Saturday, July 19, 2025
  • About
  • Advertise
  • Careers
  • Contact
NewsTrendsKE
  • NewsTrendsKE
  • Business
  • Deals
  • Women in Business
  • Sustainability
  • Featured
  • Op-Eds
  • Lifestyle
  • Technology
  • Phones
  • Sports
  • World
  • Contact Us
No Result
View All Result
NewsTrendsKE
No Result
View All Result

Comoros: African Development Bank grants over 9 million euros for digitizing the Comorian economy

Admin by Admin
2 October 2024
in Featured, Technology
Reading Time: 2 mins read
A A
0
Comoros: African Development Bank grants over 9 million euros for digitizing the Comorian economy
496
SHARES
1.4k
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The Board of Directors of the African Development Bank (AfDB) Group (www.AfDB.org) has approved financing of 9.51 million euros to the Comoros for implementation of the Project to Support the Digitization of the Comorian Economy. With a total cost of 22.53 million euros, the Bank’s financing consists of 4.02 million euros provided by the African Development Fund, the Bank’s concessional loan agency, and a further 5.49 million euros provided by the Bank’s Transition Support Facility.

Related posts

PalmPay Named One of the World’s Top 300 Fintech Companies of 2025 by Consumer News and Business Channel (CNBC) & Statista

19 July 2025

From diamonds to dirt: Sierra Leone youth bring land back to life

18 July 2025
Load More

The project will improve the governance, quality, affordability and accessibility of relevant public services offered to users. It will set up a digital administration through the construction and operationalization of a new data centre and the existing secondary data centre, and an incubator. The intention is to recruit a private Operator for the operation, marketing, maintenance and expansion of the data centres as part of a PPP to mobilize private expertise and additional financing over time to relieve public expenditures.

The project also includes the establishment of a comprehensive digital administration platform, e-services development, and a digital public payment system, interoperability and data exchange platform. The Incubator enhances conditions for digital innovation and entrepreneurship.

Of course, the digitization is built on the availability of data, and it is critical that this data is properly protected. To this end, the project provides funds to establish and operationalize a National Authority for the Protection of Personal Data and Access to Information. The project will improve local digital training offered through financing to the University of Comoros.

Completion of the project should ensure the emergence of a comprehensive and coherent range of digital services capable of meeting the needs of the population and leave the Comoros even better able to compete and operate in the digital world.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media contact:
Alexis Adélé
Communication and External Relations Department
[email protected]

À propos du Groupe de la Banque africaine de développement :
Groupe de la Banque africaine de développement est la principale institution du financement du développement en Afrique. Il comprend trois entités distinctes : la Banque africaine de développement (BAD), le Fonds africain de développement (FAD) et le Fonds spécial du Nigeria (FSN). Représentée dans 41 pays africains, avec un bureau extérieur au Japon, la Banque contribue au développement économique et au progrès social de ses 54 Etats membres régionaux. Pour plus d’informations: www.AfDB.org

Media files

Download logo
Share198Tweet124Send
Previous Post

Sati Gata-Aura Scoops Top Prize at the Concours D’Elegance

Next Post

Canon releases new and improved SELPHY QX20 portable colour photo printer offering unparalleled versatility

Related Posts

Technology

PalmPay Named One of the World’s Top 300 Fintech Companies of 2025 by Consumer News and Business Channel (CNBC) & Statista

19 July 2025
APO News

Aid cuts leave refugee agency unable to shelter six in 10 fleeing war in Sudan

19 July 2025
Eritrea: Awards to Outstanding Teachers
APO News

Eritrea: Awards to Outstanding Teachers

19 July 2025
Improvements in prison conditions long overdue in remote Liet-Nhom
APO News

Improvements in prison conditions long overdue in remote Liet-Nhom

19 July 2025
President Mahama meets Alex Soros of the Open Society Foundations
APO News

President Mahama meets Alex Soros of the Open Society Foundations

19 July 2025
Tackling mpox through global and local collaboration in the Democratic Republic of the Congo
APO News

Tackling mpox through global and local collaboration in the Democratic Republic of the Congo

19 July 2025
Combating Gender-Based Violence (GBV) and sexual harassment: Economic Community of West African States (ECOWAS) strengthens the capacities of ivorian actors
APO News

Combating Gender-Based Violence (GBV) and sexual harassment: Economic Community of West African States (ECOWAS) strengthens the capacities of ivorian actors

19 July 2025
Upstream Momentum Builds in Ghana as Eni Declares Eban-Akoma Commercial and Tullow, Kosmos Extend Licenses
APO News

Upstream Momentum Builds in Ghana as Eni Declares Eban-Akoma Commercial and Tullow, Kosmos Extend Licenses

19 July 2025
Next Post
Canon releases new and improved SELPHY QX20 portable colour photo printer offering unparalleled versatility

Canon releases new and improved SELPHY QX20 portable colour photo printer offering unparalleled versatility

POPULAR NEWS

  • Moi University

    Moi University Sacks 890 Staff in Major Restructuring Exercise

    1757 shares
    Share 703 Tweet 439
  • List of Banks Offering the Cheapest Loans in Kenya 2025

    1751 shares
    Share 700 Tweet 438
  • List of President William Ruto’s Advisors

    904 shares
    Share 362 Tweet 226
  • Reopening of Central Line Will Ease Traffic Congestion on Cape Town Freeways

    662 shares
    Share 265 Tweet 166
  • Zero Trace Phone: All you need to know about little known smartphone that leave no digital footprints

    631 shares
    Share 252 Tweet 158
NewsTrendsKE

A News Blog For Readers Who Want More

Follow us on social media:

  • About
  • Advertise
  • Careers
  • Contact

©2025 NewsTrendsKE.

No Result
View All Result
  • NewsTrendsKE
  • Business
  • Deals
  • Women in Business
  • Sustainability
  • Featured
  • Op-Eds
  • Lifestyle
  • Technology
  • Phones
  • Sports
  • World
  • Contact Us

©2025 NewsTrendsKE.