Crown Agents Bank and Invest Africa have announced a new collaboration, ‘The Payments Exchange’. The campaign will drive new insight and understanding around the role of FX and payments in the economic transformation of Africa.

The campaign will also comprise a program of events and content across 2024. The events will explore the role that payments and FX will play in realizing the ambitions of the African Continental Free Trade Agreement (AfCTA) and future trade and investment.

Africa’s global importance is rising, with permanent G20 membership and expanded BRICS involvement. Its growing population, vast resources, and fast-growing economies make it a major player on the global stage. Yet, challenges like political discord and insufficient investment remain.

As a result, The Payments Exchange is expected to bring together African central bankers, finance ministries, fintechs, development finance institutions, pan-African banks, and other pertinent stakeholders. This is with the shared goal to discuss solutions to facilitate greater access to improve the flow of money across Africa.

As part of the initiative, Crown Agents Bank and Invest Africa will host a special breakfast roundtable on 5th June as part of the program for Invest Africa’s flagship event, The Africa Debate, on 6th June, 2024 in London. The 10th edition of The Africa Debate will focus on advancing trade and investment between Africa and the rest of the world and plans to attract 500+ investors, market leaders and senior decision makers across a variety of sectors and verticals. The collaboration will also see the publication of a series of articles and podcasts and an event in the margins of the World Bank Annual Meetings in Washington DC.

Speaking at the partnership announcement, Chantelé Carrington, CEO of Invest Africa said, “At Invest Africa, we recognize the pivotal role that payments infrastructure plays in driving economic growth and investment across the continent. Through our collaboration with Crown Agents Bank, we are committed to amplifying the conversation around payments, fostering collaboration, and championing initiatives that will enhance financial inclusion and enable businesses to thrive in Africa.”

“In partnership with Invest Africa, Crown Agents Bank is proud to launch The Payments Exchange Series, catalyzing dialogue and action to empower Africa’s economic evolution through optimized payments infrastructure. Together, we will pave the way for inclusive growth, facilitating financial access and fostering investment opportunities across the continent,” said Chris Partridge, Head of Banks and NBFIs at Crown Agents Bank.