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Nairobi to host summit on Islamic financing

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A section of Nairobi. The summit will take place on April 24 and 25. FILE PHOTO | NMG

Nairobi is set to host the third edition of East Africa Islamic Summit in April focusing on financial technology (fintech) as a driver for Islamic economy and financial inclusion.

A UK-based investment advisory firm GBS Africa on Wednesday said the conference will look at key factors that affect the development of Islamic economy and called on all stakeholders to play their role in advancing financial inclusion.

“East Africa’s fairly developed infrastructure and communication sector, a young educated tech-savvy population and their ability to capitalise on technology development provides a great opportunity for the region to lead in the Islamic finance digital economy,” said GBS Africa governance and corporate relations consultant, Agnes Gitau.

The summit to take place on April 24 and 25 will specifically look at fintech prospects in Islamic finance and blockchain technology in Islamic investment and international trade.