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TradeLink Escrow – Safe AfCFTA Trade in Your Pocket
Problem: Informal cross-border traders (primarily women) lose millions of dollars annually to stolen goods, damaged cargo, delayed payments, and scams when trading under AfCFTA, because banks and big insurers ignore small shipments under ₦5 million.
Solution: A super-simple mobile app that gives instant micro-insurance + escrow for goods moving between Nigeria and Benin, Ghana, Niger, Cameroon, etc., so traders only pay or release money when goods arrive safely.
How It Works:
- Trader uploads waybill/photo of goods and pays 1.5–3% premium (e.g., ₦3,000 insurance on ₦200,000 load).
- Money is held in a licensed escrow wallet until the receiver confirms safe delivery via app (GPS + photo proof).
- Blockchain-powered tracking shows the exact location of the bus/truck in real time.
- If goods are stolen, damaged, or never arrive, automatic payout within 48 hours – no long claims process.
- Optional add-on: customs duty advance so the trader doesn’t get stuck at the border.
Who It’s For: Mama Put traders, spare-parts dealers, fabric importers, and small manufacturers moving ₦500,000–₦10 million worth of goods weekly across West African borders.
Why It’s Cool: It turns the scary, cash-only border hustle into something as safe as buying on Jumia, unlocks billions in intra-African trade, and finally gives the real heroes of AfCFTA – the women carrying goods on their heads – the protection they deserve.
Execution Hint: Launch first on the Lagos–Cotonou–Accra corridor (Seme/Krale border), partner with just one licensed insurer and one transport union, sign up 500 traders in month one by giving the first ₦500,000 of coverage free.
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