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High hopes for digital finance in Malawi underpin grant agreement

In another example of the apparently unstoppable growth of digital finance in Africa, the African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14.2 million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.

Sosten alfred gwengweThird national strategy for financial inclusionAfrican development bankAfrican development fundAfrican development bank groupFinancial inclusionMalawi digital economy strategyThird national strategyAfrican development bankDigital paymentsFinancial inclusion

African Development Fund signs $14 2 grant agreement for financial digitalisation initiative

The African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14.2 million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.

Macmillan anyanwuSosten alfred gwengweBank groupAfrican development bank countryThird national strategy for financial inclusionEconomic affairsAfrican development fundAfrican development bank group afAfrican development bankAfrican development bank groupFinancial inclusionMalawi digital economy strategyThird national strategyCountry manager

Malawi, African Development Fund signs K11 7 billion grant agreement

The African Development Fund (ADF) and the Government of Malawi have signed a $14.2 million (K11.7 billion) grant agreement for Malawi to undertake

Macmillan anyanwuSosten alfred gwengweBank groupAfrican development bank countryThird national strategy for financial inclusionEconomic affairsAfrican development bankAfrican development fundFinancial inclusionMalawi digital economy strategyThird national strategyCountry managerAlawi newsAlawi mapAlawi africaAlawi cichlids

Malawi: African Development Fund signs $14 2 grant agreement for financial digitalization initiative

Download logoThe African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14.2 million to undertake infrastructure

Olufemi terryMacmillan anyanwuSosten alfred gwengweBank groupAfrican development bank countryThird national strategy for financial inclusionEconomic affairsAfrican development fundRelations departmentAfrican development bank group afAfrican development bankAfrican development bank groupFinancial inclusionMalawi digital economy strategyThird national strategyCountry manager

Malawi, African Development Fund sign $14 2m grant to boost digital economy

The project is expected to boost Malawi’s domestic financial inclusion rate from 58% in 2019 to at least 65% in 2025.

Macmillan anyanwuSosten alfred gwengweBank groupAfrican development bank countryThird national strategy for financial inclusionEconomic affairsAfrican development bankAfrican development fundFinancial inclusionMalawi digital economy strategyThird national strategyCountry managerAfrican development fundMalawi digital economy strategyMacmillan anyanwu

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