February 18

Malawi Gets $14.2 Million Grant for Financial Digitalisation

The African Development Fund (ADF) and the government of Malawi have signed a grant agreement for $14,2-million to undertake infrastructure upgrades and create a more efficient and transparent digital payment system.

Funding for the Support for Digitalisation, Financial Inclusion and Competitiveness (DFIC) project, approved last December, will be sourced from ADF, the Bank Group’s concessional financing window.

Photo courtesy of Simon Berry.

Source: IT-Online (link opens in a new window)

Finance, Technology
digital payments, financial inclusion, infrastructure