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
Platform links agencies, cuts delays, costs, boosts transparency Reform aims to enhance competitiveness, support growth and digital...
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...
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.