May 1

The African Development Bank Secures $525,000 Grant to Strengthen Fintechs in Africa

The African Development Bank (AfDB) has signed a $525,000 grant agreement with Africa Fintech Network (AFN) for the setup of the Africa Fintech Hub, an online portal that would serve as a one-stop shop for all fintech activities in Africa.

According to a statement yesterday, the agreement was signed on 4 April 2023. The Africa Digital Financial Inclusion Facility (ADFI) would provide funding and technical assistance to the Africa Fintech Network to host and manage the African Fintech Hub.

Source: ThisDayLive (link opens in a new window)

Finance, Technology
financial inclusion, fintech, technical assistance