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Experimentation into Informalities – Digitally Transforming Informal Markets in The Gambia

SDGs Impacted

In response to the severe negative socio-economic impact of the March 2020 closure of ‘lumos’ weekly informal markets in the rural areas, the Government of The Gambia decided to re-open the trading platform as part of its Building Back Better strategy to re-start the rural economy. A major challenge faced by the government was the need for business continuity whilst maintaining the covid protocols such as social distancing. Thus there was need to develop ways of virtual outreach to the various stakeholders including traders, buyers, and service providers; and data on the types of goods traded and revenue generated. To address these issues, AccLabGM was recruited to support a digitization aspect for the Lumos that was piloted in one of the principal trading regions, hence creating an opportunity for our work on informalities; and informal markets particularly.

Impact / Outcome
A 10-day tour to introduce the platform in urban Gambia was launched. The tour reached 13 communities throughout the country. The tour helped the developers of the platform identify and establish more flexible, effective, and efficient goods delivery channels in remote communities. Since the launching of the tour, more than 100 users have already downloaded the MyLumo app with over 50 active agents.
Funding sources
Public/Private
Key Metrics
Develop a digital marketplace for traders and buyers
Locations
Africa, Gambia
Sector
Financial services
Intervention lever
Policy
Operating model
Public-private partnership
Target populations
Women & girls, Youth, Rural
Year published
01 July 2021

The EDISON Alliance

A World Economic Forum Initiative