Telecom

Sierra Leone Announces Major Digital Transformation Agreements with China

Sierra Leone Announces Major Digital Transformation Agreements with China
Thursday, 05 September 2024 10:31

To overcome the significant digital divide in many African countries, governments are stepping up international partnerships. The financial support or trade agreements obtained are being used to strengthen various areas to improve connectivity and technology access across the continent. 

The President of the Republic of Sierra Leone, Julius Maada Bio, has announced the signing of two agreements in the digital sector. The announcement was made on Tuesday, 3 September in Beijing, China, on the sidelines of the Forum on China-Africa Cooperation (FOCAC), which runs from 4 to 6 September 2024.

The Head of State said that these two agreements, which he considers important, would help “lay the solid foundations for our digital transformation. This is an essential part of our Big Five program.” He stressed that they will expand the national digital space, increase investment, and intensify innovation.

The first agreement, worth $50 million, was signed between the Sierra Leone government and the China National Technical Import and Export Corporation. It is earmarked for the Smart Sierra Leone project, which will extend internet access to more than 400,000 citizens who are currently excluded from the telecoms network. There are also plans to set up national data centres to manage and secure sovereign data, and to strengthen the country's security infrastructure.

The second agreement, signed with Huawei, will kick off the Smart Village project in Tormabum. This initiative will help provide farmers with online resources to improve their farming practices and increase their yields.

The agreements signed by the President of Sierra Leone during his visit to China align with the ‘Technology and Innovation’ goals outlined in Sierra Leone's Medium Term National Development Plan 2024-2030. This plan aims to boost the number of internet users from 1.84 million in 2023 to 2.9 million by 2030, marking a 63% increase. Additionally, it seeks to raise internet penetration from 21.2% in 2023 to at least 50% by 2030 and expand access to digital financial services from 32% in 2021 to 60% by 2030.

This increase in internet connectivity and improved access to online services should enhance access to information, improve digital inclusion, and support economic and social development.  According to the World Bank, increasing Internet penetration by 10% in low-income countries increases gross domestic product by 2.0%.

Hikmatu Bilali

On the same topic
Visa trains banks and fintechs in Dakar through intensive program Initiative combines technical expertise with real-world case studies Group...
Telecom Namibia secured $23.9 million in financing to expand broadband and mobile infrastructure. Around 35% of Namibia’s population...
A Starlink apresentou um pedido de autorização em junho de 2024 para operar na Namíbia. A empresa continua sua expansão na África, onde já está presente...
National cloud to manage data, services, and operations during Dakar 2026 Project backed by Alibaba Cloud partnership signed in...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...

Cameroon Signs $1.5 Billion Waste-to-Energy MoUs Amid Urban Sanitation Strain
03

MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....

MTN Zambia Links Mobile Money to Bank POS in New Partnership
04

UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...

UBA, British International Investment explore Africa trade finance deal
05

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.