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Home African Union AfDB, Google partner on SMEs digitalisation

AfDB, Google partner on SMEs digitalisation

The African Development Bank and Google have formalized operations aimed at advancing digital transformation in Africa.

According to a statement, both parties signed a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York.

The agreement was a commitment to harness emerging technologies, extend and improve infrastructure, and refine talent and skills in the continent, the statement revealed.

It noted that while working with the African Development Bank, Google would offer technical assistance to bolster entrepreneurs and small and medium-sized enterprises in digitizing their businesses, securing financing, mastering digital marketing, and advancing private sector development.

Our journey from a two percent telephony penetration in 1998 to today’s era of 4G, 5G, and AI signifies immense progress. With 70 percent of Sub-Saharan Africans under 30, our focus is on catalyzing businesses to create jobs and offer innovative solutions,” said AfDB’s President, Dr. Akinwunmi Adesina.

Google’s Senior Vice President of Research, Technology, and Society, Dr. James Manyika, added, “With advanced technologies like AI, the most profound transformation is yet to come.

The collaboration will be essential if Africa is to realize this opportunity, building for everyone and ensuring no one is left behind. We are excited to collaborate with the African Development Bank to work towards this shared commitment.”

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