Supporting Small and Medium Enterprises in Sub-Saharan Africa through Blended Finance
Small and medium enterprises (SMEs) are the backbone of the world economy, accounting for most businesses across nearly every region. In the developing world, SMEs make up90 percentof the private sector and create more than50 percentof jobs in their corresponding economies. In Africa, SMEs provide an estimated80 percentof jobs across the continent, representing an important…
EBRD to launch investments in sub-Saharan Africa
The shareholders of the European Bank for Reconstruction and Development (EBRD) have granted recipient country status to Benin, Côte d’Ivoire and Nigeria. This will come into effect once the required amendment to the Bank’s founding treaty comes into force in July 2025. The Bank will launch its investments in the three countries shortly thereafter
AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says | CNBC Africa
July 21 (Reuters) – Artificial intelligence could boost Sub-Saharan Africa’s economy by about 4% over the next decade with better electricity supply, internet access and digital skills, an International Monetary Fund paper showed on Tuesday, but without such reforms the growth dividend could be negligible
‘AI could raise Sub-Saharan Africa’s economy by 4% in 10 years’
TheInternational Monetary Fund (IMF) has said artificial intelligence (AI) could increase Sub-Saharan Africa’s economic output by about four per cent in the next decade, but warned that the gains would depend on urgent investments in electricity, Internet connectivity and digital skills