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              Africa: Launch of PAPSSCARD Marks Major Leap Toward Financial Sovereignty and Intra-Continental Trade Integration

              Africa: Launch of PAPSSCARD Marks Major Leap Toward Financial Sovereignty and Intra-Continental Trade Integration

              Africa: Nigeria, Egypt Top $95 Billion Remittance Surge, Unlocking New Investment Frontiers

              Africa: Nigeria, Egypt Top $95 Billion Remittance Surge, Unlocking New Investment Frontiers

              Nigeria: Customs Integrates CBN, FIRS, Banks into B’Odogwu Platform to Digitize Trade Efficiency

              Nigeria: Customs Integrates CBN, FIRS, Banks into B’Odogwu Platform to Digitize Trade Efficiency

              Africa: Nigeria Ascends Global Customs Leadership as CGC Adeniyi Becomes WCO Council Chair

              Africa: Nigeria Ascends Global Customs Leadership as CGC Adeniyi Becomes WCO Council Chair

              Kampala Road Works: Kigenyi urges safety, order

              Kampala Road Works: Kigenyi urges safety, order

              Kenya secures EBRD African hub

              Kenya secures EBRD African hub

              Nigeria, Rwanda sign double taxation treaty

              Nigeria, Rwanda sign double taxation treaty

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              • FEATURES
                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet Sidi Ould Tah: Newly President of African Development Bank Group

                Meet the newly appointed executives steering NNPC Limited

                Meet the newly appointed executives steering NNPC Limited

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Netumbo Nandi-Ndaitwah: Namibia’s First Female President

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Haruna Iddrisu: The Politician, Lawyer, and Latest  Minister of Ghana’s Ministry of Education

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Agnes Naa Momo Lartey: The Minister Designate for the Ministry of Gender, Children and Social Protection in Ghana

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Justina Nelson: A Banking Visionary and Strategic Leader Who Takes Over MIIF as Acting Chief Executive Officer

                Meet Nigeria’s Newly Nominated Ministers

                Meet Nigeria’s Newly Nominated Ministers

                Nigeria’s $5 billion FLNG project gets Presidential endorsement

                FULL TEXT: President of Nigeria 2024 Independence Day speech

                Trending Tags

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                  Botswana, Türkiye aim for stronger ties

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                    Botswana Stock Exchange’s Strategic moves to attract foreign investors: Insights from CEO ; Kopano Bolokwe

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                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

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                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

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                      Council Ministers of ECOWAS endorses regional e-commerce strategy

                      Public Sector Global by Public Sector Global
                      July 11, 2023
                      in NEWS
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                      Council Ministers of ECOWAS endorses regional e-commerce strategy
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                      The Council of Ministers of the Economic Community of West African States (ECOWAS) have endorsed a regional e-commerce strategy for the organization’s 15 member nations.

                      The strategy will boost e-commerce in West Africa through specific measures responding to the needs of ECOWAS, identified by UNCTAD’s recent eTrade readiness assessment for the region.

                      “The newly endorsed strategy is the beginning of a transformative journey, aimed at bridging the regional digital divide and boosting e-commerce development,” said Shamika N. Sirimanne, director of technology and logistics at UNCTAD.

                      “It is a milestone that UNCTAD is proud to have supported, in the framework of our longstanding partnership with ECOWAS,” Ms. Sirimanne added.

                      Multistakeholder process

                      Developed through a multistakeholder and participatory process, the strategy aims at accelerating structural change and development, and fostering regional integration through economic diversification and job creation.

                      “ECOWAS is committed to increasing the adoption and use of e-commerce to promote the implementation of the ECOWAS Vision 2050 for an inclusive and sustainable development for the region,” said Massandjé Toure-Litse, commissioner for economic affairs and agriculture at the ECOWAS Commission.

                      “The e-commerce strategy will support the digital-driven structural transformation of the economies of Member States, and deepen regional trade integration,” the commissioner added.

                      Boosting economic resilience

                      ECOWAS member nations are Benin, Burkina Faso, Cabo Verde, Côte d’Ivoire, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, The Gambia and Togo.

                      Among them, 11 are least developed countries that are generally more vulnerable to external shocks. The new strategy seeks to mitigate such vulnerability and make the region’s economies more resilient to future crises.

                      The strategy will enable the ECOWAS Commission to better support trade ministries in the region and help member nations diversify their economies and leverage new economic and trade opportunities through e-commerce.

                      Building trust, providing better data

                      A secure environment is needed to reassure e-commerce users and further its adoption.

                      The strategy aims to build trust along the e-commerce supply chain through a harmonized and updated legal and regulatory framework, reliable digital payment methods, secure marketplaces or websites, and connecting e-commerce buyers and sellers with high-quality products through secured logistics and delivery services. 

                      It also aims to provide reliable data on e-commerce by establishing a regional e-commerce observatory and improving the capacity of ECOWAS member states to collect and analyse data.

                      This should eventually lead to better-informed, evidence-based policymaking in the region and targeted support from development partners.

                      Empowering the vulnerable

                      The strategy shines a spotlight on digitally vulnerable groups including women, the youth, people with disabilities and informal cross-border traders in e-commerce.

                      It will not only make e-commerce more accessible to these groups, but also actively involve them as entrepreneurs and leaders to help create more jobs.

                      “We have seen, through UNCTAD’s work with women entrepreneurs, that the approach of empowering vulnerable groups can be particularly successful and inspiring, with the potential to lead to a truly inclusive e-commerce environment,” Ms. Sirimanne said.

                      Joint efforts to implement strategy

                      To deliver on these ambitious goals, the ECOWAS e-commerce strategy is supported by rigorous governance and implementation frameworks. 

                      While the ECOWAS Commission will facilitate strategy implementation, its member states will lead implementation at national levels.

                      Civil society and private sector actors will also participate through an e-commerce community forum and expert groups.

                      “Robust coordination at both the national and regional levels will support the implementation by members states,” said Kolawole Sofola, acting director of trade at the ECOWAS Commission.

                      ECOWAS is the fourth African regional economic community to develop a collective e-commerce strategy. It follows the development of an e-commerce strategy by the African Union and comes ahead of the African Continental Free Trade Area’s digital trade protocol currently under negotiation.    

                      The work on the regional ECOWAS e-commerce strategy is supported by core donors of UNCTAD’s e-commerce and digital economy programme – Germany, Sweden, Switzerland and the Kingdom of the Netherlands.

                      Tags: Economic Community of West African States (ECOWAS)
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