Telecom

World Bank backs the digital economy in Congo with $100mln

World Bank backs the digital economy in Congo with $100mln
Thursday, 21 October 2021 19:37

The World Bank approved the disbursement of $100 million to support Congo’s digital migration strategy. The information was reported last week by Léon Juste Ibombo (pictured), the Minister of the Digital Economy, following a meeting with a World Bank delegation.

Samia Melhem, Lead Policy Officer for the World Bank Group's Transport and ICT Practice, who was a member of the delegation, said the project will "propel the digital economy in Congo through reforms in the legal and regulatory framework and investments in infrastructure for digital inclusion.” The World Bank support will also “promote the growth of e-business, the use of platforms that will allow young people to find jobs,” she said. Welcoming the initiative, Guy Roland Tsimba, director general of digital economy development at the Ministry of Telecommunications, said digital transformation will turn Congo into a "full-fledged information and knowledge society."

As a reminder, a few days earlier, the European Union also approved €15 million for the same purpose as the World Bank

Muriel Edjo

On the same topic
Sonatel Q1 revenue rises 6.9% to 504.2 billion CFA francs EBITDA up 9.8%, net profit increases 4.5% Growth driven by data demand, Orange Money,...
HONOR plans to expand smartphone production at Egypt factory Plant targets three million units annually, 1,000 jobs Move aims to boost exports,...
New national platform offers courses and exercises from preschool to secondary Initiative aims to ensure learning continuity and modernize...
Algeria launched its first AI and cybersecurity start-up cluster to accelerate digital job creation. More than 7,800 start-ups are registered,...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
04

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
05

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
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.