The Guinean Prime Minister, Amadou Oury Bah, presided over the official opening of the annual meetings of the Bank Managers Club and financial institutions in Africa on Thursday, February 12, 2025 in Conakry. The meeting brings together leaders of financial institutions to discuss the challenges of the African banking sector.
Under the theme “Financing the African Economy: Artificial Intelligence and Regulation in the Service of Banking Efficiency,” these meetings aim to be a space for exchanges dedicated to financing mechanisms, modernization of banking practices, and strengthening cooperation between financial actors on the continent.
At the opening of the event, the President of the Association of Banking Professionals in Guinea, Sidy Mohamed Chérif, discussed the extent of financing needs in Africa, particularly for growth, support for businesses, industrialization, and financial inclusion. He emphasized the expected role of banks in supporting economic development.
The Director General of the African Guarantee Fund and Economic Cooperation (FAGACE), Ngueto Tiraina Yambaye, highlighted the potential of artificial intelligence to improve the efficiency of financial systems, optimize risk management, and facilitate access to credit.
The Guinean Prime Minister, on his part, emphasized the need to carry out reforms to strengthen financing for the real economy, promote banking services, and reduce the use of cash.
