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LCCI President Emphasizes Digital Transformation for Businesses in Africa

Blessing Joseph by Blessing Joseph
February 6, 2024
in Business, E-Commerce, News
0
LCCI President Emphasizes Digital Transformation for Businesses in Africa
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Gabriel Idahosa, President/Chairman of the Council at the Lagos Chamber of Commerce and Industry (LCCI), stressed the necessity for businesses to embrace unprecedented levels of digital transformation. Speaking at the launch of Zandaux in Lagos, Idahosa highlighted the shift towards digital platforms in B2B commerce, noting the decline of traditional sales models. He emphasized the importance of digital options for selling goods and services, foreseeing a future where digital presence is indispensable for businesses.

Idahosa underscored Africa’s potential for B2B e-commerce growth, stating that platforms like Zandaux could streamline cross-border trade, reduce costs, and drive economic growth in line with the African Continental Free Trade Agreement (AfCFTA). Franck Obambi, CEO of Zandaux, emphasized the platform’s role in addressing supply chain inefficiencies, enabling seamless trading across Africa.

Bunmi Kole Dawodu from SMEDAN emphasized the need for Public-Private Partnerships to support MSME growth, connecting Zandaux’s mission to the broader AfCFTA agenda. Tolulope Olukokun from Thinkbikes Limited highlighted challenges in intra-African trade, emphasizing technology’s role in overcoming hurdles. Adeshina Adewumi from Trade Lenda praised Zandaux for promoting international cross-border trade and unlocking Nigeria’s economic potential through digital transformation.

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