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Aligning With AFCFTA: The Role We Need To Play As Africans! - Politics - Nairaland

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Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 12:31pm On Oct 06, 2023
Aligning with the Visions of African Continental Free Trade Area!
AfCFTA Forecasts Intra-African Trade to Surpass $70 Billion

During the 2023 Regional Integration Issues Forum held in Accra, Ghana, Silver Ojakol, the Chief of Staff of the AfCFTA Secretariat, highlighted the prospect of intra-African trade within the Africa Continental Free Trade Area (AfCFTA) surpassing $70 billion, thus outstripping the level of development assistance.

Read more here, https://businesselitesafrica.com/2023/10/06/afcfta-forecasts-intra-african-trade-to-surpass-70-billion/

Bigkoko Group Inc.; a Kigali Rwanda based Business & Financial Technology Company has aligned it's goals & objectives with that of AFCFTA by creating the first Pan African Gift Card service that is currently in use in Rwanda, and designed to fully become operational in 20+ African countries before 1st Quarter 2024.

Bigkoko is a leading B2B/B2C service provider in Africa, fostering entrepreneurship and commerce through technology, tools and resources it designs, owns and deployed. So far the Company's key focus is customizing Marketplaces to suit local markets/territories, offering Value-added consumer services, flexible payment options for shopping, designing Tech services using Block Chain Systems and Artificial Intelligence (AI) and project management. The company has successfully designed Bigkoko Gift Card, a local prepaid payment option for shopping across the East African sub-region; Rwanda’s first Pan Africa’s Gift Card (currently in use in in Rwanda) and which is expected to be used in 20+ African Countries in the nearest future!

Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 3:56pm On Oct 08, 2023
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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 11:06am On Oct 10, 2023
The need to break all trade barriers within the African continent is a task everyone should be passionate about!
One key Value Preposition is that FX pressure on local currencies would drop significantly!
Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 1:27pm On Oct 20, 2023
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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 11:24am On Oct 21, 2023
As the economy nose dive amid uncertainties couple with skyrocketing living expenses, its best to cut down on needless spending. We are here to help you.

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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 1:53pm On Nov 06, 2023
Start now!
Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 6:43am On Nov 19, 2023
Sending money between African Countries is now as easy as eating Amala and gbegiri soup.

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Nigeria
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DRC Congo
Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 4:08pm On Nov 21, 2023
East and West Africa may be on the same continent, just five hours flight from each other, and with complementary economies that would make it natural enough for a high level of interaction. But, in reality, they are virtually cut off from one another.

With a combined population of two-fifths of a billion, and well-matched roads in africa resources, East and West Africa have some of the lowest trade between them of any regions in the world, according to a UN report, with just one carrier running costly and often half-empty flights between the regions, no road route, and negligible traffic between the two continental hubs.

To fly to West Africa from East Africa costs twice or thrice as much as flying from Africa to Europe, including to London, which is eight and half hours away. As an example, flying to Dakar on economy and business costs $1,281 and $4,076 on Kenya Airways and is possible on three flights a week. Yet a return ticket to London, with many departures a day, costs from $668 on Virgin Atlantic. Yet Kenya Airways, which operates around five flights a week to West Africa, remains the only carrier covering the route with direct flights, and often the flights, which together could transport only around 1,000 to 2,000 people a week, are not full.

Communication is not better. Telephone charges between African countries can be 50 to 100 times higher than within Northern America, according to a World Bank report, acting as a hindrance to even basic conversation. Moreover, the weak air links are compounded by the absence of any direct links by road, rail or sea. The road network is anyway a big challenge inside the two regions, let alone between them. A recent study by West Africa Trade Hub (WATH), an Accra-based institution, showed that the cost of transporting a container by road from Accra to Lagos, costs three times as much as transporting the same container from the United Kingdom to Lagos. Added to that, Dr Joshua Kivuva, a lecturer in the department of political science, University of Nairobi, says relations between East and West Africa have been historically limited. “Different languages could also be attributed to the minimum contact between the two regions,” he adds.

mombasa portA UN Economic Commission report showed trade among African countries accounts for about 10 per cent of their total external trade, the lowest in any world region, while trade with Europe accounts for approximately 40 per cent of exports. Regional economic communities have facilitated trade and investment between African countries by reducing trade barriers, bringing tangible benefits in employment and incomes. And the low trade levels between East and West Africa is replicated across other African regions. Because of hindrances to trade within Africa, exports from Tunisia and Cameroon often find their way to French warehouses before being redirected to each other’s market.

Yet while both East and West Africa’s economic drivers are agriculture, oil and mineral resources, these are more scarce in East Africa than in West and could be a source of vibrant trade between the two territories. Likewise, East Africa is moving at a different pace than the West as knowledge economies. Figures from the Export Promotion Council show low levels of trade between East Africa and West Africa, compared to East Africa and other parts of the continent. In 2009, Kenya imported goods worth Sh9.6 billion from Egypt, while it exported Sh12 billion worth of goods to the North African nation.

In comparison, Kenya bought products worth Sh109 million from Nigeria, and exported Sh1.2 billion of mainly agricultural products to the country. The fact that Kenya and Egypt belong to the Comesa trading block has significantly contributed to the high volume of trade between the two countries. With 19 member states and a combined population of 430 million people, COMESA’s annual export bill of US$ 157 billion makes it one of the giant regional trade bodies in Africa.
Meanwhile, 26 countries in northern, east, and southern Africa, are on africa economycourse to forming one free trading block as was agreed in the first summit held in Uganda in 2007. The member countries of the three regional trading blocs — EAC, Comesa and SADC — are currently harmonising rules of engagement, ahead of the 2012 deadline when the trade area is to start operating. “This is aimed at deepening trade between these countries. Formation of the free trade area is also in line with AU’s (Africa Union) vision of having an African economic community,” says Richard Sindiga, head of Comesa desk in the Ministry of Trade.

