Africa’s FinTech Ecosystem Strengthens with Innovation-Focused Academies

By Linet Amuli - Reporter

Kenya, January 27,2026 - Jordan has taken a significant step toward strengthening its financial technology ecosystem with the launch of the Fentek Academy building and its accompanying innovation laboratory. The facilities were inaugurated by the Institute of Banking Studies as part of the country’s broader economic modernization agenda under the Executive Program for Economic Update 2026–2029.

The initiative is designed to expand local expertise in digital finance and create a structured environment for innovation in financial services. Speaking at the event, Central Bank Governor and Chairman of the Institute’s Board, Dr. Adel Al-Sharkas, described the Academy and laboratory as a pioneering project at both national and regional levels. He noted that the new facilities will help develop skilled professionals capable of leading the transformation of Jordan’s financial sector.

At the heart of the project is the Fentek Laboratory, which provides a practical training space where learners can combine classroom knowledge with real-world application. Participants will be able to design and test digital financial solutions while building technical competence and an innovation-focused mindset.

The Director of the Institute of Banking Studies, Dr. Riyadh Hindawi, also announced the launch of the Academy’s 2026 training program during the ceremony. The curriculum includes advanced courses in financial technology, artificial intelligence, data analytics, cybersecurity, blockchain, digital payments, and enterprise digital transformation. All programs are aligned with international standards to ensure graduates are prepared for the evolving needs of banks and financial institutions.

The newly opened building includes smart classrooms and a dedicated creative laboratory equipped with modern digital tools. These spaces are intended to encourage hands-on learning, support experimentation, and prepare students for future job market demands in technology-driven finance.

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Overall, the launch of the Academy, the laboratory, and the updated training framework highlights Jordan’s strategy to build a competitive digital economy by investing in people and innovation. The move signals the country’s ambition to become a regional center for financial technology and digital finance expertise.

Jordan’s approach mirrors similar efforts underway across Africa, where countries such as Nigeria, Kenya, Egypt, and Rwanda are investing heavily in fintech education and innovation hubs. As African economies expand digital payments, mobile banking, and blockchain applications, the demand for skilled fintech professionals is rising sharply. Jordan’s Fentek Academy offers a model that African policymakers and financial institutions could adapt , combining regulatory support, structured training, and applied innovation labs to build sustainable fintech ecosystems. Cross-regional collaboration between the Middle East and Africa could further accelerate financial inclusion and digital finance growth on both continents.