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Why African banks are investing in AI - African Business

Artificial intelligence (AI) is now firmly in the sights of African banks. From better understanding consumer needs to reducing risk, there are few areas where AI can’t make a key impact on operations.

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AFD to Expose 332 million Africans to Formal Economy

AFD to Expose 332 million Africans to Formal Economy
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Nigeria, Others to benefit from $6 95mn ADFI grant

Nigeria, Others to benefit from $6.95mn ADFI grant 2 min read The Africa Digital Financial Inclusion Facility (ADFI) is offering six grants valued at USD6.95 million to finance digital financial inclusion in Africa. The grant is supported by the French Development Agency (AFD) and hosted by the African Development Bank (AfDB). A statement from the French Development Agency (AFD) on Friday said the Africa Digital Financial Inclusion Facility (ADFI) offer is intended to reduce Africa’s existing gender gap in digital financial services. ADFI, established by the African Development Bank (AfDB), is co-financed by AFD, the Ministry of the Economy and Finance of the Government of France, the Ministry of Finance of the Government of Luxembourg and the Bill and Melinda Gates Foundation.

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AfDB s Board Approves $1 024 Million Grant for 3 African Countries

AfDB’s Board Approves $1.024 Million Grant for 3 African Countries AfDB’s Board Approves $1.024 Million Grant for 3 African Countries African Development Bank’s (AfDB) Board of Directors has approved a grant of $1.024 million for artificial intelligence enabled systems to process customer complaints on behalf of the national banks of Ghana and Rwanda and the Competition and Consumer Protection Commission of Zambia. The grant resources are from the special fund of the Africa Digital Financial Inclusion Facility (ADFI), a financing vehicle to accelerate digital financial inclusion across Africa. ADFI is a pan-African instrument designed to accelerate digital financial inclusion throughout Africa, with the goal of ensuring that an additional 332 million Africans (60% of them women) have access to the formal economy.

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AfDB provides $1 million for AI-based national customer management systems in Ghana, Rwanda and Zambia

AfDB provides $1 million for AI-based national customer management systems in Ghana, Rwanda and Zambia
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