Gig Economy to grow by 17%: Opportunities and Challenges in the Developing World.

The term gig economy refers to an on-demand job market in which people find work through various online platforms and apps. Companies like Uber, Jumia, and Wave money are good examples of businesses that run on the gig economy model, since they connect workers to customers through technological platforms, rather than offering traditional full-time jobs that come with health benefits, paid leave, etc. It’s also known as the sharing economy or the platform economy (though many critics argue that these terms are more misleading than accurate).

The gig economy is often thought of as a phenomenon limited to developed countries. There is evidence that the gig economy is also present in developing countries, this blog post will explore the opportunities and challenges that the gig economy presents in developing countries.

The gig economy is a term used to describe an economic environment where temporary positions are prevalent. The gig economy is often thought of as a phenomenon limited to developed countries, but there is evidence that it is also present in developing countries. The rise of the gig economy has resulted in opportunities for some as well as challenges for others.

Much like in developed countries, the gig economy in developing countries presents opportunities for freelancers and the unemployed alike to make a living. Freelancers in Africa, for instance, have been able to create their gigs and use gig economy websites such as Uber or Upwork to find work. The major challenge is that many of these workers are left without any income security — they are uninsured and have no job stability.

The gig economy allows freelancers to find flexible work with the freedom of working from home.

Freelancers can set their hours and can take on multiple projects at once.

With the growth of freelancing, the African gig economy is expected to reach over 80 million gig workers by 2030.

This has led to a decrease in unemployment rates, with more people finding work than ever before.

Africa has a fast-growing population, what challenges does this present in the gig economy? Africa’s population is set to double from 1 billion people today to 2 billion by 2050. This rapid growth will put pressure on jobs, housing, water supply, food production, education, and healthcare. According to the United Nations, over 70% of Sub-saharan Africans are under 3re of less skilled labor available. With a lack of skilled labor opportunities, the demand for low-skilled labor is increasing — creating an opportunity for freelancers who can’t find formal employment or are looking for supplemental income. The gig economy presents both an opportunity and a challenge for many African countries, it remains to be seen how they will deal with these as they grow into global players

In conclusion, it is important to remember that gigging is not a magic bullet for solving all of the economic problems of developing countries. However, there are many advantages to this new way of working. For instance, it has created new opportunities for people who would otherwise be unable to work due to their physical location or other circumstances.