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Interswitch champions African innovation, economic sovereignty at Soft Power Summit

Published 1 day ago1 minute read
enable seamless cross-border payments and regional economic integration.

“Innovation must reflect Africa’s needs. We are driving inclusive growth by breaking down barriers and creating access through locally developed solutions,” Kinara said, citing Interswitch’s role in financial inclusion and its initiatives like #InterswitchSPAK, which empower youth and women through education and technology.

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He also highlighted the transformative role of artificial intelligence in addressing language and gender disparities, while warning of the risks of bias and the need for responsible AI development tailored to African contexts.

A key theme at the summit was Africa’s vulnerability to external influence due to its heavy reliance on foreign investment in the tech sector. Speakers advocated for stronger regional frameworks and digital sovereignty to retain control over policy, data, and innovation. The urgency for AI literacy among policymakers was also stressed, along with the need for improved data protection laws and public trust in digital systems.

The summit concluded with a call for infrastructure and regulatory frameworks that prioritise African-led development, echoing Interswitch’s long-standing vision of a digitally empowered continent.

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DAILY TIMES Nigeria
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