The partnership will focus on three key areas:
– Infrastructure: The AfDB and Google will work together to invest in and develop digital infrastructure, such as broadband internet and data centers.
– Skills: The two organizations will collaborate to provide training and development opportunities for Africans in digital skills, such as coding and data science.
– Innovation: The AfDB and Google will support African startups and entrepreneurs in developing new digital products and services.
The partnership is part of the AfDB’s Digital Transformation Strategy, which aims to accelerate Africa’s transition to a digital economy.
The collaboration is expected to have a significant impact on digital transformation in Africa.
The AfDB’s financial resources and expertise in development, combined with Google’s technological expertise and global reach, will help to accelerate the adoption of digital technologies across the continent.
The partnership is also expected to boost economic growth and create jobs in Africa.
The digital economy is growing rapidly around the world, and Africa is well-positioned to benefit from this growth. with the latest move expected to help ensure that Africa has the infrastructure, skills, and innovation ecosystem necessary to compete in the global digital economy.
BasiGo, a Kenyan electric mobility company, has secured KSh396 million ($3 million) in equity funding from CFAO Group.
Africa Finance Corporation (AFC), a key player in infrastructure financing across the continent, has successfully raised $400 million through a Shariah-compliant Commodity Murabaha facility.
British private equity firm Development Partners International (DPI) has led a $110 million investment in Nigerian fintech Moniepoint, elevating the company to unicorn status.
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