The Covid-19 crisis has highlighted the need for countries around the world, especially African countries, to accelerate their digital migration strategies. As Africa is lagging, China agreed to give it a boost.
Chinese Assistant Foreign Minister Deng Li (pictured) announced on August 24 his country will help Africa achieve its digital transformation. Speaking in Beijing during the China-Africa Internet Development and Cooperation Forum, Deng Li presented the six axes on which the new project will be based. These are:
The new partnership aligns with Chinese President Xi Jinping's desire, expressed last year at the Extraordinary China-Africa Summit on Solidarity against Covid-19, to work with the continent to expand cooperation on the digital economy, the smart city, and 5G. Those are sectors in which Africa really needs a hand. According to the latest Cisco report on the global level of digital readiness, African countries are lagging.
In their joint report "e-Conomy Africa 2020" published last year, Google and the International Finance Corporation (IFC) estimate that digital economy could contribute up to $180 billion to the African economy by 2025. This depends on the level of digital technology use by businesses and the right mix of policy actions.
Muriel Edjo
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
In the wake of rising gold prices, several mining companies are accelerating the development of new projects. In Zimbabwe, U.S.-based Namib Minerals...
Benin approves construction contract for Cotonou Cultural and Creative Quarter 12-hectare site to boost arts, cultural industries, and international...
Denmark’s UPF Group opens logistics office in Douala, Cameroon Move expands African footprint, targeting stronger regional service and reach Entry...
Agreement supports marine protection, funding access, and blue economy growth Draft law approved by ministers, now awaits parliamentary vote Togo...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...