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Digitization an opportunity to propel African economies – New Business Ethiopia


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The COVID-19 pandemic has hit hard the economies of many African countries, and pushed many more citizens into poverty, but some countries like Rwanda and Togo have used digitization to keep their economies running.
Speaking during the launch of a Pan-African peer exchange series on the benefits of responsible digital government payments, the Executive Secretary of the Economic Commission for Africa (ECA), Ms. Vera Songwe said the pandemic had a huge toll on African economies with GDP growth estimated to have dropped from 3.3% in 2019 to -2.6% in 2020. It is, however, anticipated that growth would return to 3.3% in 2021. ....

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FAO - News Article: FAO pledges to scale up direct use of digital financial transfers


FAO pledges to scale up direct use of digital financial transfers
Director-General says joining the Better Than Cash Alliance is part of stimulating more innovation and financial inclusion for smallholders
22 February 2021, Rome - In another step towards creating a digital FAO , the Food and Agriculture Organization of the United Nations is committing to increasing by 50 percent its delivery of digital financial transfers and vouchers to beneficiaries.
As part of joining the Better Than Cash Alliance, FAO is also pledging to expand its use of digital payments in at least ten more of its Decentralized Offices.
Director-General QU Dongyu set these ambitious targets, while officially joining the ....

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