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
UNCDF, Co-op Bank Kenya sign guarantee to boost digital lending Risk-sharing aims expand financing access for startups, platforms Deal supports...
Côte d’Ivoire plans 15 agri-tech hubs to support women in agribusiness The centers will focus on processing, training, and digital tools The project’s...
Kenya becomes the first African country to establish a formal digital dialogue framework with the European Union. The partnership targets...
Angola’s parliament unanimously approved a startup law to address legal gaps and support innovation. Authorities set a $3.5 million annual...
Most Read
01

CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...

Strengthening the Business Climate in WAEMU Countries: CCR-UEMOA Reviews Its Midterm Record
02

Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...

Telecel Ghana plans 150% investment increase in MTN-dominated market
03

Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...

Togo Passes Law to Criminalize Counterfeiting of West African CFA Franc
04

Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...

Namibia and Russia Expand Economic Cooperation Across Key Sectors
05

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
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.