Telecom

Niger secures $100mln World Bank fund for digital migration

Niger secures $100mln World Bank fund for digital migration
Friday, 10 July 2020 15:19

World Banks’ International Development Association (IDA) approved the disbursement of $100 million (CFA57.8 billion) to help Niger accelerate its digital transformation.

According to a statement issued by the institution, this support -which is composed equally of a loan and a grant- will be invested in a program to modernize the economy and improve access to essential services. The World Bank said Niger has one of the lowest phone coverage rates in Africa due to the lack of sufficiently developed digital infrastructures.

The project is aimed at deploying more resilient infrastructures and generating innovations to increase citizens' access to essential social services, while improving the well-being of populations, including in the poorest and most fragile regions. Also, this support will be useful for the “Smart Villages” project, which aims to improve access to mobile telephony and broadband services in rural areas and, at the same time, bring paperless financial services to some of Niger's underserved regions.

According to Tim Kelly, Senior Digital Development Specialist at the World Bank, “the pandemic has revealed the urgency of accelerating the digital transformation to enable countries like Niger to keep the private sector active and save lives and jobs. By ensuring that all citizens have access to quality and affordable internet connection, that online public services are easily accessible, and that the digital economy drives growth, innovation, and job creation, this new project will help Niger harness its potential for digital development.”

On the same topic
37 companies express interest in satellite-based internet program Initiative aims to extend connectivity to remote and underserved...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband access and reduce digital gaps Opens potential...
Government moves to counter surge in AI-enabled cyber fraud Mobile money fraud exceeds $30 million annually as attacks rise New...
Ethio Telecom, Mastercard discuss expanding cross-border payments partnership Collaboration targets remittances, fintech integration, multi-currency...
Most Read
01

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
02

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
03

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
04

M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...

In Africa, Banks Face a New Rival: Telecom Operators
05

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
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.