ecommerce site in
Ethiopia
Unimoni rebrand targets 14 African
markets
The UAE Exchange has rebranded its Africa Operations as
Unimoni and announced plans to invest USD 100 million to expand its Africa
operations over the next decade...
2 DAYS AGO
5 expectations of the African
millennial consumer
As the largest consumer group in the world today, it is
impossible to ignore the impact millennials have had - and will continue to
have for decades to come as they settle into their prime spending years...
19 JUL 2018
New Pan-African B2B marketplace
"a one-stop-shop for all things African"
Afrimart, a Pan-African business to business (B2B)
e-commerce platform for products made in Africa, has just been launched,
offering growth prospects for the less exploited intra-Africa trade...
18 JUL 2018
AfricaCom 2018 launches conference,
expos
Shaping Africa's digital future - AfricaCom launches free
headliner conference tracks with worldclass speaker lineup...
16 JUL 2018
The future of retail: Clicks, bricks
and data-driven insights
Over the last 15 years, technology has reshaped the face
of global retail. With billions of people spending more time online each day,
the way we buy things has evolved...
African entrepreneurs join Alibaba's
eFounders Fellowship in China
Twenty-nine (29) African entrepreneurs have completed the
two-week eFounders Fellowship programme in China, an initiative run by Alibaba
and the United Nations Conference on Trade and Development...
Visa partners Ivorian government to
bring e-payment solutions
The Ivorian government has signed MOU with Visa with an
aim to digitise government services and ensure financial services are
accessible to more Ivorians...
5 JUL 2018
AfCFTA will foster partnerships among
e-commerce firms: Jumia CEO
The African Continental Free Trade Agreement will
encourage partnerships among e-commerce firms within the continent, and impact
Nigeria's growing economy significantly, believes the CEO of Jumia Nigeria...
27 JUN 2018
Harnessing the evolutionary power of
smart packaging in Africa
For the last few years, packaging industry professionals
have been curious about the future of smart packaging. Whilst barcodes and QR
codes were once considered the "next big thing", the acceleration of
technology is transforming smart packaging...
15 JUN 2018
Kenya's Sip simplifies drinks
distribution in Nairobi
Kenyan startup Sip is simplifying the distribution of
alcoholic beverages in the country's capital, and is eyeing growth in the B2B
space...
Global digital commerce spend
forecast to reach $14.7tn by 2022
Global consumer spend on digital commerce will reach
$14.7tn by 2022, up by 60% on last year's figure of $9.2tn. It's expected to
approach $15tn annually...
6 JUN 2018
Zambia's eMsika helping farmers buy
agricultural inputs
Zambian startup eMsika is helping farmers find, buy and
receive agricultural inputs in a fast, trustworthy and convenient way, as well
as access markets for their produce...
Innovative e-commerce approaches can
help small businesses in Africa
Africa's growing digital economy is fast changing how
business is done on the continent. Trading of goods and services online is
estimated to be worth $24bn...
Mozambique's Izyshop secures funding
round
Mozambican e-commerce startup Izyshop has secured an
undisclosed funding round from local firm DHD Holding to allow it to grow its
product offering...
Kenya's Wagon Shopping posts strong
growth as it seeks funding
Kenyan e-commerce startup Wagon Shopping processed
KES405,000 ($4,000) worth of orders in the first quarter of this year, up 675%
from last year, as it positions itself for a funding round...
Mauritius: E-commerce service
launched to promote local operators
The e-commerce service of the tax-free shopping digital
portal Shopping Mauritius, an online platform to showcase products of tax-free
shopping and handicrafts operators of the Creative Mauritius, was launched on
11 May...
17 MAY 2018
Moroccan e-commerce platform Hmizate
expands into fintech
Moroccan company Hmizate, which since 2011 has provided an
e-commerce platform offering users access to goods, food, travel services and
deals, has expanded into fintech with the launch of HmizatePay...
Attention Android users! Be wary of
malicious apps
According to Waspa, the ongoing shift to mobile and
Android's open source appeal has seen increasing attacks on mobile users
through malware and ransomware inadvertently downloaded at app stores...
