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Blog: Why is there an e-commerce boom in Africa?
2015 continues to see an unprecedented e-commerce boom in Africa. Africa’s business growth over the last couple of years has also brought e-commerce at the forefront on the continent for several reasons. However, it is important to segment the catalysts for such explosion in e-commerce and to evaluate the core of its success.
Popular conclusions point to the importance of a growing access to the Internet and the shift to secure funding for e-commerce ventures. In several fast growing economies in emerging markets over the past few years, business prospects have shifted focus to e-commerce platforms as Ventureburn pointed out back in March 2015, there are several large donors that are now pouring funds into e-commerce platforms across the African continent in particular. Forbes also discussed some of these institutions that are taking advantage of this growing trend in e-commerce markets by securing funding from major donors such as Africa Internet Group (AIG), MTN, and Kinnevik. In this article last fall, they cited that many e-commerce companies although young, already have evaluations upwards of 500 million dollars. Surprising for some, but not so much to those that are tracking Africa’s rapid business evolution.
“Median of 30% of sub-Sahara Africans are using their cell phones to make payments”. Analysts have also focused on the increase in the Internet penetration across the continent and relate its adaptation to e-commerce growth. McKinsey made a direct connection between the two when they “predicted that the e-commerce market in Africa will grow to $75 billion by 2025” in their report on Internet growth on the continent in 2014. The Internet, including rapid use of mobile data, is expanding quickly but most notably in South Africa, Kenya... Read More
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KnocKnockAfrica
We will be selling artworks that art lovers can buy directly from African Artists. Invite your artist friends to register on KnocKnockAfrica to connect directly to African art lovers.
KnocKnockAfrica Introduction Video
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Cultural Diplomacy: America's arts industries have a growing international audience: U.S. exports of arts goods (e.g., movies, paintings, jewelry) increased from $56 to $64 billion between 2009 and 2010, up 12 percent. With U.S. imports at just $23 billion, the arts achieved a $41 billion trade surplus in 2010. In addition, The U.S. Department of Commerce reports that the percentage of international travelers including museum visits on their trip has grown annually since 2003 (17 to 24 percent), while the share attending concerts and theater performances increased in the five of the seven years since 2003 (13 to 17). - See more at: http://www.americansforthearts.org/news-room/press-releases/2012/arts-industry-turns-corner-after-great-recession-according-to#sthash.edFvMoYy.dpuf
We do cultural diplomacy and showcasing your authenticity also requires exposing your culture to the world through arts which can be delivered in different forms- paintings, sculptures, dances, films, photography, theater and more...
1. Stimulating content messaging
2. Constant and consistent engagement
Content messaging and consistent engagement allows one to share their cultural richness, and we are here to assist stakeholders engage in cultural diplomacy in addition to enhancing the digital presence of stakeholders. We provide customized solutions to stimulate, build and engage your target audience.
African countries with rich cultural heritage, diversity and uniqueness have an opportunity to share their cultural stories, in addition to the investment opportunities. We are here to promote that information.
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