Africa 2022: Supply Chain and payment revolution

The enactment of the African Continental Free Trade Area (AfCFTA) on January 1st 2021 has sprung a lot of conversations about intercontinental trading. But technology has already overtaken these conversations.

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Andrej Privizer / Shutterstock.com | IDG

As the African Continental Free Trade Area (AfCFTA) enters its second year in 2022, most enterprises are now looking continent-wide to grow their businesses. Inter-country trade has been a riddle that African governments, businesses and organisations have failed to solve, but is now being unravelled by technology.

In 2022 we will see the use of technology erasing the borders that have hampered the growth of trade and business in Africa. The bedrock of trade lies in supply chain management, custom processes and easy payment options. Implementing these technologies will be innovative startups and entrepreneurs whose eyes are now trained on the 1.2 billion population in Africa. However, the tech talent to grow these solutions is lacking.

Below are some of the technologies that will dominate developments in Africa and have the potential to positively affect how Africa does business.

Better Supply Chain solutions

Over the pandemic year, 2020 and the better part of 2021, supply chain companies and startups across Africa have been on a rapid growth trajectory, a sign that the complicated supply chains in Africa are being simplified and made more efficient.

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