
ECA capacitates Zambia, Zimbabwe and Malawi in e-commerce tools and marketing strategies
'I commend UNECA and the Government of Italy for this collaboration to organise this workshop that will provide public and private sector stakeholders with practical tools and methodologies to harness the full potential of e-commerce in driving export growth, enhancing market access, and building competitiveness in global and regional markets'.
She was speaking at the workshop on E-Commerce Marketing and Business Development Strategies for the African Continental Free Trade Area (AfCFTA) and Global Markets convened by the United Nations Economic Commission for Africa (ECA), through its African Institute for Economic Development and Planning (IDEP) and its Sub-Regional Office for Southern Africa (SROSA) and funded by the Government of Italy.
The overall objective of the workshop was to strengthen the skills of participants from Malawi, Zambia and Zimbabwe to leverage e-trade opportunities in the context of AfCFTA. Mr. Enrico de Agostini, Ambassador of Italy in Zambia reiterated the importance of capacity building of entrepreneurs in the region to ensure sustainable development.
Ms. Beatrice Mutali, United Nations Resident Coordinator, speaking on behalf of the UN family in Zambia underscored the importance of partnerships between governments, international partners, private sector and the UN to address the gaps in digital trade such as infrastructure, connectivity to payment systems and regulatory frameworks.
The Director of ECA Subregional office for Southern Africa, Ms. Eunice Kamwendo, in her opening remarks, emphasised the efforts of ECA in implementing innovative and practical initiatives in order to better support member states. An example of which is this e-commerce training that was intended to provide strategic and practical tools necessary to unlock opportunities in the e-commerce space under the AfCFTA and in global markets.
She further noted that, the AfCFTA, with its promise of a US$3.4 trillion single market, presents ECA and its partners with a unique platform to reimagine value chains, promote innovation, and stimulate sustainable growth driven by the private sector. 'At ECA, we believe that digitalization when guided by inclusive policies and backed by the right skills can bridge development gaps, unlock new markets, and catalyze youth employment'.
To complement the training ECA-SROSA experts presented on the AfCFTA and initiatives related to the implementation of the AfCFTA Agreement. Ms. Zodwa Mabuza, Chief Sub-Regional Initiatives outlined the protocol on digital trade indicating that it helps harmonize rules to boost Africa's digital economy, cutting cross-border e-commerce costs, building trust, and supporting Small and Medium Enterprises. Ms. Bineswaree Bolaky, Economic Affairs Officer presented on the AfCFTA, its rationale and instruments, and on ECA's work on AfCFTA, e-commerce and digital trade including outlining ECA's support to member States on developing their National AfCFTA Strategies and Green Supplements to these strategies. Mr. Henry Lubinda, Programme Officer gave an overview of SRO-SA's major areas of support to member States such as inclusive industrialization, green transitions, enhanced food systems and AfCFTA-led trade in Southern Africa.
The training consisting of 6 sessions, was facilitated by Mr. Fabio Santoni ASeS-CeFor, the implementing partner of the project funded by Italy. Participants were trained through scenarios and business simulation techniques.
At the closing of the workshop, certificates were remitted to participants by Mr. Aime Mbatkam, coordinator of the project at ECA's training arm, the African Institute for Economic Development and Planning.
This collaborative initiative between ECA and the Government of Italy aimed at supporting Member states through a capacity building programme for the effective implementation of the AfCFTA Agreement. Under Phase 2, Cameroon, Democratic Republic of Congo, Gabon, Malawi, Mauritania, Zambia, and Zimbabwe benefitted from (i) an assessment of e-trade readiness and (ii) a capacity needs assessment of stakeholders for AfCFTA implementation. These studies informed the design of the online training courses that were subseuqently delivered.
