by SAVIOUS KWINIKAJOHANNESBURG, (CAJ News) – THE African electronic commerce (e-commerce) market is projected to reach annual revenues of US$46,1 billion by 2025. This as smartphones and internet technologies become increasingly accessible in the continent, making it a lucrative market for the e-commerce industry. Statistics, forecast the African e-commerce industry to grow at a compound annual growth rate (CAGR) of 24,7 percent between 2017 and 2024. “The growth in the African e-commerce industry is primarily down to the expanding e-commerce user base on the continent,” said Vyom Chaudhary, an editor at StockApps. “Therefore, there is significant room for further growth in the African e-commerce industry,” Chaudhary concluded.

Source: The North Africa Journal June 09, 2022 22:24 UTC