How to Survive the Present Economy Challenges

Economically, the chances of survival are very low compared to before when the price of things was normal.

Nowadays,

So to survive the present challenges, you have to do these things:


• Plan yourself ahead of time: With the rapid increase in the prices of goods and services, planning yourself on the way to spend your money is very important. For example, planning how to carry out your spending as a person will help you a lot.


• Have an order of priority: Spend money on things based on your pressing needs. Weigh your needs from top to bottom, and give interest to the ones you can't do without. This will help you to avoid spending money unnecessarily.


• Have a budget: Based on the amount of money you have at hand, write a list of what you want daily, weekly or, sub-weekly and allocate money to each of them. Then, spend the money in line with the prices on the list to avoid unnecessary spending.


• Save up: Learn to save even if you don't have much. Bringing out a certain amount of money for saving will save you every time, most especially when you are in dire need of money in the future. There are many ways to save money (local or modern means). If you always find it very difficult to save, source for legit banking apps that would allow and remind you to save the little or more you have.


• Increase your earnings: If you've always been earning lower before the drastic rise, look out for means of increasing your income. As the prices of commodities rise, your income too should rise. Strive diligently to increase your earnings.

You can always seek professional help on saving. Always review your progress as time goes on to see the areas where you will improve. This will help you to keep track of your spending and how to manage your life as an individual. Ensure that you show up to your line of duty and save more.

In today's fast-paced world, where time is of the essence, delivery services have become a vital component of the modern lifestyle. Nigeria, a country with a rapidly growing economy and a thriving e-commerce sector, has witnessed a significant rise in the popularity of delivery as a service. 

This article delves into the advantages and drawbacks of this phenomenon, shedding light on how it has revolutionized convenience for consumers while posing challenges to businesses in Nigeria.

The Rise of Delivery as a Service in Nigeria:

The advent of technology, coupled with the increasing accessibility to the internet, has paved the way for the growth of delivery services in Nigeria. From food delivery to e-commerce packages, consumers now have the convenience of receiving goods and services at their doorstep, saving time and effort.

 What's Delivery as a Service (DaaS)? It's a relatively new business model that has emerged in the Nigerian market in recent years. This model involves outsourcing delivery logistics to a third party provider, allowing businesses to focus on their core operations while leaving the delivery of goods to experts. DaaS has given rise to new opportunities for entrepreneurs in the delivery sector. This is especially with the emergence of Kwik Pik  delivery services in Nigeria. 

Pros of Delivery as a Services

1. Convenience: One of the most prominent advantages of delivery as a service is the convenience it offers to consumers. With just a few clicks on a mobile app or website, customers can place orders from the comfort of their homes or offices, eliminating the need to travel to physical stores.

2. Time-saving: Delivery services in Nigeria have drastically reduced the time required to obtain goods and services. Consumers can now receive their orders within hours or even minutes, depending on the proximity and availability of the service. This efficiency has made it possible for individuals with busy schedules to meet their needs without sacrificing their valuable time.

3. Accessibility: Delivery services have bridged the gap between businesses and consumers, particularly in remote or underserved areas. This accessibility ensures that individuals living in regions with limited access to goods and services can now enjoy a wide range of products without the need for long-distance travel.

4. Job Creation: The rise of delivery as a service in Nigeria has led to the creation of employment opportunities, particularly in the logistics sector. From delivery drivers to warehouse staff, this industry has become a significant source of income for many individuals, contributing to the country's economic growth.

Cons of Delivery as a Service:

1. Cost: While delivery services provide convenience, they often come with additional charges. Consumers may have to pay delivery fees, and in some cases, prices for products may be inflated to cover the cost of delivery. This can be a deterrent for price-sensitive customers, limiting their ability to utilize these services frequently.

2. Infrastructure Challenges: Nigeria's vast geography and underdeveloped infrastructure pose challenges for delivery services. Poor road networks, traffic congestion, and inadequate addressing systems can lead to delays and complications in the delivery process. This can negatively impact the reliability and efficiency of the service.

3. Security Concerns: Delivery as a service entails entrusting personal information, such as addresses and payment details, to the service providers. While efforts are made to ensure data protection and security, there is always a risk of data breaches or unauthorized access, which can erode consumer trust and confidence in the service.

4. Inability to track goods being delivered: There’s a common concern from clients in the area of not being able to track the delivery agent’s dispatch rider, so as to know the possible time frame that the goods will be delivered. This is because most of these dispatch rider can only mostly be contacted via a phone call and hence whatever the rider tells you about his location is what you have to belief.