Syndigate.info).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Zawya
2 hours ago
- Zawya
Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation
Africa Finance Corporation (AFC) ( the continent's leading infrastructure solutions provider, has secured a landmark EUR 250 million 10-year term loan facility from Cassa Depositi e Prestiti (CDP) the Italian Financial Institution for Development Cooperation. The transaction is backed by a guarantee from SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, covering up to 80% of the facility amount. The financing builds on engagement at the Mattei Plan-Global Gateway summit, attended by Italian Prime Minister Giorgia Meloni, European Commission President Ursula Von der Leyen, CDP, SACE and AFC, where the parties confirmed their intent to collaborate. The facility is structured to cultivate Italian supply chain opportunities in infrastructure and renewable energy generation, including the supply of components for the Lobito Railway Corridor - a commercial railway line that will run through Angola and extend to the borders of Zambia and the Democratic Republic of Congo. This long-term facility deepens AFC's strategic partnership with both CDP and SACE, while reinforcing its mandate to mobilise high-quality, long-tenor capital in support of delivering sustainable infrastructure across Africa. "Cassa Depositi e Prestiti confirms its role as a strategic partner in supporting infrastructure projects with a high social and economic impact in Africa. With this financing - said Dario Scannapieco, Chief Executive Officer of CDP - we are strengthening business and technological relations between Italy and Africa, enhancing talent and innovation. We are convinced that investing in strategic projects not only creates new opportunities for our companies but also helps to build lasting and shared ties capable of fostering growth and well-being for local communities." 'We are proud to contribute to the involvement of Italian companies in the transport and logistics sector to realise a significant strategic project like the Lobito Railway Corridor within the Mattei Plan,' said Alessandra Ricci, CEO of SACE. 'This collaboration reaffirms SACE's commitment to promoting new connections for Italian companies seeking to diversify their exports and embrace new growth opportunities.' ' Our partnership with CDP, further strengthened by SACE's guarantee, exemplifies the power of blended finance in unlocking capital for infrastructure development in Africa,' said Banji Fehintola, Executive Board Member and Head, Financial Services, AFC. ' The Lobito Corridor is a transformational project that will open new trade routes for resources, support regional industrialisation, accelerate job creation and strengthen Africa's position in global value chains, while delivering long-term, inclusive growth. ' Distributed by APO Group on behalf of Africa Finance Corporation (AFC). SACE Media gallery: Media Enquiries: Communications Africa Finance Corporation Email: communications@ SACE Press Office ufficiostampa@ CDP Media Relations Tel: +39 06 42213990 Website: Follow CDP on: LinkedIn: X: Facebook: Instagram: YouTube: About Lobito Corridor Rail Project: The railway line will be approximately 830 km long and will connect Chingola in Zambia to Luacano in Angola with the aim of facilitating the transportation of agricultural products, minerals and consumer goods. The greatest opportunities for the Italian supply chain in the region lie in sectors such as energy, renewables, transportation and logistics. About CDP: Cassa Depositi e Prestiti is the National Promotional Institute which has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructural development of Italy to boost its economic and social growth. CDP focuses its activities on sustainable development at local level, supporting the innovation and growth of Italian enterprises, also in the international arena. It partners local authorities, in a financing and advisory capacity, to create infrastructures and improve services of public value. CDP also participates actively in international cooperation initiatives to realize projects in developing countries and emerging markets. Cassa Depositi e Prestiti is entirely financed by private capital, through the issuing of Postal Savings Bonds and Postal Savings Passbooks, and through issues on national and international financial markets. About SACE: SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specialising in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60,000 companies, supporting their growth in Italy and globally, with a portfolio of insured operations and guaranteed investments totalling EU 267 billion across approximately 200 foreign markets. About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in core infrastructure sectors. AFC has 45 member countries and has invested over US$15 billion since its inception.


The National
3 hours ago
- The National
Money & Me: ‘Raising Dh2 million in funding for my start-up is a milestone'
For Jennifer Cohan Solal, buying a home in Dubai and raising funds for her UAE-based retail start-up are major financial milestones. The French citizen, 37, who lives on Dubai's Palm Jumeirah with her husband and two children, is chief executive and co-founder of Hushday, a premium flash sales platform. The company offers limited-time flash sales from luxury and premium brands in a members-only space for the digital-first generation. In April, it raised more than Dh2 million ($550,000) in pre-seed funding. Launched just this year, Hushday offers members access to sales across fashion, beauty, accessories, electronics, home and leisure products. The company is already considering plans to grow beyond the UAE and expand operations into Saudi Arabia, Qatar and Kuwait. 'We're not here to patch a post-Covid inventory issue. We're here to open a new, scalable path for growth for brands who want to reach a younger, price-sensitive, digital audience,' says Ms Solal, who has lived in Dubai for more than two years. 'We found our paradise here as entrepreneurs. There's something very inspiring about the UAE's pace, vision and ambition. It's the best choice we've ever made.' Before moving to the Emirates, Ms Solal worked in fashion and e-commerce sectors for more than 12 years and studied marketing at a French business school. Did wealth feature in your childhood? What did you learn from it? I grew up in a fairly privileged environment. Both my parents were doctors, but nothing was handed to them. They arrived in France from Algeria with nothing, and built their lives through hard work and education. That influenced me the most, seeing first-hand how much it takes to succeed and how deeply independence and resilience are rooted in our family culture. So even though we never lacked anything, my parents always told me to be careful and thoughtful about money, and above all, to rely on myself. That mix of stability and drive has shaped every decision I've made. How did you first earn? My first job was with a start-up when I was 18. I launched a luxury concierge service company in Paris by procuration for a woman who had an amazing idea, but no time to execute it. So, I did everything from A to Z for her and