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MIL-OSI Banking: The African Development Bank extends a grant of $2 million to strengthen cybersecurity and boost financial inclusion in Africa

Source: African Development Bank Group
The Board of Directors of the African Development Bank has awarded a $2 million grant to establish the African Cybersecurity Resource Center (ACRC) for Financial Inclusion to tackle cybercrime across Africa and to strengthen the resilience of digital financial ecosystems.
The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, which the institution supports.
The project will take a three-pronged approach: creation of an affordable shared platform to monitor cyber-attacks against financial service providers and individual customers; rollout of individualized advisory services to enable organisations to bolster their cybersecurity; and enhancement of cybersecurity talent development to ensure that African demand for expertise can be met. ....

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AfDB grants ECOWAS $320,000 for gender mainstreaming

AfDB grants ECOWAS $320,000 for gender mainstreaming
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AfDB provides $320,535 in grant funding to mainstream gender in ECOWAS' digital financial operations

AfDB provides $320,535 in grant funding to mainstream gender in ECOWAS' digital financial operations
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Nigeria, 14 others to benefit from $320,000 AfDB grant to support women

Nigeria, 14 others to benefit from $320,000 AfDB grant to support women
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African Development Bank Group (AfDB) / Press release | African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States' (ECOWAS) digital financial operations

African Development Bank provides $320 000 in grant funding to mainstream gender in Economic Community of West African States (ECOWAS) digital financial operations
The grant will be disbursed through the Africa Digital Financial Inclusion Facility, a blended finance vehicle, supported by the Bank
ABIDJAN, Ivory Coast, March 3, 2021/APO Group/
The Board of Directors of the African Development Bank (www.AfDB.org) has awarded a grant of $320, 535 to the West African Monetary Agency to mainstream gender in ECOWAS’ core digital financial services (DFS) regulatory frameworks.
The funds will support a gender gap analysis of several WAMA strategies including those for financial inclusion; gender disaggregation data analytics; digital payment services and infrastructure; and digital identity. The project, to be executed over a three year period ....

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