In conclusion, delivery as a service has undoubtedly transformed the way Nigerians access goods and services, offering speed, convenience, and accessibility. While there are clear benefits, such as time-saving and expanded job opportunities, challenges remain. Businesses and policymakers need to work together to address issues such as infrastructure development, cost management, dart in package tracking and security measures to maximize the benefits and mitigate the drawbacks.

As technology continues to advance, the delivery sector in Nigeria will undoubtedly revolutionize the way Nigerians sends and receives goods thereby striking a balance between convenience and satisfaction cum profitability for both customers and businesses and then enhance economic growth in general for the nation.  At kwik Pik be rest assured that you would enjoy fast, reliable and convenient delivery of your goods and services. Download app from google play and apps store 

   E-commerce has changed the business world into  a digital market.which has been achieved through technological advancements,and increase in small capital start up Businesses.

   There is need therefore a break down of simplified and precise measure to take so as to start up an online business or store

1.Choose what to sell

     this is usually the most difficult task to achieve in starting an online business, because, now there is need to decide by considering several factors,which could include the availability of the product,the desirability of the product e.t.c and this could be a very herculean task.

 2.Evaluate the sellability of your product

    who are the targeted audience for your products and how much are they willing to buy,and at what rate are they buying.its is important that we decide the desirability of the product you want to sell,so as no to invest your capital in products that will stagnate your capital.

3.Availability of the product

   How fast and how easily accessible are your products,don't sell a product that you are not sure where to restock from when you run out of products,and also don't sell products that's their raw materials are relatively scarce.tbis could be detrimental if not thoroughly considered.

4.Thoroughly study your competitors

    Here the SWOT analysis could be very strategic to execute this,so as to have a competitive advantage and not be thrown out of business by your competitors.

 this also helps you to differentiate your business from your competitors business and amplify to your audience the benefits of your own brand overs theirs.

5.Write a business plan

     A business plan helps you bring your ideas together,so as to present your business in a much more organized form.it arranges priorities of a business, highlights the mission of the business,thereby showing potential investors and employees the core values of your brand.

6.Choose a business name and logo

   this is aimed at helping you give your brand it's own distinct identity,and also make it easier for your customers to identify and locate your own brand with complications.

   An online business or store can be very easy and yet complicated to start if the right measures are not taken,so build your brand through these precise and yet simplified ways.

        Knowing that there has been a recent tech awakening across Africa and that youths are more heavily invested in this change,the global economy has felt the impact of African tech personnels, through it's contributions to the tech world.

    *. Africa's high population

This has  been a major factor that has contributed to the impact of Africa's Tech Talent to the global economy, because Africa has a high population,and there has been an awakening in  tech, thereby leading to many Africans going into the tech world.

    *The increase in new tech players in Africa

The massive increase in the growth of tech players from Africa has contributed to the boost on the economy.

     this has also attracted the attention of international companies and venture capitalists (Vcs)to the region to hire tech talents to work in these international companies,and also helped in the funding of tech ideas in the African region.

     *African developers are resilient

Africans are resilient in their pursuit, therefore they tend to learn fast and adapt to any environment they find themselves.this has be confirmed by many international organizations that have African talents in their team.

  *Overcoming obstacles

Tech Talents in Africa have overcome infrastructural challenges to become visible in the global tech stage,these has made their efforts visible in the economy.

Africans train themselves to become world class communicators and software developers.they are independent,agile and self motivated.

Conclusion

As Africa continues to be a major destination for tech investors, with the volume of venture capital flowing into the continent tripling over the past years, software developer openings continue to grow. Tech companies are setting up new offices across Africa and hiring local software developers to fill the available tech roles,Not only does this expansion create more jobs, but it also impacts the economy – both on a local and global scale.  It will be interesting to see the impact African software developers continue to have on the global economy in the coming years.

When you think of successful tech entrepreneurs, you might picture a Silicon Valley wunderkind with a computer science degree from Stanford. But in Africa, some of the most inspiring and innovative founders are self-made entrepreneurs who started from humble beginnings.

Take the story of Aliko Dangote, for example. Before he became Africa's richest man, with a net worth of over $11 billion, he sold sweets and chewing gum on the streets of Kano, Nigeria. He eventually went on to build a business empire that spans industries from cement to sugar to telecommunications.

Or consider Bethlehem Tilahun Alemu, who grew up in a poor neighborhood in Addis Ababa, Ethiopia. She founded the footwear brand soleRebels, which has since expanded to over 20 countries and is on track to reach $100 million in revenue by 2025.

