Post by rakhirani on Feb 25, 2024 4:41:27 GMT -5
Algeria Tunisia Botswana Libya South . Algeria has the highest HDI among nonisland African countries and is the most developed country in North Africa. Africa is going its own way As experts emphasize the development of ecommerce will not follow the path known from other countries. The starting point is the specificity of local purchases and the importance of the gray zone especially in countries belonging to SubSaharan Africa which may concern half of economic production and percent. employed. A key role is played by informal sellers small retail stores often run from home offering basic goods and services the socalled mom and pop stores . They are located close to consumers within their local communities.
They not only sell but also provide loans. In some countries Egypt Mobile Number List they account for half or even percent. total food sales. Consumers regardless of income use their services for convenience flexibility of creditbased payments fresh food products and lower prices . Customers are too poor to buy more goods at once or travel to large stores. However this creates pathologies because intermediaries make money on the supply of goods imposing high margins on goods purchased in bulk. This ineffective system creates opportunities for ecommerce startups notes The Economist weekly. Kenyas Twiga buys products directly from farmers and transports them to warehouses from where they go to sellers who place orders via the application.
The style of shopping translates into the popularity of sales via social media. million people use social media most often Facebook and WhatsApp percent of them in North Africa. Especially after the pandemic Facebook experienced record growth in South Africa of up to . Fintech has a future One of the derivatives of the gray market is the popularity of cash. In some countries half of adults do not have a bank account . in Ghana percent in Nigeria percent in Ethiopia. Against this background the leaders are Kenya and South Africa where eight out of ten people have bank accounts every second resident of Nigeria and four out of ten in Morocco or Egypt.
They not only sell but also provide loans. In some countries Egypt Mobile Number List they account for half or even percent. total food sales. Consumers regardless of income use their services for convenience flexibility of creditbased payments fresh food products and lower prices . Customers are too poor to buy more goods at once or travel to large stores. However this creates pathologies because intermediaries make money on the supply of goods imposing high margins on goods purchased in bulk. This ineffective system creates opportunities for ecommerce startups notes The Economist weekly. Kenyas Twiga buys products directly from farmers and transports them to warehouses from where they go to sellers who place orders via the application.
The style of shopping translates into the popularity of sales via social media. million people use social media most often Facebook and WhatsApp percent of them in North Africa. Especially after the pandemic Facebook experienced record growth in South Africa of up to . Fintech has a future One of the derivatives of the gray market is the popularity of cash. In some countries half of adults do not have a bank account . in Ghana percent in Nigeria percent in Ethiopia. Against this background the leaders are Kenya and South Africa where eight out of ten people have bank accounts every second resident of Nigeria and four out of ten in Morocco or Egypt.