Ivory Coast
EBRD2025: African tech is flourishing, but it still has a long way to go
Africa benefits from an incredibly young, tech savvy population; over 60% of the population is under 25 years old and in just Senegal the average age of the population is a mere 19 years old. That makes it a hotbed for tech development.
EBRD2025: EBRD to launch operations in Nigeria, Côte d’Ivoire and Benin as expansion into Africa continues
The EBRD decided in 2023 to amend the bank’s charter and allow expansion into Sub-Saharan Africa and Iraq.
Sub-Saharan Africa is home to 16% of the global population but 67% of extreme poverty - OWID
Every twelfth person in the world still lives in extreme poverty. That means surviving on less than $2.15 per day (adjusted for differences in living costs between countries).
Russia's expanding pull in Africa is pushing Western influence out
Moscow’s expanding presence in Africa has largely unfolded in silence, but the shift it represents is profound. Like in the game of Risk, Africa’s sheer size and its treasure trove of untapped raw materials is becoming increasingly important.
EBRD delivers 26% expansion in investments in 2024, commits record €16.6bn across economies
Lender notes strong momentum in green and gender financing, in parallel with steadfast support for Ukraine and its real economy.