Tarek Mouganie PhD | Founder | Affinity | a full-fledged digitally driven bank |
- Tarek Mouganie is passionate about entrepreneurship and the creative industries as a way of supporting social and economic development.
- He is on the board of 1-54, the largest African contemporary art fair and Greene Light Stage (Old Vic Productions) in London.
Podcast
Overview
Affinity has built a tech platform for both digital natives and low-fidelity users, enabling 24/7 banking services to all individuals and MSMEs at a low cost.
00:31- About Tarek Mouganie and his journey.
- Tarek Mouganie is passionate about entrepreneurship and the creative industries as a way of supporting social and economic development.
- He is on the board of 1-54, the largest African contemporary art fair and Greene Light Stage (Old Vic Productions) in London.
- Tarek is also the creator of Front/Back, a social venture that nurtures and promotes music and art from Africa and its diaspora.
- He is the co-founder and former CEO of the Ghana Triathlon Federation and was the Honorary Consul of Cape Verde in Ghana, nominated by Mo Ibrahim Prize Laureate, HE Pedro Pires.
- Tarek was a Director at Man Group (GLG Partners) and began his career as an academic at the University of Cambridge where he obtained his PhD.
02:51- About Affinity.
- Affinity is a full-fledged digitally-driven financial institution that provides banking products to the underserved and unbanked.
- We have built a proprietary tech platform for both digital natives and low-fidelity users, enabling us to provide 24/7 banking services at a low cost.
- Affinity began operations after acquiring a microfinance business in Ghana in February 2020 then receiving its license upgrade from the Bank of Ghana in March 2022, the first grant of its category in almost a decade.
10:30- Which of the goals are you working on through Affinity?
- Gender- Women need physical touchpoints to bank. They don’t take risks. 90% of clients of digital-only financial institutions were men.
- No poverty- there are huge ripple effects while supporting small business and micro enterprises.
- Decent work conditions
- Providing social inclusion in employment
- Reducing inequality and economic
22:53- Do you see Ghana & Africa moving towards a cashless economy?
- Cash is expensive.
- It creates fraud.
- The bricks and mortar element has reduced.
- It improves operational costs.
23:50- Lessons from the conversation.
- Define your values and understand your leadership skills.
- It is important to carry your people along the journey and talk about what you stand for.
- Listen, be agile and understand how to learn and speak to people. This means maybe getting older management.
RESOURCES:
You can connect with Tarek Mouganie| on LinkedIn
Visit: https://affinityafrica.com/
CONNECT WITH US:
Website: www.tbcy.in
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LinkedIn: https://www.linkedin.com/company/tbcy/
YouTube: http://bit.ly/3jmBqfq
Chingari: https://chingari.io/tbcypodcast
Josh: http://bit.ly/3WWP0nB
Profile
- Tarek Mouganie is passionate about entrepreneurship and the creative industries as a way of supporting social and economic development.
- He is on the board of 1-54, the largest African contemporary art fair and Greene Light Stage (Old Vic Productions) in London.
- Tarek is also the creator of Front/Back, a social venture that nurtures and promotes music and art from Africa and its diaspora.
- He is the co-founder and former CEO of the Ghana Triathlon Federation and was the Honorary Consul of Cape Verde in Ghana, nominated by Mo Ibrahim Prize Laureate, HE Pedro Pires.
- Tarek was a Director at Man Group (GLG Partners) and began his career as an academic at the University of Cambridge where he obtained his PhD.