7 MAY 2018
The role of mobile in building brand
loyalty
With falling consumer confidence and a slow economic
growth outlook, brands are intensifying the fight for consumer loyalty...
Kenya: Mobile commerce deals pass
$10bn mark
The value of mobile commerce transactions in Kenya has
passed the Ksh1 trillion ($10 billion) mark for the first time...
16 APR 2018
Kenya's MoBar Delivery brings alcohol
to your door
Kenyan startup MoBar Delivery is connecting consumers with
suppliers via couriers using a mobile app, streamlining and simplifying
distribution of goods, starting with alcohol...
#ECMA18: It's not an apocalypse, it's
a retail revolution
As store closures continue across the globe, we're
witnessing the demise of physical retail as we know it...
Digital consumers + seamless
engagement = an epic experience
Over the next five years, digital technologies will
dramatically disrupt how consumers will engage with retail brands well into the
future...
Ethiopia - eCommerce
Describes how widely e-Commerce is
used, the primary sectors that sell through e-commerce, and how much
product/service in each sector is sold through e-commerce versus
brick-and-mortar retail. Includes what a company needs to know to take
advantage of e-commerce in the local market and , reputable, prominent B2B
websites.
Last
Published: 6/21/2017
Electronic commerce is
still in its infancy in Ethiopia and is rarely used. The Government of
Ethiopia (GOE) is preparing a draft national law to govern e-Commerce.
Ethiopian banks use debit cards and automated teller machines (ATM) but have not yet started issuing credit cards. Most Ethiopians do not have credit cards and internet connections are slow, expensive and unreliable. However, internet service has recently improved as a result of Ethiopia's connection to Seacom's underground/sea fiber optic cable through Djibouti. In 2016, Ethio Telecom announced the launch of a fourth generation Long Term Evolution (4G LTE) service in the city of Addis Ababa.
Automated Teller Machines (ATMs) are also finally interconnected, in May 2016, enabling an ATM cardholder to withdraw funds from any ATM machine of the 18 commercial banks operating in Ethiopia. ET Switch S.C, a shared ownership company with the commercial banks, was created to improve bank-to-bank integration. According to sources at ET Switch S.C., the service is expected to be used by over 5 million ATM card users across the country.
Ethiopian banks have started using primary internet transactions through mobile and card banking services. These technologies followed the launch of centralized, online real-time, electronic banking solutions that have increased customers. There is still a long way to go to improve the digital financial services delivery system. Currently, foreign firms are engaged as technology service providers for various financial inclusion projects of the GOE.
Ethiopian banks use debit cards and automated teller machines (ATM) but have not yet started issuing credit cards. Most Ethiopians do not have credit cards and internet connections are slow, expensive and unreliable. However, internet service has recently improved as a result of Ethiopia's connection to Seacom's underground/sea fiber optic cable through Djibouti. In 2016, Ethio Telecom announced the launch of a fourth generation Long Term Evolution (4G LTE) service in the city of Addis Ababa.
Automated Teller Machines (ATMs) are also finally interconnected, in May 2016, enabling an ATM cardholder to withdraw funds from any ATM machine of the 18 commercial banks operating in Ethiopia. ET Switch S.C, a shared ownership company with the commercial banks, was created to improve bank-to-bank integration. According to sources at ET Switch S.C., the service is expected to be used by over 5 million ATM card users across the country.
Ethiopian banks have started using primary internet transactions through mobile and card banking services. These technologies followed the launch of centralized, online real-time, electronic banking solutions that have increased customers. There is still a long way to go to improve the digital financial services delivery system. Currently, foreign firms are engaged as technology service providers for various financial inclusion projects of the GOE.
Prepared by our U.S.
Embassies abroad. With its network of 108 offices across the United States and
in more than 75 countries, the U.S. Commercial Service of the U.S. Department
of Commerce utilizes its global presence and international marketing expertise
to help U.S. companies sell their products and services worldwide. Locate the
U.S. Commercial Service trade specialist in the U.S. nearest you by visiting
http://export.gov/usoffices.
This is surely a very good blog, thanks a lot for sharing such nice information here.
ReplyDelete100kblueprint4review.net