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Building Africa’s digital markets [Business Africa]

Building Africa’s digital markets [Business Africa]

Business Africa

<p>Kenya, South Africa and Nigeria lead the continent in the performance of e-commerce as they have all recorded approximately 6 percent of overall trade as being conducted in digital platforms as at the end of 2017.<br /> Kenya has one of the most advanced mobile money payments systems in the world with about 85 percent of adults having a mobile bank accounts.</p> <p>According the <span class="caps">UNCTAD</span>, high financial inclusion is not a sufficient condition to catalyze e-commerce especially in the rural areas on the continent that lack physical infrastructure to provide efficient delivery systems. <br /> It is on this basis that <span class="caps">UNCTAD</span> and the Africa Union have jointly organized the first <span class="caps">UNCTAD</span> Regional e-commerce week that will take place from Dec. 10 to 14 in the Kenyan capital city of Nairobi.</p> <p>Pilar Fajarnes, economic affairs officer from <span class="caps">UNCTAD</span> joined us on the program for more on the report.</p>