Sharing Economy is a Lever for Sustainable Development in Africa

Shawgei Salah Ahmed

It is a sustainable economic system based on the sharing of human and material assets, and it includes creativity, production, distribution, trading, and participatory consumption of goods and services between various individuals and commercial establishments. Which helps in the distribution and sharing of goods and services and the re-exploitation of wasted and surplus energies?

Sharing and borrowing kitchen utensils, maintenance tools, and other things, but with the advent of the Internet and the spread of technology, the matter has evolved, its ability to collect and use huge data has made it easy for the owner to reach those who need the commodity or service, not limited to your close circle only and vice versa where the consumer reaches the owner. Various platforms appeared that play the role of mediator between the owner and the consumer, and then other types of participation appeared. They were not limited to tools and books only but took different and varied forms such as buying and selling various commodities, doing business, loans, and crowdfunding, as well as mobility services, housing sharing, and other educational models for sharing Experiences and Skills.

What is meant by this system is that any commercial service is based on the principle of individuals or institutions sharing the assets they own, so that individuals or institutions who own these available assets always or sometimes provide services for a fee. One of the advantages of this system is to save money, rationalize the consumption of resources, reduce pollution, and encourage people to communicate.

The sharing economy is based on a set of basic principles without which success cannot be achieved within this system, on top of which is the mutual trust between all the intervening parties or the two parties to the transactions. For payment, the consumer must also be confident that the supplier will deliver what was fully agreed upon. Any imbalance in this trust or non-compliance with it from either party will lead to the failure of the exchange or transaction between them at all, as well as access to ownership where the consumer is no longer engaged in the search of goods that he is financially able to own.

Sharing economy facts and figures

A February 2018 study commissioned by the European Commission and the Directorate General of Internal Market, Industry, Entrepreneurship and Small and Medium Enterprises indicated the level of cooperative economic development among the EU-28 sectors of the transport, housing, finance, and skills sectors online. The size of the cooperative economy relative to the total EU economy was estimated at €26.5 billion in 2016. Some experts predict that the combined economy could add between €160-572 billion to the EU economy in the coming years.

In China, the sharing economy doubled in 2016, with transaction volumes reaching 3.45 trillion yuan ($500 billion), and it was expected to grow by 40% annually on average over the next few years, according to the country’s State Information Center. In 2017, an estimated 700 million people used sharing economy platforms.

The sharing economy is a successful idea

The People Who Share: A British non-profit organization founded in January 2011 by Benita Madawaska and its mission is to encourage the sharing economy. The campaign reached more than 70 million people in 192 countries in 2013, and the 2014 Global Engagement Day is scheduled to take place on 1 June.

OuiShare: A French non-profit organization that aims to link efforts within the framework of the sharing or cooperative economy to create a global network of participating and cooperating parties. It was founded in France in 2012 and then expanded its activities to reach Europe, Latin America, and the Middle East.

Shareable: “Non-Profit News Center for Sharing Transformation” It is considered the premier global online magazine on the sharing economy.

Collaborative Created by Rachel Botsman after her famous book What’s Mine is yours (2010), this site is growing in importance as an online resource for collaborative consumption around the world as well as a niche social network. To its visitor’s news, content, events, jobs, and studies from various media and blogs, in addition to the original content issued by the site.

The Mesh: Owns a global guide to the business of the sharing economy and has organized Mesh2013, the first event of its kind to bring together “fans” of the sharing economy.

What do we need in Africa?

In Africa, one of the most important principles that can be applied is the sharing of successful ideas, not only in the economic fields, but also in the social and environmental fields, and the creation of monitoring platforms by African institutions such as the African Union, whose main task is to monitor these successes and work to disseminate them in the African continent and work To overcome legal and administrative difficulties to achieve this goal.

In the end, sharing successful ideas and experiences achieves a rapid and sustainable collective revival, and transmitted ideas and experiences can be developed, taking advantage of mistakes and enhancing strengths. A successful experience from East Africa can be more effective in West Africa, as is the case in the rest of the regions, eliminating poverty Hunger requires the concerted efforts of all.

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