BOAD and KfW to launch a fund for digital transformation in the West African region

Finance
Friday, 27 November 2020 14:29
BOAD and KfW to launch a fund for digital transformation in the West African region

(Togo First) - The West African Development Bank (BOAD) and KfW, the German development bank, are getting ready to launch a fund to promote digital transformation in West Africa. This was disclosed on the BOAD’s Twitter account. 

The fund will finance projects to digitize administrative procedures and foster the digital economy across the WAEMU. 

It should be recalled that the World Bank recently observed, in a report entitled Boosting Private Investment to Achieve Higher Growth and More Jobs, that digital transition is a key step towards a more resilient economy in Togo.

One of the major projects planned by the country to accelerate its digital transition is the e-administration project. Lomé plans to invest CFA25.5 billion in this project next year. Moreover, authorities are working to implement biometric identification to speed up the formalization of informal Togolese businesses and boost access to social services. 

Séna Akoda

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.