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Digital Transformation Drives Development in Africa

Sub-Saharan Africa (SSA) faces critical challenges for digital development, including underdeveloped digital infrastructure, lack of accessible and affordable connectivity, a stubborn digital gender gap, limited skills for digitally enabled industries, and inadequate regulatory and policy environments.

Know more here https://www.worldbank.org/en/r....esults/2024/01/18/di

Mastercard, Paymob Drive Digital Payments Growth in MENA

Paymob, a prominent financial services provider in the Middle East, North Africa, and Pakistan (MENA-P), has recently joined forces with Mastercard. This collaboration aims to boost digital payment adoption throughout the MENA region.

Know more here https://www.techinafrica.com/m....astercard-paymob-dri

Digital payment penetration in Nigeria, others hit 46% — Report

The digital payments firm disclosed that rising economies like Brazil, India, Kenya, and Nigeria are pulling the global digital market up with the rise of online purchases with instant payments, transfers, and other alternative payment methods.

Know more here https://punchng.com/digital-pa....yment-penetration-in

Africa’s green business opportunities are abundant, UNEP study shows

Africa’s private sector can bolster its green agenda and drive increased GDP, higher income per capita, create tens of millions of jobs, and foster collaboration between governments, businesses and local communities, according to a comprehensive study published today by the UN Environment Programme (UNEP).

Know more here https://www.unep.org/news-and-....stories/press-releas

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Reimagining Africa’s role in revitalizing the global economy

The world economy now finds itself at a critical juncture, facing a series of extraordinary setbacks that have pushed down growth. Reigniting growth requires a unique combination of targeted policies, robust international cooperation, and a renewed look at the global economy, with a particular focus on Africa.

Know more here https://www.atlanticcouncil.or....g/in-depth-research-

Africa's economy projected to grow 3.5 pct in 2024 amid multiple challenges

Economic growth in Africa is projected to remain modest in 2024 with geopolitical tensions, climate crisis and debt sustainability risks clouding the outlook, the United Nations (UN) World Economic Situation and Prospects (WESP) 2024 report said.

Know more here https://english.news.cn/202401....26/82d26d0911b2462c8

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