Categories: Business and Economy

World Bank supports digital economy growth in Africa

The World Bank Group’s Board of Directors has approved a regional initiative designed to stimulate job creation in Benin, Liberia, and Sierra Leone. A key component of the program is the development of digital infrastructure.

This second phase of the Western Africa Regional Digital Integration Programme (WARDIP), valued at US$137 million, seeks to build a robust digital economy. This will be achieved by improving digital infrastructure, creating a more favorable business climate, and enabling businesses to expand across regional markets.

Digital Infrastructure Development

WARDIP2 aims to increase broadband access, financing, and usage within the participating countries. It also intends to facilitate cross-border digital services throughout Western Africa. Approximately 5.2 million people are expected to gain access to new or improved broadband internet, while 5.4 million new users will be able to utilize digitally enabled services.

The project will focus on expanding resilient broadband networks, increasing international connectivity, and strengthening data center capacity. These investments are intended to create new digital jobs and enhance service delivery for both the public and private sectors.

Skills Training and Workforce Development

The initiative includes investments in human capital, supporting digital skills training for 9,000 individuals. This training will prioritize women and youth, with a focus on areas such as artificial intelligence, cybersecurity, and entrepreneurship.

Regulatory Harmonization and Investment Climate

WARDIP2 will work to harmonize regulations, modernize digital governance, and improve competition across regional markets. These efforts are designed to create a more predictable and investment-friendly environment. Support for the West Africa Economic and Monetary Union (WAEMU), regulatory reforms in participating countries, and measures to reduce deployment costs while expanding access to affordable, high-quality connectivity are also planned.

Support for Businesses and Startups

The program will strengthen digital entrepreneurship ecosystems and expand digital financial services. Small and medium enterprises (SMEs) and startups will receive support through seed financing, market access, and opportunities for cross-border digital trade.

WARDIP Program Overview

The WARDIP program was launched in November 2023 with the goal of expanding internet access and fostering a single digital market in West Africa. The first phase of the program is currently supporting The Gambia, Guinea, Guinea Bissau, and Mauritania.

Black Hot Fire Network Team

BHFN Editorial Team covers breaking news, culture, and global developments impacting Black America, Africa, Kenya, and the African diaspora. Focused on timely reporting and community-driven perspectives, the team delivers news, analysis, and stories that inform, connect, and amplify diverse voices.

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