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The $1.5 million project will support the implementation of digital trade facilitation systems in several African countries. Burundi, Kenya, Malawi, Rwanda, Uganda, Tanzania, and Zambia, are among the countries that will benefit from the project. The DATC project is expected to improve trade efficiency in Africa by reducing transaction costs, enhancing predictability, and reducing trade-related risks.

The African Development Bank Group has approved a one-year financing framework of up to $5.1 billion to help African countries manage rising energy and fertilizer costs, protect critical imports, and reduce their exposure to future supply shocks.

Nigerian defence technology company Terra Industries has unveiled plans to build what will be Africa’s largest drone manufacturing facility, marking a major expansion of its operations beyond Nigeria.

Mastercard has partnered with payment solutions provider enza to streamline fintech access to its global payment network across Africa.