The 2020 Africa's E-commerce conference will address the issue of lack of critical (e-commerce) infrastructure and the need to promote policies that increases the local contents of Africa's e-commerce.
Conference Fee ₦100,000.00
The fee covers the cost of conference materials, lunch and tea/coffee breaks.
- 08:00 - 09:00
- 09:00 - 10:00
- 10:00 - 11:00
- 11:00 - 12:00
- 12:00 - 13:00
- 13:00 - 14:00
- 14:00 - 15:00
- 15:00 - 16:00
The role of an efficient payment system in enabling sustainable growth of e-commerce in Africa. Positioning African e-commerce for sustainable growth and global relevance: the legislative and judicial policy imperatives. Enabling sustainable growth of African e-commerce through development of appropriate local contents initiatives.
2020 Africa’s Ecommerce Conference
Africa, with its diverse 1.4bl population staggered across 54 countries has been described as the next e-commerce frontier. Numerous reports from reputable international research consultancies attest to this. Global consultancy, Mckinsey is predicting that will grow by about $75 billion by the year 2025.
The research firm Statistica, was even more optimistic in its report. It is predicting that African e-commerce, which from its estimates generated $27 billion in 2017, will gross $29 billion by the year 2022. However, it must be emphasized e-commerce in Africa still has long way to go, if its volume and the profitability of its transaction must match international comparisons.
Research firm Statistica, revealed that the value of African E-commerce in the year 2017 which stood at an estimated $27billion , is just 1.1% of total global value of e-commerce which stood at $2.3 trillion as at 2017. It can be safely assumed that Africa is yet to attain its full potentials in e-commerce, especially when its population of 1.6 billion roughly equal to 1.6667 billion customers that generated the global e-commerce sales volume of $2.3 trillion in the year 2017.
In addition to this conversation, not only is the value and volume of e-commerce still low in Africa, e-commerce in Africa is still largely unprofitable. Disrupt Africa, an e-commerce research consultancy in its 2017 report titled “African shopping: exploring the African e-commerce ecosystem” reported that about 75% of Africa’s e-commerce start-ups are unprofitable.
This reinforces the fact the imperativeness of putting in proactive policy initiatives and visionary action plans if Africa is to be able to successfully take its giant leap forward in e-commerce, thereby achieving its full potentials.
Africa’s E-Commerce: The Potential And The Promise Of Growth
Africa is home to about 1.25 billion people inhabiting 54 countries. The exponential growth in the use of mobile telephony has contributed a great deal to the development e-commerce in Africa. In fact, Africa has been described as a mobile e-commerce market.
E-commerce in Africa is dominated by three (3) countries namely: Nigeria with a population of 195 million people and an internet penetration of 48%; Kenya with a population of 48.5 million and an internet penetration of 75% and South Africa with a population of 55 million and an internet penetration of 54%. The research firm STASTICA estimated that African e-commerce generated an estimated revenue of $16.5 billion in the year 2017. The research firm is predicting that revenue from e-commerce in Africa will reach by the year 2022.
This conference is intended to achieve the following:
✅ The need for the stakeholders of African E-commerce to begin to vigorously advocate and articulate for the putting in place of policies that will enhance the rate of internet penetration and access in Africa. Out of the estimated 7,634,758,428 worldwide internet users as at June 30, 2018, only 1,287,914,329 users representing a dismal 16, 9% of total world users are in Africa. Again when we compare the global average of internet penetration, which stood at 255.1% as at June 30,2018, to the African average of 36.1%, it will be seen clearly that there is still need to articulate policies that will enhance internet penetration and access across the African continent.
✅ The 2020 Africa’s E-commerce conference will address the issue of lack of critical e-commerce infrastructure such as: power, broadband access, public postal system etc.
✅ The proposed conference will need to promote policies that will increase the local contents of Africa’s e-commerce. Local content is defined in terms of availability of tradable goods and services and locally developed software.
✅ The conference will address unfolding issues of privacy, security, customers, and transactions authentication protocols; issues which are becoming crucial and critical in any effort to grow e-commerce globally.
✅ The conference will advocate the importance for Africa’s e-commerce, the signing, ratification and implementation of all protocols and conventions that promotes free trade; the use of electronic communication in foreign trade and contracts and the protection of intellectual property.
✅ The conference will articulate policies that will enable African economies deploy e-commerce as a tool to: drive the growth of the small and medium scale enterprises sector; tackle the disturbing incidence of youth unemployment and for the eradication of poverty in the continent.
✅ The 2020 Africa’s e-commerce conference will discuss the imperative of African economies driving commercial and financial inclusion through e-commerce. This becomes urgent and compelling now that globalization is pulling down growth-impeding barriers erected by cultural, political, and social antecedents.
⮚ Chief executive Officers from the private and public sector
⮚ Chief executive & chief operating officers from online businesses
⮚ Chief executive &chief operating officers in InfoTech companies
⮚ Chief operating officer from the private and public sector
⮚ Policy makers from the executive and legislative arms of government
⮚ Researchers from the educational sector
⮚ Sales and marketing executive
⮚ Sales, marketing and Technology executives from the private and public sectors.
Conference Organisers: Safeweb Associates Limited / Vital Values Limited
Address: 13, Majaro Street, Onike, Yaba, Lagos