These bootstrapped entrepreneurs are not only inspiring, but also crucial to the growth of Africa's tech ecosystem. With limited access to traditional financing, many entrepreneurs have had to rely on their own savings and ingenuity to get their businesses off the ground.

And yet, despite the odds, many have succeeded beyond their wildest dreams. In fact, a recent report by the African Development Bank found that 22% of African startups were profitable, with an average annual revenue growth rate of 17%.

So, what makes these entrepreneurs so successful? For one, they often have a deep understanding of the local market and its needs. Many of them have started businesses that address specific pain points in their communities, from affordable housing to mobile payments to e-commerce.

In addition, bootstrapped entrepreneurs tend to be scrappy and resourceful. They know how to stretch a dollar and make the most of limited resources. And because they don't have the luxury of relying on outside investors, they often have to be creative in finding alternative sources of funding, such as grants or crowdfunding.

Of course, bootstrapping isn't without its challenges. It can be difficult to scale a business without outside investment, and many entrepreneurs struggle with limited access to mentorship and business support services.

But as more and more entrepreneurs like Dangote and Alemu prove, it's possible to build a successful business from scratch, even in the face of adversity.

So, the next time you're feeling discouraged about your own entrepreneurial journey, remember the inspiring stories of Africa's bootstrapped entrepreneurs. They prove that with hard work, perseverance, and a little bit of creativity, anything is possible.

Tunisia, a small country in North Africa, may not be the first place that comes to mind when you think of tech startups. But over the past few years, the country has experienced a boom in entrepreneurship and innovation, with a growing number of startups disrupting traditional industries and solving unique local challenges.

One of the most exciting areas of growth in Tunisia's tech scene is in the fintech sector. In a country where nearly half of the population is unbanked, startups like Paymee and Expensya are helping to bring financial services to underserved communities. Paymee, for example, allows users to make payments and transfer money using their mobile phones, while Expensya helps businesses manage their expenses and streamline their accounting processes.

Another area of innovation in Tunisia is in the field of education technology. With the COVID-19 pandemic forcing schools to close and shift to online learning, startups like GoMyCode and Edumetric have stepped up to provide digital learning solutions for students and teachers. GoMyCode offers coding bootcamps and tech courses online, while Edumetric provides a platform for teachers to create and share educational content.

Tunisia's tech startups are also making waves in the travel and hospitality industry. With tourism being a major source of income for the country, startups like Trip4Care and Wibees are helping to attract more visitors and enhance the travel experience. Trip4Care offers medical tourism services, while Wibees is a platform for booking unique and authentic experiences with local hosts.

Of course, Tunisia's tech scene still faces its share of challenges, including a lack of funding and a shortage of skilled talent. But with the government and private sector investing more in innovation and entrepreneurship, the future looks bright for Tunisia's startups.

In conclusion, Tunisia may be small in size, but it's big on ideas and innovation. From fintech to edtech to traveltech, the country's startups are pushing boundaries and driving progress. Who knows – the next big tech unicorn could be born in Tunisia.

In recent years, e-commerce platforms have gained significant traction in Africa, driven by increased internet penetration, a growing middle class, and a rise in mobile phone usage. According to a report by Jumia, Africa's leading e-commerce platform, the continent's e-commerce market grew by 40% in 2020, despite the impact of the COVID-19 pandemic.

While Western e-commerce giants like Amazon and Alibaba have made strides in the African market, local platforms have emerged to cater to the unique needs and challenges of African consumers and businesses.

One of the biggest challenges for e-commerce in Africa is logistics and infrastructure. Many parts of the continent lack reliable postal services or transportation networks, which can make it difficult to deliver goods to customers. To address this challenge, African e-commerce platforms have developed innovative solutions, such as partnering with local delivery services, using motorbikes for last-mile delivery, and offering pickup points in local shops.

Another challenge is trust and payment security. Many Africans are hesitant to use online payment systems, and credit card penetration is relatively low. To build trust and promote adoption, African e-commerce platforms have introduced payment options like mobile money, cash on delivery, and pay-on-pickup.

African e-commerce platforms have also adapted to the unique cultural and linguistic diversity of the continent. Many platforms offer language options beyond English and French, such as Swahili, Yoruba, and Hausa, to cater to local language preferences.

In terms of market share, Jumia is the leading e-commerce platform in Africa, with a presence in 11 countries and over 6 million active customers. However, other local platforms like Konga, MallforAfrica, and Takealot are also gaining traction in their respective markets.

