Category: E-commerce (en)

Goodwell Invests in OmniRetail, Boosting West African Informal Retailers

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Goodwell Investments, a firm specializing in impact investments for emerging markets, has announced a strategic investment in OmniRetail. This B2B e-commerce platform tackles the challenges faced by West Africa’s vast informal retail sector through digital solutions. The investment, made through Goodwell’s uMunthu II fund in collaboration with long-term partner Alitheia Capital, kickstarts OmniRetail’s Series A fundraising round. Goodwell takes pride in being the first investor, highlighting its commitment to supporting businesses that promote financial inclusion in underserved communities. Fueling Growth Across West Africa This investment fuels OmniRetail’s expansion plans across…

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ALGERIA: PUBLICATION OF AN INFORMATIVE GUIDE ON E-COMMERCE

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Publication d'un guide informatif sur le commerce électronique © Algeria Press Service قدمت بواسطة

Algerie Presse Service – The guide, which comprises four main sections addressing the conceptual framework and risks related to online purchases, provides citizens with advice on how to conduct e-commerce transactions in accordance with the provisions of Law 18-05. It also offers a number of tips to ensure safe online shopping. The guide also discusses the main methods and techniques of online scams and fraud, as well as how to react to these phenomena. The aim is to raise awareness among citizens and enhance their vigilance when engaging in online purchases.…

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E-commerce in Africa: A rapidly growing market expected to reach $180 billion by 2024

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According to the report “Future of Commerce: Outlook for 2024” published by the consulting firm McKinsey & Company, e-commerce in Africa is expected to reach $180 billion by 2024. This represents a growth rate of 25% per year, compared to 15% globally. This growth is driven by several factors, including: Population growth: Africa is the world’s youngest continent, with a population of over 1.3 billion people, of which 60% are under 25 years old. This growing population has a growing purchasing power and is becoming increasingly connected to the internet. Urbanization: Africa…

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African Development Fund, Smart Africa Alliance launch $1.5 million project to enhance digital trade and e-commerce ecosystems across Africa

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The project will see to the implementation of regional training and capacity-building programs focusing on cross-border e-payment and e-commerce for governments, private sectors, and SMEs The African Development Fund and Smart Africa Alliance have jointly launched a $1.5 million project to streamline digital trade and e-commerce policies across 10 African countries. The Institutional Support for Digital Payments and e-Commerce Policies for Cross-Border Trade Project (IDECT (https://apo-opa.info/3L9ZNqA)) will evaluate policy gaps in the digital trade and e-commerce ecosystems of Côte d’Ivoire, Benin, Ghana, Liberia, Uganda, South Sudan, Zimbabwe, the Republic of…

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E-COMMERCE : A New Era of Digital Retail in Africa

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According to Google Africa, the continent is home to 19 of the top 20 fastest-growing countries in the world, and its internet economy has the potential to grow to $180 billion by 2025 Exploring innovation coupled with cutting-edge tech is on the up as brands and retailers consider what, when and how to ride the new wave of consumerism in Africa. With the future of digital retail in Africa an exciting and ever-changing landscape.   Africa Overview Customer expectations are forcing retailers to reassess the service they provide, not just…

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The emerging markets e-commerce opportunity

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Author: Mike Bhaskaran, Group COO of Digital Technology at DP World Online retail has boomed in the last two years, triggered by the pandemic which drove consumers to buy their goods on the internet. While this presented a major challenge for bricks-and-mortar retailers, it created a lucrative opportunity for online vendors and e-commerce platforms. Meta most recently jumped on this trend, partnering with JioMart to improve consumer access to food and goods in India – allowing them to make purchases within WhatsApp, a platform used by over 100 million users…

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Launching of the China-Middle East and North Africa International Trade Digital Expo 2022

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BEIJING, China, October 8, 2022 The ‘China-Middle East and North Africa International Trade Digital Expo 2022’, sponsored by the China Council for the Promotion of International Trade (CCPIT) (https://en.CCPIT.org) and co-organized by the China International Chamber of Commerce (CCOIC) and Beijing Massbetter International Exhibition Co., Ltd., will be held online from October 19 to 28. More than 1,000 enterprises and 10,000+ buyers and visitors from China and overseas are expected to participate in this highly successful annual event.   In the post-pandemic era, the expo will play an important role in…

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Opening of the China-Central and West Africa International Trade Digital Expo 2022

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BEIJING, Sept. 6 (Xinhua) — The China-Central and West Africa International Trade Digital Expo 2022 opened online on September 1. The expo, co-organized by the China Council for the Development of International Trade (CCPIT) and the China-Africa Development Fund (CAD Fund), will be held from September 1 to 10. Attracting 811 exhibitors and more than 8,000 buyers, the exhibition covers various fields, such as agriculture, transportation, information and communication, business services, construction and building materials, infrastructure, medicine and epidemic prevention, beauty and fashion, protection and safety at work. Six meeting…

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Fintech company Bizao raises €8 million to become a leading payment hub in Africa

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PRESS RELEASE Bizao, a fintech dedicated to the African market, announces that is has recently closed its €8 million series A funding round which was led by key investors including AfricInvest, Adelie, and Seedstars Africa Ventures. Since 2019, Bizao has secured, in 10 African countries, over 30 partnerships with telco operators, banks, and mobile money service providers. This geographical coverage has enabled Bizao’s team to build, over time, a unique payment hub which allows businesses in West and Central Africa to accept credit cards payments along with mobile money and…

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Kwik Launches Kwikstore, an Easy-To-Use E-Commerce Solution to Help African Merchants Sell Online from their Smartphone

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KwikStore is a free ecommerce storefront solution that allows any African business owner, merchant, social vendor entrepreneurs and SMEs to create their own online stores LAGOS, Nigeria, July 22, 2022/APO Group/ —  Kwik (Kwik.delivery) is expanding its offer of digital services today with the launch of KwikStore –  adding yet another exciting service to the already sensational offer it brings to African business owners and social vendors. KwikStore is a free ecommerce storefront solution that allows any African business owner, merchant, social vendor entrepreneurs and SMEs to create their own…

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