Indaba & Marketplace: The Future of Peer to Peer Finance in East Africa
* You are Invited *
Funding The Frontier:
Peer-to-Peer Finance On the Move in East Africa?
– Peer-to-Peer Finance Indaba & Marketplace –
-15 June 2016, Royal Orchid Hotel, Nairobi-
Recent worldwide growth has highlighted the potential of crowdfunding as a transformative, disruptive industry.
According to a forthcoming research by Allied Crowds and FSD Africa; peer-to-peer (P2P) platforms in Kenya, Rwanda, Tanzania and Uganda in 2015 raised $37.2 million in aggregate. By the end of Q1 2016, this figure reached $17.8 million – a 170% year-on-year increase.
But why is crowdfunding an attractive alternative to traditional sources of financial support in East Africa such as friends, micro-finance institutions and banks? Which platforms are already doing business in East Africa? What models do they use? And what role will key regulators and the business service sector play in the development of the industry?
For answers to these questions, and more, you are warmly invited to join FSD Africa, the Kenyan Capital Markets Authority and a suite of expert speakers and panelists from across the P2P finance sector in East Africa on 15 June 2016 at the Royal Orchid Hotel in Nairobi.
According to Mr. Paul M. Muthaura, Chief Executive of CMA Kenya: “The Kenyan Capital Markets Authority and FSD Africa share an ambition for the development of a healthy P2P finance market domestically, regionally and across Africa. This approach will help position Kenya and the East African region at the heart of financial services on the continent and as the investment destination of choice.”
According to Joe Huxley, Strategic Partnerships and Opportunities Co-ordinator at FSD Africa: “Successful P2P finance requires more than willing entrepreneurs, investors and philanthropists. We’d like to start a conversation between members of the wider market ecosystem – from platforms and regulatory authorities to policy-makers, technical specialists and donors across East Africa – about how to create the right momentum.”
Please find the latest agenda here.
If you are interested in participating please email Sheila Maingi (firstname.lastname@example.org).
If you are interested in reserving an exhibition stand at the marketplace event, which will run parallel to the Indaba then please email Fundi Ngundi (email@example.com).
 2015: Kenya ($22.0 million), Rwanda ($3.5 million), Tanzania ($4.2 million) and Uganda ($7.5 million).