As online fraud and technological challenges threaten financial systems, stakeholders across East Africa are gearing up for a major collaborative effort.
The Tanzania Fintech Association (TAFINA) is leading the charge with the East African Fintech Investment Forum (EAIF) 2024, an event set to transform the region’s fintech landscape.
The two-day forum, beginning next Thursday in Dar es Salaam, will unite investors, regulators and financial institutions from across East Africa.
The forum aims to spark critical discussions and idea-sharing on combating online fraud and exploring the practical applications of artificial intelligence (AI) in addressing these issues. TAFINA Vice Chairperson Reuben Mwatosya highlighted the need for collective problem-solving in facing technological challenges.
“There are various technological issues that require collaboration and idea exchange from different institutions. For instance, tackling the misuse of AI in fraud needs a unified approach to develop effective solutions,” Mr Mwatosya said.
This year’s forum theme, “Invest & Partner: Leave No One Behind,” reflects the commitment to promoting inclusive growth and forging meaningful partnerships within the rapidly evolving fintech sector of East Africa. Shadrack Kamenya, Secretary General of TAFINA, expressed excitement about the event.
“We are thrilled to host this year’s East African Fintech Investment Forum. Our program is designed to address both the unique challenges and opportunities in the fintech landscape. We look forward to bringing together industry leaders, innovators and investors for what promises to be an impactful and engaging event.” Through initiatives like the EAIF, TAFINA aims to create an environment that fosters innovation, investment and sustainable economic development. The upcoming forum is poised to be a milestone event, advancing the future of fintech in East Africa.
Source: allafrica.com
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Tanzania: Exim to Raise Fund for Mental Health Facilities Upgrades
EXIM Bank to raise 300m/- over the next three years for financing essential services and infrastructure upgrades in mental health facilities.
The bank’s Head of Marketing and Communications Stanley Kafu unveiled this when introducing Exim Bima Festival 2024 as a platform for bringing together individuals, organisations and various sectors for raising the funds.
“Exim’s initiative aligns with the government’s broader goals to ensure that every citizen has access to quality healthcare, including mental health services,” he said.
The initiative, which is one of the events for celebrating the bank’s 27th anniversary is scheduled for Wednesday this week in Dar es Salaam.
Mr Kafu highlights that this year’s festival is not only about raising awareness of the importance of insurance in the society but also focuses on enhancing access to mental health services and improving the overall well-being of the nation.
Statistics from the Ministry of Health shows a staggering 82 per cent increase in mental health cases over the past decade.
Mental cases have risen from 386,358 in 2012 to 2,102,726 in 2021, making the need for mental health services more urgent than ever.
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Unfortunately, the country’s ability to address this growing challenge is hindered by a shortage of mental health professionals, infrastructure, medical equipment and essential medication.
For example, out of the 28 regions in the country, only five have facilities that provide adequate mental health services.
The most affected group is the youth aged 15 to 39, who represent the nation’s workforce, underscoring the need for intensified efforts to safeguard this generation for Tanzania’s future well-being and development.
Mr Kafu said by improving mental health services, Exim aims to contribute to the creation of a network of communities that can access care quickly and affordably.
Exim Insurance Department Manager Tike Mwakyoma said they are appreciating the support from partners in the insurance industry, who have stood by them since the last festival.
“Let’s continue this unity for the development of all Tanzanians and our nation as a whole,” the manager said.
Source: allafrica.com
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