Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

    November 11, 2026

    CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%

    November 11, 2026

    Equities Investors Lose N293bn in Nigerian Stock Market

    November 11, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria
    • CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%
    • Equities Investors Lose N293bn in Nigerian Stock Market
    • Alternative Bank Appoints Gul Khan as MD/CEO
    • Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks
    • Ethereum Dips to $2.06K as ETH Stablecoin Market Share Plunges
    • Oando Advances Electric Transport Rollout, Targets Wider Adoption
    • XRP Price Falls 5% on ETF Outflow, Inflation Concerns
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, November 11
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » World Bank Group Launches 1st Digital Strategy to Expand Access

    World Bank Group Launches 1st Digital Strategy to Expand Access

    Julius AlagbeBy Julius AlagbeOctober 20, 2026 News No Comments4 Mins Read
    World Bank Group Launches 1st Digital Strategy to Expand Access
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    World Bank Group Launches 1st Digital Strategy to Expand Access

    The World Bank Group today launched its first digital strategy, bringing together its public- and private-sector capabilities to help developing countries expand affordable digital access, improve services, and create jobs.

    The strategy addresses four priorities: expanding connectivity; making devices and data more affordable; strengthening digital services and skills; and helping countries build the foundations to benefit from artificial intelligence.

    “Digital technology can help countries create jobs and make scarce resources go further. Realising that potential requires a comprehensive approach—from reliable connectivity and affordable devices to digital skills and useful services,” said World Bank Group President Ajay Banga.

    “Our first digital strategy brings these pieces together, helping countries build the foundations to benefit from today’s digital tools and the promise of small AI—AI for the people.”

    The launch comes as developing countries face twin challenges: constrained resources and a growing need for jobs. Over the next 10 to 15 years, 1.2 billion young people will reach working age in developing countries, while their economies are projected to create about 420 million jobs.

    Digital technology can support job creation across the World Bank Group’s five priority sectors: infrastructure and energy, agribusiness, health care, tourism, and value-added manufacturing. It can help businesses reach customers, improve productivity, and access finance, while reducing the cost of delivering public services.

    Yet substantial barriers remain. Over 2 billion people were offline globally in 2025. Only 23 percent of people in low-income countries used the internet, compared with 94 percent in high-income countries. Many people live within network coverage but cannot afford a smartphone or data, lack digital skills, or have limited access to services relevant to their needs.

    The strategy sets out four areas of action: Expand reliable connectivity. The World Bank Group will help countries address gaps across the network, from international cables and national connections to the networks serving homes, businesses, schools, and clinics.

    Its approach includes supporting shared infrastructure, encouraging competition, and using public finance and guarantees to help attract private investment into underserved markets. Where both electricity and connectivity are missing, the strategy supports planning for them together.

    Make devices and data more affordable. The strategy supports efforts to lower the cost of entry-level smartphones and broadband services that increase the cost of staying connected. Partnerships with manufacturers, mobile operators, financial institutions, and refurbishment businesses can help lower prices and expand responsible options for paying over time.

    Expand digital services and skills. The World Bank Group will support reliable systems for digital identification, payments, and secure information-sharing that make public and private services easier to access. It will also help countries strengthen digital literacy and training linked to employment, enabling more people and small businesses to use technology safely and productively.

    Build readiness for AI. The strategy will help countries strengthen connectivity, access computing resources, develop usable local data, and build skills. It emphasizes practical applications of “small AI”—tools adapted to specific tasks and local conditions, such as helping farmers identify crop disease, supporting health workers, or helping businesses manage inventory.

    Safeguards—from privacy to cybersecurity and fraud protection—run across all four priorities. The strategy brings together the World Bank Group’s financing, policy advice, private investment, and guarantees around country priorities.

    It also provides a basis for working with governments, technology companies, development partners, and philanthropy to extend digital opportunities to more people and businesses. Its aim is to help countries turn digital access into higher productivity, better services, and more opportunities to earn a living.

    Complementing the strategy’s AI readiness and adaptation priority, the World Bank Group also announced the AI Infrastructure and Readiness Initiative.

    This is a new effort to help governments in emerging markets access affordable compute capacity—and put small AI to productive use—through shared, pay-as-you-go GPU infrastructure (specialised computing power for developing and running AI applications), offering a practical alternative to standalone national data centres.

    The initiative will initially focus on Africa and Latin America, with knowledge partners including Cassava Technologies and NVIDIA. Fitch Revises Lagos State’s Outlook to Positive

    AI World Bnak Group
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

    CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%

    Equities Investors Lose N293bn in Nigerian Stock Market

    Alternative Bank Appoints Gul Khan as MD/CEO

    Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks

    Ethereum Dips to $2.06K as ETH Stablecoin Market Share Plunges

    Add A Comment

    Comments are closed.

    Editors Picks

    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

    November 11, 2026

    CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%

    November 11, 2026

    Equities Investors Lose N293bn in Nigerian Stock Market

    November 11, 2026

    Alternative Bank Appoints Gul Khan as MD/CEO

    November 11, 2026

    Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks

    November 11, 2026
    Latest Posts

    Afreximbank Commits $75m SME Finance Facility to Development Bank of Nigeria

    November 11, 2026

    CBN Hikes 1-Year Nigerian Treasury Bill Rate to 15.89%

    November 11, 2026

    Equities Investors Lose N293bn in Nigerian Stock Market

    November 11, 2026

    Alternative Bank Appoints Gul Khan as MD/CEO

    November 11, 2026

    Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks

    November 11, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.