Sub-Saharan Africa is effectively
divided into three regions
with three leading countries when it comes to scale and digital commerce -
West Africa (Nigeria),
East Africa (Kenya),
Southern Africa (South Africa).
sought after when it comes to digital commerce and payment
critical mass and a
coming together of the elements required for successful eCommerce at scale.
Sub-Saharan Africa GDP growth is expected to go from 3.1% in 2019 to negative 1.6% in 2020 and 4.1% in 2021. Closing down their borders and economies quickly was a good move by key eCommerce territories like South Africa, Nigeria and Kenya.
Other high growth countries like Ghana, Côte d'Ivoire, Senegal, Ethiopia and Tanzania will grow slower but still have positive growth rates mainly because they are less affected by drop in deman...
NOTES FOR VIDEO:
Few smartphones but rapid growth
Sub-Saharan Africa smartphone usage is 34% vs global average (59%)
adoption rate is growing rapidly.
250 million smartphone connections in 2017,
Expecting 67% smartphone ownership by 2025.
South Africa has the highest smartphone usage of 51% owning a smartphone.
Governments exploring digital currencies
In addition to ...
Cost an average of about 9% compared to the global average of 6.8%
Very important in Sub-Saharan Africa and a key component of economic income.
25 million expats send home more than $48 billion a year.
Sub-Saharan Africa has had the fastest growing migrant populations since 2010.
Many African countries are rapidly imposing capital controls in order to shore up their forei...
Notes for video:
Catalysts for Adoption
Exchanges building a network across the continent: Luno, Huobi, NariaEx, AltCoinTrader, Paxful, PayPlux, Quidax, AZA Group, Acoin, Ice3x, VALR, Binance, Coindirect, Remitano.
HIGH INFLATION - Over the past 20 years, the majority of African nations have suffered from high inflation rates, robbing citizens of wealth and purchasing power.
Zimbabwe for eg
Bitcoin and other crypt...
According to an announcement on Tuesday, Facebook subsidiary and Libra wallet provider Calibra has now been rebranded to Novi
The first wallet product from the firm is intended to hold Libra’s various digital currencies, once the Facebook-led initiative goes live.
Novi said still committed to helping people around the world access affordable financial services.
The digital wallet will operate as a standalone app, as well as providing interoperabil...
NOTES FOR VIDEO: most promising region for the adoption of cryptocurrencies.
combination of economic and demographic trends.
adoption is relatively low, the potential is enormous, rapid,
development is likely to become defining for the cryptocurrency industry going forward.
A young population, failing currencies and costly payments
diverse region, some key similarities and trends.
Economic problems - high inflation rates and v...
The payments system is antiquated and the way we transfer and distribute value has lots of room for improvement.
Transferring value . . quickly and cheaply . . without a third party. Just like we transfer data like emails or photos.
Payment blockchains are solving for currency volatility and settlement transaction times and cost.
Current payments companies use a digital IOU that is sent in place of actual money. With crypto t...
Sub-Saharan Africa is effectively divided into three regions with three leading countries when it comes to scale and digital commerce - West Africa (Nigeria), East Africa (Kenya), Southern Africa (South Africa). These are currently the territories that are sought after when it comes to digital commerce and payment as they have critical mass and a coming together of the elements required for successful eCommerce at scale.
Facebook launches Shops to bring more businesses online during the pandemic
Backed by shopify who already work really well with instagram
Facebook . . REACH AND OLDER AGE DYNAMIC AND ADS
Instagram . . INFLUENCERS AND YOUNG AND SOCIAL COMMERCE READY . . DESIGNERS . . DIGITAL AGE PEOPLE
Whatsapp . . CONNECTING THE WORLD WITH NO COST COMMS AND BUSINESS SUPPORT . . DSTV
ALL THAT DATA ACROSS THEM ALL . . THE POWER OF THESE BIG TECHS FURTHER E...