The African Development Bank has approved a grant of $525,000 for an online digital hub to serve as a repository of knowledge for fintech entities in Africa.
The Director-General, AfDB Nigeria Country Department, Mr Lamin Barrow, noted that the project would be executed by the Africa Fintech Network and Centre.
He says the grant, in the amount of $525,000, will support the operationalization of an online digital hub to serve as a repository of knowledge for fintech entities across the continent, and globally.
He added that fintechs provide powerful, readily available and effective digital financial solutions to help bridge the financial inclusion gap.