Africa Matters

AfDB to establish entrepreneurship banks for youth

Summary The President of AfDB, Dr Akinwumi Adesina said the banks will access the critical financial resources to income generation projects run by the youth. The African Development Bank (AfDB) is seeking to establish youth entrepreneurship investment banks across the continent. The proposed financial institutions will finance young people’s innovations in creating wealth. This was announced on the sidelines…

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Huawei calls for a ‘non-stop’ digital future for Africa’s banking industry

Huawei today announced its ‘Non Stop Banking’ initiative. Unveiled at the Huawei Intelligent Finance Summit for Africa 2023, the initiative calls for hand-in-hand collaboration between the ICT and banking industries and facilitate a digital future of ‘non-stop’ services, ‘non-stop’ development, and ‘non-stop’ innovation. In a keynote speech announcing the initiative, Leo Chen, president of Huawei Sub-Saharan Africa Region spoke…

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