Africa

Market overview

In Africa, the eCommerce landscape is fueled by the widespread adoption of internet and smartphone technologies across the continent. This surge is further propelled by the burgeoning population of young, tech-savvy individuals and the emergence of localized payment solutions.

As of 2023, the Africa digital market has flourished, reaching a notable size of USD 277.1 billion. Looking ahead, market projections indicate a robust expansion, with expectations set for the market to surge to USD 939.8 billion by 2032. This trajectory reflects a compelling growth rate (CAGR) of 14.4% during the period spanning 2024 to 2032.

Country stats

Population:

1.477 milliards,

as per 2023 stats

Average number of online shoppers:

114.96 million
by 2023

Currencies:

Egyptian Pound


EGP

Ghanaian Cedi

GHS

Kenyan Shilling

KES

Nigerian Naira

NGN

West African CFA Franc

XOF

Central African CFA Franc

CFA

Congolese Franc

CDF

Guinean Franc

GNF

Malawian Kwacha

MWK

Rwandan Franc

RWF

Tanzanian Shilling

TZS

Ugandan Shilling

UGX

Zambian Kwacha

ZMW

Share of transaction value
2022-2026

eCommerce payment methods

Credit card

31%
31%

Digital wallet

20%
27%

Acount-to-account (A2A)

18%
18%

Debit card

14%
12%

Cash on Delivery (CoD)

11%
5%

Prepaid Card

3%
1%

Buy now pay later (BNPL)

2%
4%

PrePay

2%
1%

2022

2026

POS payment methods

Cash

43%
29%

Credit card

17%
19%

Debit card

17%
20%

Digital wallet

13%
24%

Prepaid Card

7%
5%

POS financing

2%
3%

2022

2026

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