Browsing: africa’s billionares

The reduction in the world population of billionaires was down to war, the pandemic, and what Forbes described as sluggish markets. All the billionaires of the world are collectively worth US$ 12.7 trillion dollars!

For perspective, if the common market that AfCFTA area aims to achieve in Africa is realized, it would be worth one-third of the collective wealth of the world’s global billionaires.

The wealth of the 2,668 billionaires collectively is 4 times higher than China’s foreign exchange reserves. As spectacular as this may sound this collective number of the wealth of billionaires is US$ 400 billion lower than the collective tally for 2021.…

Kenya’s eCommerce revenue is projected to hit $1.5 billion in 2021.

This follows an increase in the number of people who buy goods online. According to the latest statistics,  526 million Internet users are opting to buy goods at the click of a button.

As a result, digital platforms have been investing heavily in improving their digital infrastructure.

Patrick Ndegwa, the SEACOM East Africa Business Sales Lead, through a press release, has given an insight on Africa’s leading eCommerce platform and what developments can be expected regarding key policies and trends in online commerce today and in the future.

2021’s new trends

Ecommerce companies are putting considerable efforts into improving their digital infrastructure to meet increasing demands.

Mr. Ndegwa notes that transaction-management capabilities remain a priority, as more customers are purchasing on mobile devices and looking for credit options.

According to him, giving customers personalized, omnichannel experiences that also enable …