28th November 2023 11:31:33 AM
2 mins readThe U.S. Commercial Service and African Development Bank partner for digital transformation in Africa. Unveiled at the Africa Tech Festival in Cape Town, discussions will address technology adoption, internet access, skill enhancement, and regulatory innovation. Focus on collaboration between African governments and U.S. tech firms.Ashley Ndir, senior U.S.
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Commercial Liaison to the African Development Bank, emphasized, "We are at a turning point in Africa's technological advancement. By bridging insights from the U.S. private sector with Africa's vibrant markets, we aim to drive innovation and economic growth. This partnership is a testament to that mission.
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"Head of ICT Operations Nicholas Williams from the African Development Bank said, "Africa has made significant investments in pivotal infrastructure and policy enhancements to create an innovative digital economy.
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As Africa’s premier development finance institution, the African Development Bank will help push Africa's digital boundaries even further by forging strategic relations, building on historical investments and, more importantly, tapping into the energy of our young population, who are digital natives. We value the insights that the U.S. private sector may bring.
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"The program builds on the African Development Bank's $2 billion investment in digital infrastructure, covering broadband development, policy improvements, digital skills scaling, and support for innovative enterprises. These efforts have lowered internet access costs, improved digital literacy, and created a favorable business and policy environment. Leveraging the U.S.
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Commercial Service's expertise in international trade, the collaboration aims to lead Africa's digital transformation, envisioning a future where technology drives growth and prosperity. Both entities affirm their dedication to enhancing digital capabilities and unlocking Africa's full potential in the digital age through this partnership.Distributed by APO Group on behalf of African Development Bank Group (AfDB).
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Media contact: Communication and External Relations Departmentmedia@afdb.orgTechnical contacts:African Development Bank: Uyoyo Edosiou.edosio@afdb.orgUS Government Contact:Ashley NdirSenior Commercial Liaison to the AfDBAshley.Ndir@trade.govAbout the U.S.
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International Trade Administration:By advancing American export prospects in international markets, the International Trade Administration (ITA) of the Department of Commerce of the United States of America enhances American competitiveness. Through the U.S. and Foreign Commercial Service, our trade experts provide services in more than 100 U.S. cities and 80 international markets. U.S.
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private sector engagement with the African Development Bank (AfDB) is supported by our U.S. Commercial Service Liaison office.About the African Development Bank:The African Development Bank (AfDB) (www.AfDB.org) has approved $2 billion in loans, grants, and equity investments for ICT projects in the past decade.
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These initiatives focus on regional and national broadband infrastructure development, creating favourable policy environments for private sector investments, scaling digital skills, and nurturing innovative enterprises. The AfDB's efforts have reduced the cost of internet access, enhanced digital literacy, and fostered a conducive business and policy environment.
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