gained more recognition and experience than money. I enjoyed the feeling of autonomy, the sense that if I wanted something, I had the power to go out and make it happen. My first real job was with The Other Store, and my job was to create and manage e-commerce websites for brands. I was 20 years old and got paid €1,000 ($1,154) a month. Any early financial jolts? The biggest financial setback was when I left the corporate world to launch my first start-up, L'Ultime, in Paris. I call it the first digital native vertical brand in pastry. Although the brand gained strong visibility in France, the media attention was incredible and the revenue looked exciting, I quickly learnt the difference between revenue and profit and between brand hype and sustainable growth. So, it was humbling, but also an incredible experience. I met a lot of inspiring people and understood the deeper mechanics of running a business. It made me a stronger and responsible entrepreneur. How do you grow your wealth? I'm in reinvestment mode, so I pour most of my capital into building a long-term vision for Hushday. I have also invested in Dubai real estate. My husband and I purchased a villa on Palm Jumeirah two years ago. We also have property investments in France. Are you a spender or a saver? I'm more of a spender now, but spend consciously. I invest in my business, in quality experiences with my family and in our lifestyle. But I aspire to become more of a saver in the years to come because I want to build a legacy and create a financial foundation that brings freedom, not stress. Have you been wise with money? Yes, I've always been careful with money. I don't take reckless risks such as big spending sprees or flashy purchases, apart from the occasional luxuries I need during sales or beautiful family trips. I've never lived beyond my means. I was raised to be intentional with money and that has stayed with me. Even now as I build my company, I make sure that every dirham I spend serves a purpose and receives a return on investment. What has been your best investment? My best investment was on my own education and self-development, in my children's education and in Dubai. We love this city and feel aligned with its energy and ambition. We are committed to creating something meaningful here for our family and the ecosystem. Any cherished purchases? Yes, everything in our home is a cherished purchase. All items, from the furniture to the decorations, have been chosen with intention. I spent a lot of time and energy to build our home. I love the feeling when people walk in and say it doesn't feel like a house, but a home. Every morning, my husband and I almost cry when we wake up and see the sun and sea in front of us. How do you feel about money? Money is just a consequence, it's not a goal. It gives you freedom, but it doesn't define success. For me, what matters most is creating an impact, leaving a mark and building something lasting. Being the richest person in the cemetery never interested me. I want to do something that lives beyond me and make my children and family proud. Any financial advice for your younger self? Start saving earlier, not out of fear, but to gain freedom. Understand that money buys you time, leverage and peace of mind. Use it to invest in skills, ideas and people who elevate you. Never confuse visibility with value. Also understand that growth is quiet, but compounding is magic. Any key financial milestones? Raising our first round of funding for Hushday was huge, not just because of the capital but the confidence it signalled from people who believe in our vision. Another milestone was buying our home in Dubai before we moved here from Paris. It was a statement of trust in ourselves, in our family and in the life we're choosing to build here. What luxuries are important to you? Spending quality time with family and friends, discovering new places and getting lost in different cultures. When we will eventually be free from work, my husband and I plan to do a world tour. So, it's not always about price, but about the richness of experience and emotions. What are your financial goals? Financial independence is non-negotiable. But right now, my main focus is on creating value and building Hushday into the future leader of premium private sales in the Gulf region. I want to create strong returns for investors and build a brand that resonates across borders.


Zawya
10 hours ago
- Zawya
Zimbabwe says gold-backed currency stable but investor doubts persist
Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the parallel market. The Reserve Bank of Zimbabwe on Monday, 16 June 2025 kept its benchmark rate unchanged at 35%, citing a stable exchange rate as one of the reasons, and reported total reserves of $701m. The bank said the portion of transactions carried out using the Zimbabwe Gold (ZiG) currency surged to 43% in May from 26% in April 2024, the month it was introduced. Decades of economic instability and currency devaluations mean most people still use the US dollar for most purchases. But the authorities are hoping the ZiG's gold backing will give Zimbabweans the confidence to adopt it for everyday transactions. "ZiG is our national currency, and as the central bank, we are committed to ensuring its success by maintaining all the fundamental characteristics of sound money, including its function as a reliable store of value," Reserve Bank Governor John Mushayavanhu said. "The Reserve Bank has learned from previous currency failures that maintaining optimum money supply and ensuring monetary stability is vital," he added. Despite the bank's assurances, the gap between the official exchange rate and parallel market rate remains about 20%. "The rate has been stable for more than three months," said black-market trader Pearson Tambudze, attributing the stability to a scarcity of the local currency rather than restored confidence. "There isn't a lot of ZiG in the market," he said. The International Monetary Fund has welcomed the ZiG's stability but is urging Zimbabwe to adopt tighter money-growth limits, a more transparent foreign exchange market and to make progress on clearing an estimated $12.2bn in external arrears. Finance Minister Mthuli Ncube, meanwhile, expressed hope last month that currency stability and appropriate monetary policy would enable Zimbabwe to raise $2.6bn in bridge finance by mid-2026. Investors, however, remain cautious. "We wouldn't invest in Zimbabwe at the current stages. The country needs to have a lot more development before we would consider it," said Jetro Siekkinen at LGT Capital Partners. Economists also flagged concerns over Zimbabwe's reserve cushion, which stands at 0.8 months of import cover, well short of the IMF's recommended three-month safety net. "In terms of priority, I would consider the clearance of arrears with multilateral creditors to be most important," said Lyle Begbie, an economist at Oxford Economics. Two earlier IMF staff-monitored programmes collapsed within 15 months, and Begbie predicted similar outcomes for future efforts. "Ultimately, we are likely years away from the IMF providing concessional financing to Zimbabwe, even if the country does everything right, which itself is not likely," he said.