Tuesday
July 30
2019

GSMA signs $46.5M funding partnership with DFID

By Alix Pressley

The GSMA has announced that it has signed a £38 million-pound partnership with the UK’s Department for International Development (DFID). The ‘Partnership for Inclusion, Innovation and Scale’ will provide funding for the GSMA’s Mobile for Development work on digital inclusion, digital identity, energy, water, sanitation and the reduction of the mobile gender gap. It will also include two new areas of focus: disability and climate.

“This landmark partnership with DFID reinforces the joint power and potential of the private and public sectors working together and ensures that we will continue our crucial role of stimulating digital innovation to deliver both sustainable business and large-scale socioeconomic impact for the underserved,” said Mats Granryd, Director General, GSMA. “This project reinforces our commitment to supporting the UN’s Sustainable Development Goals and using the power of technology to reduce global inequalities.”

Photo courtesy of Ismael Ferdous.

Source: Intelligent CIO Europe (link opens in a new window)

Categories
Finance, Technology
Tags
development finance, digital finance, digital identity, digital inclusion, gender gap, global development, mobile finance, public private partnerships, SDGs, tech for good