Zimbabwe Progresses in Digital Financial Inclusion with IDECT Initiative

Zimbabwe has taken huge step towards enhancing its digital economy, hosting a three-day engagement visit as part of the Innovative Digital Economy and E-commerce for Transformation (IDECT) initiative. The project aims to bolster e-commerce, digital trade, and cross-border payment systems within the nation.

The initiative, a collaboration between the African Development Bank (AfDB), the Reserve Bank of Zimbabwe (RBZ), and the Ministry of Finance, Economic Development and Investment Promotion, seeks to integrate Zimbabwe into the growing digital trade landscape.

Permanent Secretary for Information Communication Technology Postal and Courier Services, Beaullar Chirume, emphasized the vital role of digital payment platforms in fostering trade and strengthening international connections.

Head of Operations at RBZ Julia Njobo, stressed the importance of regional integration, noting the need to understand the steps required to establish a unified digital platform within the region.

The IDECT initiative is a $1.5 million project initiated by the African Development Fund and Smart Africa Alliance, designed to enhance digital trade and e-commerce policies across ten African nations, including Zimbabwe.