James Mwangi, Managing Director and Chief Executive Officer of Equity Group Holdings, participated in a high-level discussion on Africa’s digital financial future during the Inclusive FinTech Forum 2026 held in Kigali, Rwanda.
The panel, titled “Digital Transformation and Private Investment: Building the Foundations of Africa’s Next Economic Era,” brought together global financial leaders to examine how technology and capital are reshaping financial services across the continent.
Global Leaders Discuss Africa’s Digital Finance Future
The session featured several prominent figures in the financial inclusion and fintech sectors.
These included:
- Mary Ellen Iskenderian, President and CEO of Women’s World Banking
- Serigne Dioum, CEO of MTN Fintech Group
The discussion was moderated by journalist and broadcaster Lerato Mbele.
Panelists examined how technology, digital public infrastructure and private investment are transforming financial ecosystems across Africa.
Shift From Traditional Banking Models
Participants highlighted a growing shift away from traditional banking models toward technology-driven financial systems.
The discussion focused on the role of digital identity platforms, interoperable payment systems and shared digital infrastructure, often referred to as digital rails, which allow financial services to be delivered more efficiently.
These systems can help lower costs, speed up transactions and expand access to financial services, particularly for underserved populations.
Expanding Financial Inclusion Through Technology
During the panel, James Mwangi emphasized the need to design financial systems that broaden participation in economic activity.
He noted that digital transformation has the potential to unlock opportunities for millions of people across Africa who remain outside the formal financial system.
“The future of financial services will not be built on brick-and-mortar. It will be technology-led and powered by shared digital rails that make access faster, cheaper and safer for everyone,” Mwangi said.
Role of Private Investment in Development
Mwangi also stressed the importance of private capital in financing Africa’s development agenda.
He urged governments and institutions to develop bankable investment projects capable of attracting investors while supporting economic growth and job creation.
According to Mwangi, strong collaboration between the public and private sectors will be essential for scaling financial innovation across the continent.
Innovation and Regulation Shaping the Future
As Africa’s financial ecosystems continue to evolve, the panel underscored the need for collaboration across multiple sectors.
Speakers highlighted that the next phase of financial development will likely emerge at the intersection of:
- Technological innovation
- Effective regulatory frameworks
- Entrepreneurial activity
- Sustainable investment capital
Industry leaders at the forum agreed that these elements will be key to building a financial system capable of supporting inclusive economic growth in Africa’s rapidly expanding digital economy.
