Granada Prime Minister, Dickon Amiss Thomas Mitchell has said the opportunities presented by fintech can only be fully realized if stakeholders collectively pave the way for innovation and investment.
Together, he said, stakeholders can craft a regulatory environment that supports emerging technologies, strengthens public trust, and nurtures fintech’s transformative potential.
While regulators play a crucial role in creating an enabling environment, he said, the private sector’s contribution is equally vital.
Thomas Mitchell said these at the just-ended 31 Africa summit held at the Accra International Conference Centre from Monday May 13 to Wednesday May 15.
“To the esteemed investors here today, your commitment and vision are key to unlocking the full potential of fintech. Your support fuels the innovation that transforms industries, empowers entrepreneurs, and opens new markets. I urge you to see the opportunities that lie in Africa, Grenada, and other emerging regions—not just as investment destinations, but as partners in sustainable growth. By supporting fintech startups and initiatives that prioritize inclusion, digital literacy, and cross-border collaboration, you can help shape an ecosystem where innovation thrives and brings lasting impact. Your strategic investments can empower small businesses, enhance access to financial services, and accelerate progress toward the Sustainable Development Goals,”he said.
He observed that Ghana continues to demonstrate an exemplary commitment to driving technological progress and meaningful investment.
The summit, he said, stands as a testament to the strong bonds between Grenada and Ghana and the shared commitment to fostering Impact, Innovation, and Investment across borders.
Delivering an address during the opening ceremony on Monday, Thomas Mitchell said Grenada stands with Ghana in recognizing the vital importance of this summit’s themes— Innovation, Investment and Impact.
These principles, he said, are fundamental pillars upon which we must build our future.
“In a rapidly evolving fintech landscape, the 3i Africa Summit is a crucial opportunity to harness our shared knowledge and purpose to drive meaningful change. We recognize that the convergence of Innovation, Investment and Impact presents a unique opportunity to reshape our economies and societies. In Grenada, we are actively advancing fintech initiatives to empower our citizens, promote financial inclusion, and attract investment. Our government fosters a supportive environment for digital transformation and economic resilience, enabling startups and established companies alike to thrive. As we meet here at the summit, it’s clear that the challenges and opportunities facing Africa’s fintech ecosystem resonate with our experiences in Grenada and the Caribbean. By fostering partnerships and learning from each other, we can collectively unlock the potential of fintech to address issues like access to credit, reducing the unbanked population, and streamlining cross-border transactions.
“Our shared vision is to build fintech solutions that uplift people, businesses, and communities while protecting and empowering the most vulnerable. This conference is a platform to celebrate our successes and candidly identify areas where we can improve, innovate, and forge stronger alliances. In this rapidly evolving digital age, we must recognize that our goals can only be achieved through collaboration across borders. By forging partnerships with our friends in Africa and beyond, we can tackle challenges like regulatory alignment, digital literacy, and cybersecurity. These are not isolated issues but global ones that require unified solutions.”
He further stated that with the presence of so many esteemed governors and central banks at this summit, “we recognize your critical role in shaping the future of fintech. As gatekeepers of financial stability and innovation, you are uniquely positioned to guide us toward a regulatory landscape that embraces progress while safeguarding the interests of our economies and citizens. I challenge each of you to explore creative regulatory frameworks that promote responsible innovation and ensure inclusive financial growth. Work with us to strike a balance that protects against risks without stifling the entrepreneurial spirit that drives fintech. Let us build mechanisms that empower our citizens, simplify cross-border transactions, and facilitate transparent, efficient financial markets.”
The opportunities presented by fintech can only be fully realized if we collectively pave the way for innovation and investment, he added.
“Together, we can craft a regulatory environment that supports emerging technologies, strengthens public trust, and nurtures fintech’s transformative potential. While regulators play a crucial role in creating an enabling environment, the private sector’s contribution is equally vital. To the esteemed investors here today, your commitment and vision are key to unlocking the full potential of fintech. Your support fuels the innovation that transforms industries, empowers entrepreneurs, and opens new markets. I urge you to see the opportunities that lie in Africa, Grenada, and other emerging regions—not just as investment destinations, but as partners in sustainable growth. By supporting fintech startups and initiatives that prioritize inclusion, digital literacy, and cross-border collaboration, you can help shape an ecosystem where innovation thrives and brings lasting impact. Your strategic investments can empower small businesses, enhance access to financial services, and accelerate progress toward the Sustainable Development Goals.
“I encourage you to be bold in identifying and nurturing the talent, ideas, and technologies that will shape the future of finance. Together, we can create a world where innovation is not only profitable but purposeful, delivering returns that resonate far beyond financial gains. Grenada is dedicated to playing its part by fostering a fintech-friendly environment that encourages innovation and investment. Our nation is a testament to how even small economies can adapt and thrive by embracing technology. However, to truly realize the potential of fintech, it is crucial that small economies like Grenada, those in Africa, and others worldwide come together. By uniting our resources, ideas, and determination, we can unlock opportunities that no single nation could achieve alone. This collaborative approach enables us to build a more resilient fintech ecosystem that addresses the unique challenges faced by smaller economies while maximizing our collective potential.”
To truly realize the potential of fintech, it is crucial that small economies like Grenada, those in Africa, and others worldwide come together. By uniting our resources, ideas, and determination, we can unlock opportunities that no single nation could achieve alone.
This collaborative approach enables us to build a more resilient fintech ecosystem that addresses the unique challenges faced by smaller economies while maximizing our collective potential. Moreover, the adoption and integration of fintech can accelerate progress toward the United Nations Sustainable Development Goals. By providing access to digital financial services, we empower marginalized communities, support entrepreneurship, and improve economic participation. Fintech becomes a powerful tool that enhances financial inclusion, facilitates cross-border commerce, and strengthens economic growth, he said.
“This summit embodies our shared commitment to creating solutions that not only drive technological innovation but also support the wider SDG agenda. Through collaboration, we can ensure that fintech’s impact extends to the very heart of sustainable development, providing equal opportunities and promoting shared prosperity. As we stand together at the crossroads of innovation and progress, let us remember that the potential of fintech lies not just in the technology itself but in the spirit of collaboration and purpose that drives its implementation. The 3i Africa Summit has brought together some of the brightest minds and most dedicated leaders across continents. In unity, we will break down barriers and build bridges that connect us all to a brighter, more inclusive financial future.
“Our journey does not end when we leave this summit. Instead, it marks the beginning of a renewed commitment to empowering individuals and uplifting communities. Together, we can foster environments where startups flourish, investors see opportunity, and every individual, no matter their background or geography, has access to financial tools that can change lives. Let us boldly step forward from Accra, embracing the spirit of partnership and innovation that this summit embodies. We have the power to transform not just our economies but the world. May we lead with vision, act with courage, and remain united in our pursuit of a fintech future that truly serves all of humanity.”
The post Opportunities presented by fintech can only be fully realised if we collectively pave the way for innovation & investment – Granada PM first appeared on 3News.
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