Côte d'Ivoire: Stakeholders Forecast 11.3% Growth for E-Commerce by 2027

By : Samira Njoya

Date : vendredi, 30 août 2024 15:31

E-commerce in Côte d'Ivoire has seen a surge in recent years, with a marked increase in online retail sites and sales volume.

Key players in Côte d'Ivoire's e-commerce sector gathered in Abidjan on Wednesday and Thursday to discuss the future of the industry. The market, valued at over XOF280 billion (€421.6 million) in 2023, is expected to see a compound annual growth rate of 11.3% through 2027, according to figures presented at the strategic workshop.

The workshop, initiated by the Ministry of Commerce and Industry in collaboration with the consulting firm Marabu, focused on promoting a national strategic vision for e-commerce development. The goal is to cultivate a competitive, inclusive, and sustainable digital ecosystem.

"We aim to position Côte d'Ivoire as a regional hub in this rapidly expanding sector. We are here to collaborate, exchange ideas, and develop initiatives that will foster a competitive, inclusive, and sustainable digital ecosystem," stated Sylla Kalilou, Director General of External Trade, who represented Minister of Commerce and Industry Souleymane Diarrassouba.

Like many African nations, consumers in Côte d'Ivoire are increasingly attracted to online shopping, driven by both local and international e-commerce platforms like Jumia, Afrimarket, and Africashop, which provide a diverse array of products and services. However, despite this rapid growth, the Ivorian e-commerce market remains largely underdeveloped, with many startups facing challenges in establishing themselves.

Through this initiative, the government aims to facilitate dialogue among stakeholders in the sector to enhance e-commerce in Côte d'Ivoire. The initiative also seeks to communicate ongoing reforms, which include drafting and validating a new e-commerce law, implementing a national e-commerce strategy, creating a strategic action plan through 2028, and developing regulations for a public-private consultation framework.

Samira Njoya

 

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