The Mauritius Africa Fintech, an organization based in Port Louis, announced on Friday its new hub is currently set to open this December. According to the not-for-profit, the hub is being supported by the Mauritian government, regulatory authorities and financial service providers, both big and small.
“The Mauritius Africa FinTech Hub has a clear vision of changing the outlook for the whole continent by acting as a catalyst in the regulatory environment and the pan African FinTech ecosystem.”
The organization also reported that it has appointed Michal Szymanski as CEO, whose team is now actively preparing a tech hub environment, ready to provide help to investors, corporations, academia, and entrepreneurs to harness the growth potential of fintech. While sharing more details about the upcoming hub, Szymanski stated:
“Relative to the rest of the world, the FinTech industry in Africa has the greatest reach potential to positively influence the lives of its populations. Our purpose is to serve the pan African FinTech ecosystem, in the regulatory environment and capacity building, while making Mauritius one of the world’s great FinTech hubs.This cannot be done alone or in isolation from cross border stakeholders, hence collaboration is key to unlocking Fintech innovations in Africa.”
Mike Reese, a board member of the hub, added:
“I understand deeply the opportunity that it has to act as an innovator in the future of finance for the sub-continent. Being the link to capture capital and investment while attracting global innovation to ready it for the progress and benefit of Africa is a natural step for Mauritius. It has the capacity, enthusiasm and creativity to serve and benefit all stakeholders including corporates and regulators. I personally look forward to seeing this island nation grow from strength the strength as catalyst to capture the world’s attention when it comes to FinTech in Africa.”