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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe African Microfinance Week (SAM) is an international conference dedicated to the development of the financial inclusion sector in Africa. As a prelude to the holding of the 4th edition in Burkina Faso, the organizers held a press briefing. It was this Monday, October 14, 2019 in Ouagadougou. Burkina Faso will host from 21 to 25 October 2019 in Ouagadougou, the 4th edition of the African Microfinance Week (SAM). It is placed under the theme "In search of impact: inclusive finance at the service of the Sustainable Development Goals". On D-7, the organizing committee took stock of the evolution of the SAM. The President of the Organizing Committee, Fidèle Yaméogo, recalled that the SAM brings together international experts capable of analyzing the issues and challenges of the microfinance sector in Africa. Thus, every two years, the meeting focuses on concerns related to the microfinance sector in Africa. It should be remembered that the first edition was held in 2013 in Tanzania under the theme "regulation in microfinance". In 2015, the 2nd edition was held in Senegal under the theme "Innovating to accelerate rural finance in Africa". Ethiopia hosted the 3rd edition in 2017. The theme was "Supporting small and medium-sized enterprises (SMEs): a new era for inclusive finance". Fidèle Yaméogo said that sam is an opportunity for financial inclusion actors to develop synergies of actions to improve access to and use of financial products and services. Speaking of the actors, these include, among others, banks, decentralized financial systems, insurance companies and mobile operators. In addition, this week will allow actors to identify strategies to accelerate economic growth for poverty reduction in Burkina Faso. 26 investment funds, 25 innovators and 80 speakers are expected at this week "Sam will capitalize on good practices in financial inclusion in the implementation of the SDGs on the continent. These experiences will benefit actors working to promote financial inclusion in Burkina Faso. Through the implementation of the newly adopted National Strategy for Inclusive Finance (SNFI) which covers the period 2019-2023," said Fidèle Yaméogo. For the 2019 edition, 715 participants are expected, including 140 Burkinabè. Participants from 52 countries will include professionals from the financial inclusion sector. These include banks, decentralized financial systems, Fintechs, donors and NGOs. In addition, 26 investment funds, 25 innovators and 80 speakers are expected this week. Conferences, trainings and workshops will be led by professionals who will address the challenges related to Africa's development. Agriculture financing, agri-food sector development, digital finance, money transfer and SME development are, among others, the areas that will be addressed. As a reminder, the African Microfinance Week was born from the initiative of three structures. These are the African Rural and Agricultural Credit Association (AFRACA), the African Network of Microfinance Institutions (MAIN) and the NGO Appui au développement autonome (ADA). It should be noted that the Grand Duchy of Luxembourg supports this initiative.
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