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ESWATINI TO BENEFIT FROM UK PROGRAMME

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MBABANE – The country is set to benefit from a United Kingdom programme that will enhance trade through networking as well as private and public partnerships.

The Ezulwini-based British High Commission, in a correspondence shared to this publication, confirmed the launch of UK ‘tech for growth’ programme to increase access to financial services in Africa. It was launched by the UK Department for International Trade (DIT) on Monday. It  will enhance the role technology can play in  expanding  access  to  financial  services  in  emerging  markets,  starting  with Africa.

“The  programme  will  enhance  trade  between  the  UK  and  Africa  through networking, private and public partnerships, and in-country capacity building. An ongoing research programme will address market access barriers currently limiting the role of technology in delivering trade alongside sustainable development goals,” reads the correspondence in part.

Services

The first year of the programme will be piloted across Africa, where access to financial services remains low. There are further plans for the programme to expand globally across South East Asia and Latin America. In its first year, ‘Tech for Growth’ will deliver three pillars of activity. They include establishing  a  UK-Africa ‘Tech for Growth’ community designed  to  expand  access  to financial  services  for  underserved  communities. 

It  will  include  events  across  the  UK and  Africa  to  promote  partnerships  between  British  and  African  technology  and financial services companies. The other pillar speaks to empowering UK-Africa FinTech trade by highlighting commercial opportunities, leverage research, and addressing barriers that currently inhibit successful scaling of the FinTech sector.
Also on the agenda is supporting the growth of future tech markets by collaborating with African governments and regulators to grow their tech sector, and develop future trading partnerships with the UK. 

 

 

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