African cross-border trade to intensify in 2015 - report

Wednesday 7 January 2015 00:29 CET | News

The African cross-border trade relations are expected to intensify, mainly due to investment and telecommunication (ICT) initiatives, such as payment systems, financial inclusion initiatives and cross-border payments, recent findings indicate.

Moreover, ICT investments addressing African market needs will fuel GDP growth in key African countries like Kenya, Nigeria and Rwanda in 2015, according to intelligence issued by the market research company International Data Corporation (IDC).

In these markets, mobile services penetration, financial inclusiveness initiatives and government service delivery will be driving ICT spend in the telecommunications, financial services and government verticals.

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Keywords: Africa, cross-border, trade, Kenya, Nigeria, ITC, payments , financial inclusion, prediction, research, report
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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