Skip to main content

Africa Logistics Trading & E-Commerce:



Africa the continent of resources , land of 54 countries and populated with 1.2 billion people. The economic researchers and the logistics and supply chain specialist observed that the continent countries are thinking for change. That’s the reason the new trade agreements, trade routes, infrastructures and communication means resources has been developed in the recent past. That is a positive change in them and welcomed by the civilized and modern world.

                The Internet connectivity, telecommunication services are faster than past time now here. People of the countries are enjoying the 4th generation internet facilities with the beautiful smartphones in their hands. That’s all  is a very positive change and people of the countries enjoying it. Now the Africa is going to be really change its people and nations through the modern infrastructure and Information Technology Communication means.

According to the Twinkle Sahita reports over the Logistics Trading companies operations boom and effects of E-Commerce in general public life. That development in the infrastructure and communication technologies give a big boom to the e-commerce there and the people using the resource and logistics services like the other countries people and they are happy with this change. But there are many things to do for them in these sectors to make this change permanent.

African market has a big potential for e-commerce and people like it to use the international logistics suppling companies services here. Glyn Hughes from IATA is happy about the use of the internet among the countries in African region and he wants more efforts for  Nigeria, Kenya, South Africa to enjoy the boost of IT there. In short according to them the E-Commerce still has the opportunities in Africa to achieve the leverage and for that purpose the African countries need to make improvement in their policies at state level and give more opportunities to the companies in their countries to trade here. That’s also the part of WTO “World Trade Organization” .

According to the Statistics of Twinkle Sahita report the variance analysis for the use of smart phone devices is 175 million subscriber in 2016 and now will rise up to 220 million in till 2020.The smart phone internet users raise up to 40% for 30% and 14 countries there giving the services to use the mobile phone money services.

Banking sector is still a problem here. There is a big number of population who are living and operating in the financial and business market without bank accounts and a big number of account holders are not allowed to use the credit card facilities. That is still a issue and need to address here for the governments and the bankers also.


Africa E-Commerce companies are still struggling to work hard to achieve their level and market growth in the 1.2 billion population among the 54 different markets.

“The article is very helpful to understand the advantages, issues, markets and complains of the logistics trading services  through the e-commerce service providing companies and the effects of IT over them. Information Technology creates the opportunities for them to boost up their business. The magazine paper Logistics Update Africa  https://www.logupdateafrica.cm  “Volume 7 issue 3 for the month of May-June 2017”. Thankful to Twinkle Sahita reptoed over this big positive change in her report in the magazine paper Logistics Update Africa.”

Comments

Post a Comment

Popular posts from this blog

Financial & Non -Financial Benefits from the Membership of Chamber of Commerce & Industry.

We know every business firm , commerce department, trading venture, and industrial unit always needs, Visibility to stand out and get noticed as an active participant in the society. The eventually prefer to avail growth opportunities through the provision of quality training and educational activities and through different events. They require Credibility through their production activities and services provision, which helps them in building a reputation. The holder of this membership can enjoy and avail members of member discounts to improve their purchasing power and all other offers and benefits as offered from time to time. That also helps them to build their communityNetwork and to make them socially powerful and these professional relationship helping them to get a plate forum that advocates on their behalf. This all means all industrialist, businessmen, and corporate identity holder (Only Owners of the Corporates or in some cases their partners and directors)   must ...
3 comments
Read more

ACCOUNTING CYCLE

Accounting Cycle:                 Accounting is the field of study which tells us about how to collect the economic figures, evaluate and analyze them and  record them  in a very respectable and professional way to present to the business stakeholders and helps them to collect the required information from the pool of business transactions. That is an art and we also knows it with the name of book keeping. As I write in the above paragraph accounting of business financial transactions is an art of collection, evaluation, analyzing, recording and presenting to the business management and stakeholders. That complete process is based on some steps of activates which are commonly known as accounting cycle. That Accounting Cycle is consist of 7 different steps  which are Source Data, Journal, Ledger, Trial Balance, Adjustment, Closing Accountings and Stock Valuation and Preparation of Fina...
4 comments
Read more

ELEMENTS OF ACCOUNTS:

ELEMENTS OF ACCOUNTS:                 Accounting is the art of collecting, separating, analyzing and recording the financial transactions of the business in a certain economic period. There are two different methods or system to record the accounting transactions, one is Double Entry system and the other one is single entry system. Double Entry System is used by corporate accounting business and MNCs . Single Entry System is use by Nonprofit or Charitable Organizations.                 There are three elements of the accounting transactions and every business financial transaction must be fall in one of them. These Elements are Personal Accounts,  Real Accounts and Nominal Accounts. The Further explanation regarding these accounts are as follows: Personal Accounts:        ...
7 comments
Read more