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Digital sector: BOAD grants investments estimated in total at 3.3 trillion CFA francs

19/04/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The Vice President of Finance at West African Development Bank ( BOAD) a indiqué lors du Cyber Africa Forum 2024 à Abidjan that the strategic plan The institution's 2021-2025 Djoliba gives an important place to the digital economy, with investments totalling 3,300 billion CFA francs (around 5 billion

euros).

Moustapha Ben-Barka, Vice President of Finance of BOAD, said that the total amount of financing granted by BOAD to the digital sector increased from 15 billion FCFA in 2022 to 40 billion FCFA in 2023, and should experience strong growth during for the next few years. According to him, “BOAD has developed a sectoral intervention strategy aimed at promoting the development of a resilient, affordable, secure and inclusive digital sector, promoting sub-regional integration and the creation of a common digital market, a key driver of economic growth. de l' UEMOA

.

The fund will support “non-priority market projects” in the areas of electronic infrastructure and services, helping states prepare ICT projects and finance national ICT projects.

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