Zimbabwe Seeks UNCTAD Technical Support to Boost Digital Economy

By : Redaction

Date : mercredi, 27 mars 2024 11:42

Zimbabwe wants to join the technological revolution ongoing on the African continent. For that purpose, it seeks strategic partners to support the development of its tech sector.  

Zimbabwe’s government has sought the support of the United Nations Conference on Trade and Development (UNCTAD) to bolster its digital economy, according to Douglas Runyowa, Chief of Staff at the Ministry of Industry and Trade.

Runyowa announced the appeal for UNCTAD’s assistance in conducting an eTrade readiness assessment to identify opportunities and solutions for ecommerce development. This request aligns with Zimbabwe’s efforts to expedite its digital transformation under President Emmerson Mnangagwa’s “Vision 2030”. The strategic plan aims to transform Zimbabwe into a high-income society by 2030, with digital technology as a key pillar of socio-economic development.

The International Finance Corporation (IFC) and Google project that Africa’s digital economy will be worth at least $712 billion by 2050, accounting for 8.5% of the continent’s GDP. Recognizing its current lag in the sector, Harare is intensifying its partnerships to leverage the ongoing technological revolution in Africa.

"The key areas include e-commerce assessment and policy formulation, information communication technology (ICT) infrastructure and services, payment solutions, trade facilitation and logistics, legal, regulatory framework, digital skills development and access to finance," added Douglas Runyowa.


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