African Development Bank invests $10m to promote climate tech

The AfDB president told a conference in Durban this week Africa has the necessary partnerships and technologies to eradicate hunger.

The bank will provide funding and technical assistance to the Africa Fintech Network to create a fintech hub.

I-DICE will support 451 tech start-ups, 226 creative enterprises and 75 enterprise support organisations, and the benefits to Nigeria’s economy are pegged at $6.4 billion.

RASME is a set of real-time digital data-gathering tools and processes that enable the Bank, its clients and development partners to better prepare projects.

Utilising the Bank’s Youth Entrepreneurship Investment Banks (YEIB), the partnership will scale up technical and financial support for young entrepreneurs.

“Africa can no longer outsource its healthcare security to the benevolence of others” said African Development Bank Group (AfDB) President, Dr Akinwumi Adesina.

West African country pens grant agreement with AfDB, government of Switzerland.

Completion of first phase of the Congolese component of the Central African Backbone (CAB) project.

Bank’s investment is expected to accelerate the creation of a new class of successful African entrepreneurs that will serve as a model to younger innovators.

Mark Dankworth, President Business Development Africa at Ukheshe, shares his thoughts on how mobile money, cross-border payments and ‘buy now, pay later’ are transforming the financial sector, particularly in emerging markets, for the better.

The investment in Digital and Creative Enterprises Program (i-DICE) is a government initiative established to promote investment in digital and creative industries.