Trade support for LDC & developing countries

Trade support for LDC & developing countries

  • Overview

    Vision / description

    IoE has funding to provide the infrastructure, expertise and global marketing support to facilitate the development of national and regional trade ecosystems and marketplaces to allow poor communities and nations to participate in the digital economy with the view to helping individuals take responsibility for the education of their children, the health of their families and the development of local infrastructure and amenities for the benefit of their collectives.

    Project objectives

    To help the 10 least developed countries achieve 10% digital participation by 2022
    To help 50% of developing countries establish a viable digital trade ecosystem by 2022

    According to the world Bank and the IMF, only .09-2.3% of micro and small businesses in developing countries trade or sell their products and services online. In developed countries, only 9-13% successfully sell their products and services online. Their lack of participation represents over $14 trillion loss to the global economy. We argue that the single most important tool for lifting communities in developing nations out of poverty will be to give their businesses the tools to participate in the digital economy and to remove all existing barriers to doing so.

    Beneficiaries

    Micro, Small and Medium Businesses. Community associations. Business Cooperatives. Least developed countries, Developing countries.

    Current progress

    IoE has started rolling out its technology since Q4 2017. At present, we have empowered over 12,000 businesses in 4 countries achieve an effective digital presence and are in the process of creating the first 4 trade ecosystems.

    Project URL

    https://internetofequals.trade

    Sustainable Development Goals

    5. Gender equality; 9. Industry, innovation and infrastructure; 11. Sustainable cities and communities; 13. Climate action; 17. Partnerships for the goals

    Partnership types of interest

    Business opportunities in low income communities/countries ; Project funding; Provision of goods; Provision of services / personnel

    Regions / countries / territories

    Africa: 54 countries

    • Angola
    • Benin
    • Botswana
    • Burkina Faso
    • Burundi
    • Cameroon
    • Canary Islands
    • Cape Verde
    • Central African Republic
    • Chad
    • Comoros
    • Congo
    • Congo (Democratic Republic of the)
    • Cote d'Ivoire
    • Djibouti
    • Equatorial Guinea
    • Eritrea
    • Ethiopia
    • Gabon
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Kenya
    • Lesotho
    • Liberia
    • Madagascar
    • Malawi
    • Mali
    • Mauritania
    • Mauritius
    • Mayotte (France)
    • Mozambique
    • Namibia
    • Niger
    • Nigeria
    • Reunion (France)
    • Rwanda
    • Saint Helena
    • Sao Tome and Principe
    • Senegal
    • Seychelles
    • Sierra Leone
    • Somalia
    • South Africa
    • South Sudan (Republic of)
    • Sudan
    • Swaziland
    • Togo
    • Uganda
    • United Republic of Tanzania
    • Western Sahara
    • Zambia
    • Zimbabwe
    Americas: Antigua and Barbuda; BahamasAsia: Cambodia

    Detailed location

    Africa

    Issue areas

    Principle 2; Principle 6

    Business sectors

    Industrial Goods & Services; Technology; Telecommunications

    Partners

    Existing partners

    Main contact: Dr Lamyaa Al-Riyami
    Project Nsizwe South Africa, British Chambers of Commerce, The Princes Trust.

    Stakeholders consulted

    Civil Society groups; Community leaders; Government

    Preferred partner organisation(s)

    Business Association Global; Business Association Local; City; Micro Enterprise; NGO Global; NGO Local; UN Entity

    Collective Action
    • This initiative has a potential for scalability.
    • This initiative is seeking additional partners.
    • This initiative respects all dimensions of sustainable development.
    • This initiative is not submitted with commercial intent.