Retail

Kenya is quickly becoming a deathbed for giant retailers. In a space of approximately six years, several retailers that had a national presence have met their grave.

According to Nigeria's TradeDepot, the impact of the pandemic, rising inflation, border closures, and other issues drove significant changes in behavior for retailers, distributors, and manufacturers in 2020.

It appears that sachets dominate the retail industry in many parts of Africa. One of the reasons they have become popular is that they are less costly, mainly for the manufacturer, and not the consumer.

Online shopping will never be the same after the coronavirus pandemic. The pandemic has accelerated the shift towards a more digital world and triggered changes in online shopping behaviors that are likely to have lasting effects.

While challenges to adoption still exist, both in terms of customer preferences and inefficiencies in the market, e-commerce is beginning to generate traction both because of necessity and the presence of enabling technologies.

The rise of digital platforms and e-commerce will reshape the retail sector and in turn have deep implications for developing countries’ industrialization processes.

The Afrikan continent is poised to experience its next big growth phase. While previous growth phases on the continent – which helped birth the "Afrika Rising" narrative – were fuelled by the continent’s natural resources and young population, this one will be driven by financial technology (FinTech). Afrika has