People & Lifestyle
West African Monetary Institute (WAMI) partners with EMTECH SOLUTIONS INC to modernize fintech regulatory frameworks across the West African Monetary Zone
The West African Monetary Institute (WAMI) and EMTECH SOLUTIONS Inc. today announced a strategic partnership to modernize country-level and regional regulatory sandboxes, enabling the harmonization of heterogeneous Fintech regulatory policies and frameworks across the West African Monetary Zone (WAMZ). The collaboration aims at strengthening financial integration across the WAMZ member states.
WAMI and EMTECH will establish a knowledge and collaboration program called WAMZ RegEX, which focuses on showcasing regulatory innovation, sharing insights from global and regional regulatory sandbox benchmarking, onboarding a cohort of WAMZ regulatory sandboxes to conduct rapid pilots, and promoting value. Additionally, the partnership will involve publishing research and case studies, as well as capacity-building programs and thought-leadership workshops.
Olorunsola E. Olowofeso, Director General of the West African Monetary Institute (WAMI), emphasized the importance of the partnership saying, “Our collaboration with EMTECH marks a new chapter in our commitment to creating a unified financial landscape in the WAMZ and signifies a critical step towards achieving a more integrated and technologically advanced financial ecosystem in West Africa. We look forward to the positive impact this partnership will have on our member states and the broader West African region.”
Souleymane Tall, Director of Financial Integration at WAMI, highlighted the strategic value of this collaboration and stated that the partnership with EMTECH would align with our core mission to promote financial integration and regional economic development. By working together, we could unlock new opportunities, improve access to financial services, and contribute to the overall growth and stability of the West African Monetary Zone.
Tunji Odumuboni, Executive Director, Africa at EMTECH, remarked, “We are excited and honored to collaborate with WAMI to drive financial integration and economic development within the WAMZ.” EMTECH’s expertise in Central Bank Digital Currency (CBDC) and Digital Regulatory Sandbox technology will support WAMI and WAMZ member states in fostering an environment conducive to financial innovation.
Carmelle Cadet, Founder and CEO of EMTECH added, “The collaboration between EMTECH and WAMI aligns with our mission of making financial markets inclusive and resilient for everyone, by modernizing central banking infrastructure.”
“We are eager to work with WAMI to deploy solutions addressing local and regional fintech innovation and regulatory frameworks in the West African Monetary Zone.” Cadet continued, “As many countries are developing fintech regulatory frameworks, a regulatory sandbox is a powerful tool to support safe innovations and capitalize on investment opportunities and economic growth. From the U.S. to Europe, regulators need novel new tools. By joining efforts with WAMI, we are committed to work closely with all 6 member states and support them along this new journey of modern central banking in Africa. In EMTECH, they have a real partner for the long haul.”
For more information about the partnership between WAMI and EMTECH, please contact [WAMI Press Contact] at [+233 (0)302 743801] or [info@wami-imao.org] and [EMTECH Press Contact] at [+1 415 889-7444] or [info@emtech.com].
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People & Lifestyle
Sharaf Mahama celebrates 26th birthday with a donation and reading session with kids
Sharaf Mahama, the son of former President John Mahama, celebrated his 26th birthday with a donation and a reading session with the children at the Chance for Children Orphanage Home in Nsawam, located in the Eastern Region.
On his 26th birthday, which was celebrated yesterday, Sharaf, accompanied by some of his close friends, paid a visit to the orphanage and donated food, household items, and books to the children. Also, they spent the day reading a variety of children’s books with the kids and shared a meal together.
Items donated included 20 bags of rice, 5 bags of sugar, 4 large packs of toilet paper, 5 boxes of tomato paste, 2 boxes of cooking oil, 2 cartons each of Nido and Milo, 24 packs of beverages, 28 packs of biscuits, and 20 packs of water.
Among the books read with the children were ‘Ananse and the Sticky Gum’, ‘The Widow of Nain’, ‘101 Favourite Stories from the Bible’, ‘Courtesy for Boys and Girls’, ‘Better Late Than Never’, ‘Make Hay while the Sun Shines’, ‘Treasure Hunt’, ‘Animal Friends’, and several others.
The management of the orphanage thanked Mr. Mahama for spending his birthday reading with the children and his generous donations.
On his part, Mr. Mahama said: “I am humbled and touched by the work the management is doing to provide for the basic needs of these children, and coming here today on my birthday is to say thank you. For the children, I encourage you to learn hard, continue reading your books always, and continue to dream big.”