in June 2019, the U.S. Government has helped close 1100 deals across 49 countries for a total estimated value of $65 billion in two-way trade and investment.

“It is with great pleasure that we welcome Prosper Africa as our Gold Sponsor for our summit in Washington DC in April this year. We are keen to work with Prosper Africa and the initiative’s partner U.S. Government agencies to avail US’ innovation capital to the African Fintech and tech ecosystem through the various tools at hand and deepen the US-Africa tech and investment ties,” said Zekarias Amsalu, Co-Founder of AFTS and MD of Ibex Frontier. 

Zekarias Amsalu, Co-Founder of Africa Fintech Summit, and MD Ibex Frontier at the roundtable.

Since its first summit in 2018, The Africa Fintech Summit has become the leading ecosystem initiative that brings together entrepreneurs, investors, policymakers, and stakeholders from across the globe to explore the latest trends, perspectives and insights, and discuss the future of fintech and other emerging technologies in Africa. The Summit has been instrumental in creating a vibrant ecosystem for African fintech startups by providing them with opportunities to network, showcase future-forward financial technology innovations, and connect with investors.

The 9th edition of AFTS will focus on US-Africa Tech connection, fintech regulatory best practices, diaspora banking & remittance, African fintechs expanding globally, cross-border payment movements & use-cases for decentralized finance (Defi), fintech funding trends, cross-border payments under the AfCFTA, and numerous other spotlight topics.

The partnership will see the Africa Fintech Summit and Prosper Africa leverage their respective networks and expertise to support the growth of African fintech startups, and represents a significant step towards bridging the gap between the U.S. and African markets, catalyzing increased growth and innovation in Africa’s fintech sector, boosting investment opportunities for technology startups across the African continent, fostering collaboration and increasing access to funding and resources access to funding, resources, and connections to businesses and entrepreneurs looking to expand their operations across the US and Africa.

Tickets for AFTS Washington DC are on sale now. To learn more or to register, visit Delegates get 25% on AFTS tickets by using the discount code PROSPER25 at checkout of registration at

Silas Ugochi

Silas Ugochi is a Staff Writer and Content Creator at GetFundedAfrica. Ugochi is an educated content writer who relishes using her skills to help GetFundedAfrica's Media Team achieve the goal of sharing the success stories of African entrepreneurs. When she isn't writing articles, she can be found listening to music, reading, or DJing.

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