• Contact
Wednesday, February 8, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Trending Tags

  • Business
    Shell oil tanker questioned over payment of losses and damages

    Shell oil tanker questioned over payment of losses and damages

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Richest African man building fourth cement plant in Nigeria

    Richest African man building fourth cement plant in Nigeria

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

  • Finance
    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zanzibar’s president is looking to make horticulture a significant part of his country’s economy

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Zimbabwe cuts world’s highest interest rate as inflation eases

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Convergence Partners raises $296 million to drive digital inclusion across Africa

    Trending Tags

  • Business
    Shell oil tanker questioned over payment of losses and damages

    Shell oil tanker questioned over payment of losses and damages

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

    Richest African man building fourth cement plant in Nigeria

    Richest African man building fourth cement plant in Nigeria

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

  • Finance
    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Business

The effect of Covid-19 on small business and digitalization

TAB by TAB
01/12/2021
in Business
0
The effect of Covid-19 on small business and digitalization
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Related posts

Shell oil tanker questioned over payment of losses and damages

Shell oil tanker questioned over payment of losses and damages

03/02/2023
1
Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

03/02/2023
1

The effect of Covid-19 on small business and digitalization

The failure to prevent a new respiratory ailment known as coronavirus disease 2019 or Covid-19 results in a global pandemic in March 2020. Governments across the world adopt lockdown and stay-at-home orders as the last option to prevent healthcare systems from crashing. In the next months, empty office buildings, home offices, closed restaurants, silent pubs, and clubs will become emblems of social isolation and the limits of interactions with other people.

The effect of Covid-19 on small business and digitalization

Forex traders, on the other hand, saw this as an opportunity to make more money while wasting less time by trading on several finma regulated brokers . Trading on some Indian forex brokers gave many people the privilege to become self-independent and to support their families and their small businesses. Take a look at FP Markets for detail insights.

As a result of coronavirus, small business is being digitalized.

The coronavirus (Covid-19) pandemic has had a substantial impact on the world economy, particularly small enterprises.

Due to the pandemic’s uncertainty, imports and exports of commodities have come to a standstill as a result of restrictive measures to combat the virus’s spread. Producers of goods have withdrawn their properties off the market, and big suppliers have put their purchases on hold.

From big manufacturers of goods to small distributors, the industry’s numerous key stakeholders are all taking steps to stay in business, increase sales, and prevent losses as a result of the current small and medium scale business market slowdown.

Despite the fact that the internet has recently become the key source of information for potential customers, many small businesses still rely on full-page newspaper advertisements and hoardings. Many companies have spotted a chance to profit from the lockdown, which has forced people to stay at home and spend more time than usual on their phones or social media.

With so many different deals going on, social media sites like Facebook and LinkedIn have been flooded with information directed specifically at individuals who are still working and planning to invest or start a small business.

Virtual platforms have been adopted by experts in business management.

It is clear that the Covid-19 pandemic has irrevocably altered our way of life and work. The virus has infected every area, including our offices, houses, and outdoor areas. Small business owners have been harmed by the new coronavirus pandemic, which has hit every area of the economy.

Businesses that have realized the value of technology in managing their operations have reaped the benefits, from placing orders online to paying for items electronically to tracking their inventory online and generating invoices online. Virtual tours, a drone shot, or video walk-throughs were the main options for producing co-branded content while customer and board meetings were held via Google Meet and Zoom.

Many small enterprises that hadn’t recorded such videos before the pandemic rushed to produce them and employed professionals in assisting them in order to meet consumer demand. Similarly, some small businesses created online booking platforms to allow customers to select and purchase things online for a little cost. There was no need for face-to-face meetings to transfer payments.

About George Rossi:

George is the Chief Market and Broker Analyst at brokertested.com. Prior to that he served SVS Securities as Chief Market Analyst for two years and joined Morgan Stanley in Nov 2013 as Research Analyst.

George is a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

The effect of Covid-19 on small business and digitalization

Previous Post

Swimming SA says allegations of sexual abuse are ‘speculation’ and ‘unsubstantiated’

Next Post

Ford Motor invests further USD 34,7 m into Gqeberha plant

Next Post
Ford Motor invests further USD 34,7 m into Gqeberha plant

Ford Motor invests further USD 34,7 m into Gqeberha plant

RECOMMENDED NEWS

World Bank approves Egypt $400 mln to improve and decarbonize logistics and transportation sectors

World Bank approves Egypt $400 mln to improve and decarbonize logistics and transportation sectors

4 months ago
4
Ghana loses GH¢1.89 billion as a result of widespread defaulting in payment of judgment debt

Ghana loses GH¢1.89 billion as a result of widespread defaulting in payment of judgment debt

4 months ago
5
Best African countries for entrepreneurs in 2022

Best African countries for entrepreneurs in 2022

8 months ago
8
British Airways operates in, out of Abuja hours after UK travel ban

British Airways operates in, out of Abuja hours after UK travel ban

1 year ago
3

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business – News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • Zanzibar’s president is looking to make horticulture a significant part of his country’s economy
  • Shell oil tanker questioned over payment of losses and damages
  • Africa: SEFA Grants $1 Million to Seven Countries to Develop Electric Mobility

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In