Over 1,250 leaders from Africa’s public and private financial sectors gathered in Casablanca on November 3–4 for the fifth edition of the Africa Financial Industry Summit (AFIS). Now firmly established as a key platform shaping the continent’s financial future, the 2025 summit focused on how African economies can mobilize domestic resources to drive inclusive and sustainable growth.

This year’s discussions centered on reimagining Africa’s financial architecture and the strategic role of domestic institutional capital. Participants explored how pension funds, sovereign wealth funds, insurers, and banks can play a stronger role in financing critical development projects, along with opportunities in energy, logistics, digital transformation, and regional financial integration.

The summit featured high-level contributions from leaders including Nadia Fettah, Morocco’s Minister of Economy and Finance; Makhtar Diop, IFC Managing Director; Abdellatif Jouahri, Governor of Bank Al-Maghrib; and Jean-Claude Kassi Brou, Governor of BCEAO. Morocco’s financial sector was strongly represented, reinforcing the country’s commitment to regional integration.

The Pensions and Insurance Authority (PIA) was honoured to have our Registrar and CEO, Namakau Ntini, participate in the Insurance Supervisors Panel, which focused on the challenge of Africa’s sub-3% insurance penetration rate. With long-term insurance at just 2.4% and general insurance at 1.1%, millions across the continent remain unprotected against climate, health, and income shocks. In agriculture, fewer than 3% of smallholder farmers are covered, while informal savings systems continue to dominate.

During the panel, Ms. Ntini and fellow regulators examined:

• How collaboration between governments and supervisors can transform agricultural and informal sector coverage into viable private-sector opportunities.

• Regulatory levers (such as mandates, digital onboarding, and premium subsidies) that can scale microinsurance and agricultural insurance.

• How trusted informal systems can be integrated into formal markets through stronger oversight, digitalisation, and locally rooted engagement.

PIA (Pensions and Insurance Authority) was proud to contribute to this strategic dialogue and to support efforts to build a more inclusive and resilient insurance ecosystem for Africa.