Tag Archives: Informal markets
Informal markets: Latest News
Tom Jackson, 3:38 pm AFKI Original
Informal markets represent an incredible opportunity in Africa. In Zambia, for example, the informal sector accounts for 90 percent of employment, and represents well over one million informal businesses. Key areas that need exploring are agribusiness, textiles, timber and forestry, as there are huge opportunities to disrupt smallholder enterprise systems and introduce innovative concepts that can be sustainable and profitable.
Dana Sanchez, 12:04 pm
Like the U.S., malls in Nigeria have become hangouts for the young and destinations for families. Their rarity — and air conditioning — create a sense of exclusivity. With its rising middle class, Africa’s most populous country is embracing mall culture but modern-format malls and supermarkets are not necessarily conveniently located for most buyers. This makes traditional markets still very relevant in modern-day African society.
Dana Sanchez, 11:23 am
The potential for formal retail expansion in Africa is impressive. About 90 percent of transactions in the African retail market still occur through informal channels. It’s even higher in West African markets such as Ghana, Nigeria and Cameroon — 96-98 percent. This compares to 40 percent in South Africa — the continent’s most mature retail market.
Makula Dunbar, 11:44 am AFKI Original
Vahid Monadjem, CEO of Nomanini recently sat down with AFKInsider to discuss the creation and future plans for his company’s hardware device, which is used for various cash transactions. Targeting areas in Africa where cellphone connectivity and electricity may be an issue, in part one of our interview Monadjem expands on Nomanini’s transformation and disrupting informal markets.
- Real Estate