In the past, consumers primarily focused on a product's functional benefits and value for money when making purchasing decisions. However, there has been a significant shift towards experience-driven consumption in recent years, where consumers seek more personalized, immersive, and memorable experiences. This trend is particularly evident in the
The consumer goods industry is in the midst of a significant shift driven by the growing influence of women as consumers. According to recent data, women now control over $30 trillion in consumer spending globally, and this is expected to rise to over $40 trillion by 2030. As such, understanding
With inflation on the rise, everyone is keeping a close eye on the consumer trends of 2023. While it is still early days, there is no doubt that emerging market economies will be hugely impacted by inflation. Over the past year, Africa, Latin America, and Eastern Europe have witnessed a
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
The total value of all goods and services produced within the borders of Africa by its economies were projected to be around $2.7trillion as of 2021, increasing by $296billion from 2020(STATISTIC.AFRICA.2022). While the US announced its gross domestic product for the year 2021 to be $23.
80% of goods travel and 90% of passenger movement of sub-Saharan Africa’s movement and transportation is done by road. It is expected that infrastructure, as essential, would be developed and maintained accordingly. But this isn’t the case as a large number of roads in the region are unpaved
The term ‘gig economy’ is something that has been trending for a while, especially during and after the COVID-19 pandemic. If you’ve been curious about it, then voila! You are in the right place! The gig economy has been around for ages. The term ‘gig’ in ‘gig economy’ dates
Technology has been , and will continue to be the driving force behind how we operate as human beings. This is true for just about every aspect of our lives, and especially with how we receive and process information. It has revolutionized the way we learn and more so, in this
Knowledge is power . Everyone knows that, right? We live in a society that understands that learning is an essential part of growth and development. Education has been made more accessible and affordable over the years and we are all better for it . It seems however , that there are millions of
Cash is often described as the simplest, most widely adopted method of making a payment. Covid 19 seems to have brought a change in this system in Africa. The new normal could be “Mobile Money”; at least, it could be seen as a smooth take-off towards a more digital Africa.
The picture of networking would be a group of people, huddled together, drink in hand, and in deep conversation. We have all seen this at conferences and events with everyone ‘working the room’. It’s an important part of how we go about our lives and conduct business. People pay
According to the Mo Ibrahim Foundation’s 2020 African Governance Report, “quality statistics are essential for all stages of evidence-based decision-making, which include monitoring of social and economic indicators; allocating political representation and government resources; guiding private sector investment; and information for the international donor community for programme design and