The African Development Bank Group (AfDB Group) approved a $1.5 million grant to address policy gaps in digital trade and ecommerce ecosystems. It also aimed at improving the policy environment in 10 African countries. The funds, sourced from the African Development Fund (ADF), the bank’s concessional window, will go to the Smart Africa Alliance.
The Smart Africa Alliance is an alliance of 32 African countries, international organisations and global corporations with a vision to create a single digital market in Africa by 2030.
The project will cover Ivory Coast, Benin, Ghana, Liberia, Uganda, South Sudan, Zimbabwe, The Republic of Congo, Sao Tome and Principe, and the Democratic Republic of Congo.
The board of directors of the African Development Bank (AfDB) Group recently approved a $1.5-million grant to assess policy gaps in the digital trade and e-commerce ecosystems and policy environment in 10 African countries. The Smart Africa Alliance will receive the funds, which were sourced from the African Development Fund, the bank’s concessional window.
Smart Africa will consult with public and private sector actors in order to develop an online program for training that will directly benefit 600 (government officials, small- and medium-sized enterprises, private network operators, private sector) and indirectly benefit another 2,500, according to an AfDB press statement.
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