With West Africa effectively outside this new bloc, and hard to reach from the rest of Africa by road, rail, air and phone, East and West additionally remain largely offline on the world wide web. In Sub Saharan Africa, Internet penetration is below seven per cent, while in Northern Africa its approximately 32 per cent as per recently releases AEO figures. This disparity continues to present a real obstacle in information sharing and referencing between African countries, meaning that, for instance, when epidemics occur, tolls are higher than in Western countries. And there remains a huge disparity between those in the population that can access information and those that can’t.

On the East/West axis, the number of Nigerian Internet users is now over eight million, compared with Kenya’s three million users. Yet the West African numbers are low per population, as Nigeria has nearly 150 million people, while Kenya has some 40 million people. For now, the world may be a global village, but East and West Africa are barely even talking to each other.
~Culled.
Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 4:29am On Nov 22, 2023
Every damn day that passes, all i think is how to upset major players in the Mobile money industry with our Gift Card program.

These behemoths who have both financial & political muscle can be given a serious run for their money via a healthy competition.

We have successfully linked Rwanda, Uganda, Kenya & Nigeria through our Pan African Gift CARDS. With in-country managers available in each of these country, you can now buy and use Bigkoko Gift Cards to pay vendors in any of these countries.

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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 4:46am On Nov 22, 2023
One sure way to use the Bigkoko Gift Cards in Nigeria, Kenya, Uganda & Rwanda is through the Bigkoko Marketplace via the Quick Pick portal.
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Fast, Reliable & Convenient option for Smart people!
Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by ican2020: 4:58am On Nov 22, 2023
Fixing the insecurities and leadership questions in Africa is the first step before taking other steps
Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 5:08am On Nov 22, 2023
Insecurity is a global problem. Every problem can be sorted out simultaneously, that is why different govt agencies are available to serve in that regards.

Most African countries are safer than USA despite the huge budgets for security. And poverty, lack of basic amenities, education or hunger breeds insecurity.

The first step is building a viable modern digital economy where people get compensated accordingly. What do you think?


ican2020:
Fixing the insecurities and leadership questions in Africa is the first step before taking other steps
Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 12:25am On Nov 24, 2023
Our prime focus is to offer an alternate gifting option for continental needs. Use Bigkoko Gift Cards.
Available in Nigeria, Rwanda, Uganda & Kenya.

Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 12:52am On Nov 24, 2023
Sometime ago in Kigali, an investor called me all over the way from China, saying ~ What good are Bigkoko Pan African Gift Cards for?

Let me x-ray what two key solutions Bigkoko gift cards provides:

1. For making purchases African wide. Yes, armed with your Bigkoko Gift Cards, you can pay for items & services in affiliated product & service providers. Accepted by vendors in Rwanda, Nigeria, Uganda & Kenya. Sometime soon in the future, we also plan to go into partnership with a conventional financial institution (name withheld till made public), so we can issue a physical, contactless card..

2. For sending cash gifts across the continent. Yes, you can stay in Enugu Nigeria, and send a birthday cake to someone in Entebbe Uganda without the usual hassle of trade barriers.

Buy Bigkoko Pan African Gift Cards online or in-store at vendors locations near you.
Redeem Bigkoko Pan African Gift Cards online, in-store or via USSD code (USSD code currently available for Rwanda *662*800*122#)

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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 7:21am On Nov 24, 2023
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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 4:16pm On Nov 24, 2023
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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 6:09am On Nov 26, 2023
One thing I found out is that we Africans prefer making payments via USSD because of its efficiency and straightforwardness. Other channels such as apps and QR codes are also important but sometimes creates friction due to lack of good internet connectivity and smartphone access.

Also, majority of urban and sub Urban dwellers are not served or linked to the formal markets.
This is one of the reasons we have enabled USSD platforms as part of our long term Plan of connecting African Countries in a gigantic marketplace for end to end Gift transfers!

Use Bigkoko Pan African Gift card code of *662*800*122# (Available Rwanda).
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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 4:24am On Nov 27, 2023
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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 6:42am On Nov 28, 2023
Pros of Bigkoko Pan African Gift Cards
Gift cards can offer a number of advantages. For example:
They can be a good substitute form of payment if you’d rather not pay cash or use a credit card.
Gift cards can be an appropriate gift for the holidays or any other special occasion.
You can use gift cards to control spending (helpful for avoiding bank overdrafts).
They can be easy and convenient to use.
In terms of gift giving, gift cards might be preferable if you have no idea what to buy for someone on your gift list, as they allow the recipient to buy what they want, when they want it. Just keep in mind that choosing closed-loop gift cards over open-loop cards can limit the giftee’s options for where they can use the cards.
Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 7:44am On Dec 06, 2023
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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 11:48am On Dec 06, 2023
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It becomes difficult to have to manage gifts to 3rd parties. You have to go to a store and buy gifts on a regular basis, at times you are at lost what to gift your recipient.

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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 1:10pm On Dec 07, 2023
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Re: Aligning With AFCFTA: The Role We Need To Play As Africans! by Bigkoko: 8:45am On Dec 10, 2023
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Terms and Conditions:
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