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African Development Fund, Smart Africa Alliance launch project to enhance digital trade across Africa

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The African Development Fund and Smart Africa Alliance have partnered to  launch a $1.5 million project to streamline digital trade and e-commerce policies across 10 African countries.

The agreement was signed on Tuesday, 25 April, a day ahead of  the 2023 Transform Africa Summit which takes place in Victoria Falls, Zimbabwe, from 26-28 April.

African Development Bank Director General for Southern Africa Region Leïla Mokaddem, described the IDECT as a pivotal step towards strengthening Africa’s digital trade and e-commerce landscape.

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“This initiative will bolster the development of harmonized e-payment policies, capacity building, and gender-sensitive frameworks, ultimately fostering a digital trade ecosystem that generates employment opportunities across the continent,” she said.

The Institutional Support for Digital Payments and e-Commerce Policies for Cross-Border Trade Project (IDECT  will evaluate policy gaps in the digital trade and e-commerce ecosystems of Côte d’Ivoire, Benin, Ghana, Liberia, Uganda, South Sudan, Zimbabwe, the Republic of Congo, São Tomé and Príncipe, and the Democratic Republic of Congo.

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The project will see to the implementation of regional training and capacity-building programs focusing on cross-border e-payment and e-commerce for governments, private sectors, and Small and Medium Sized Enterprises (SMEs). These programs are expected to reach 600 participants, with 60% being women and youth. Additionally, a certified gender-sensitive e-learning training program addressing the unique challenges faced by women in digital trade and e-commerce, will be developed and disseminated to 2,500 participants, of whom 60% will be women.

Lacina Koné, CEO of Smart Africa, said: “The IDECT project demonstrates our commitment to fostering digital transformation and economic growth in Africa. By addressing policy gaps and promoting gender-sensitive training, we are laying the foundation for a thriving digital trade and e-commerce ecosystem.”

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Milcah Lukhanyu
Milcah Lukhanyuhttps://techmoran.com
I cover tech news across Africa. Drop me an email at [email protected]

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