Least payment terms African companies use in international transactions 2022

Published by
Doris Dokua Sasu,
Sep 6, 2023
According to a survey conducted between March and June 2022, most CEOs in Africa least used open account sales and documentary collection in the payment terms applied when carrying out international trade transactions. On the contrary, cash in advance was the most popular method among the respondents.

Distribution of payment terms least frequently used by African businesses in import and export trade transactions as of 2022

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Release date

2022

Region

Africa

Survey time period

March to June 2022

Number of respondents

800 private sector players

Supplementary notes

The following question was phrased by the source: ''What forms of payment terms do you use for your import/export transactions?'

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