Browsing: Digital trade

Ope Babalola. He is the Managing Director of Webb Fontaine. www.theexchange.africa
  • Digitalization brings new opportunities in trade and creates the potential to underpin resilience in times of crisis
  • The digital transformation of customs and borders in Africa could improve efficiencies in processes and yield trade gains on the continent of US$20 billion a year
  • Single Window can cross-check credentials for consistency and traceability, reducing errors and fraud

The digital transformation of customs and borders in Africa could improve efficiencies in processes and yield trade gains on the continent of US$20 billion a year.

Digitalization brings new opportunities in trade and creates the potential to underpin resilience in times of crisis.

The digital transformation of customs and borders in Africa could improve efficiencies in processes and yield trade gains on the continent of US$20 billion a year. With digital trade in place, pre-existing bottlenecks in infrastructure can be tackled, efficiencies can be leveraged, and Innovative solutions can be harnessed. However, countries in …

It will be a year in March since most governments in Africa put in place stringent measures to curtail the spread of COVID-19. These containment measures have led to major losses in many businesses, and left thousands jobless.

According to the United Nations International Labour Organisation (ILO), reduced working hours or job losses as a result of COVID-19 crisis cost the world approximately 255 million jobs in 2020.

Although the full economic impact of the current crisis is still not entirely understood, many people have suffered one blow or another as a result of the pandemic. The International Monetary Fund (IMF) estimates global GDP contraction in 2021 to be 5.2 percent, an uneven and partial recovery from the projected 4.4 percent growth in 2020.

Across the world, people are experiencing lockdown fatigue as a result of being torn between following restrictions or exercising some form of freedom by ignoring certain …