Compared to Western platforms like Amazon and Alibaba, African e-commerce platforms have some key differences. For example, African platforms tend to focus more on consumer goods and daily necessities, rather than luxury goods or electronics. Additionally, African platforms often serve as a marketplace for third-party sellers, rather than selling products directly, which can make it easier for small businesses to enter the market.

However, African e-commerce platforms still face stiff competition from Western giants like Amazon and Alibaba, which have significant resources and experience in the e-commerce industry. For example, Amazon recently launched Amazon Prime in South Africa, offering free and fast shipping to customers.

Despite the challenges and competition, African e-commerce platforms have significant potential to grow and create new opportunities for businesses and consumers. With innovations in logistics, payment security, and language options, African e-commerce platforms can continue to cater to the unique needs and challenges of the African market.

In conclusion, the growth of e-commerce platforms in Africa has been a remarkable success story, and a testament to the innovative spirit and entrepreneurship of Africans. As these platforms continue to evolve and expand, they will play an increasingly important role in driving economic growth and improving access to goods and services across the continent.

https://www.amazon.com/ 

https://www.alibaba.com/?src=sem_ggl&field=UG&from=sem_ggl&cmpgn=9922923274&adgrp=97780323582&fditm=&tgt=kwd-934428634720&locintrst=&locphyscl=9070182&mtchtyp=e&ntwrk=g&device=c&dvcmdl=&creative=598857653490&plcmnt=&plcmntcat=&aceid=&position=&gclid=Cj0KCQjwxYOiBhC9ARIsANiEIfZj2Mudlfc5s_-ifYjqppDBqRa1jnQ8YSaS4M5I4uxmaVy6Qgb6yrMaAqb9EALw_wcB

South Africa is known for its beautiful landscapes, diverse wildlife, and world-class wine. However, few people know that technology is playing a vital role in the country's wine industry. In recent years, South African winemakers have been using a range of cutting-edge technologies to produce better-quality wine, reduce waste, and improve their yields.

One of the main areas where technology is making a difference is in vineyard management. By using sensors to monitor the soil, temperature, and moisture content, winemakers can make better-informed decisions about when to irrigate, fertilize, and harvest their grapes. Drones are also being used to collect data on vine health and monitor the spread of diseases and pests.

In addition, winemakers are using technology to improve the winemaking process itself. For example, some are using digital tools to track the fermentation process and ensure that the wine is of a consistent quality. Others are using 3D printing to create customized wine barrels that are more efficient at storing and aging the wine.

These innovative approaches are not just improving the quality of South African wine. They are also helping winemakers reduce waste and increase efficiency. By using technology to optimize their production processes, winemakers can reduce their energy consumption and water usage, which is not only good for the environment but also for their bottom line.

Overall, technology is transforming the South African wine industry, enabling winemakers to produce better-quality wine more sustainably. As the industry continues to innovate and adapt, consumers can expect to see even more exciting developments in the future.

https://en.wikipedia.org/wiki/South_African_wine

Cape Verde is a small island nation off the coast of West Africa that is rapidly becoming a hub for innovation in ocean science and technology. With its vast marine resources, Cape Verde is poised to become a leader in the emerging "blue economy," which is focused on sustainable use and development of ocean resources.

One of the key drivers of Cape Verde's blue revolution is technology. From advanced fishing techniques to renewable energy systems, technology is helping the country to harness the economic potential of its oceans in a sustainable way.

According to Dr. Rui Freitas, a marine biologist and expert in ocean science at the University of Cape Verde, technology is enabling the country to take a more strategic and long-term approach to its ocean economy. "We are now able to collect and analyze data on fish stocks, ocean currents, and weather patterns in real time," he explains. "This allows us to make more informed decisions about fishing quotas, marine conservation, and other aspects of our ocean economy."

One example of this is the use of satellite technology to track the movements of fish stocks. By analyzing satellite data, Cape Verde's fishing industry is able to target specific areas where fish are abundant, reducing the need for large-scale fishing operations that can harm the marine ecosystem.

In addition to sustainable fishing, Cape Verde is also investing in renewable energy systems that utilise the power of the ocean. The country is currently developing a wave energy project that will generate electricity from the movement of the waves. "The potential for renewable energy from the ocean is enormous," says Dr. Freitas. "Not only does it provide a sustainable source of energy, but it also helps to reduce our dependence on fossil fuels."

Another key technology driving Cape Verde's blue revolution is aquaculture. By farming fish in controlled environments, Cape Verde is able to reduce pressure on wild fish stocks while also providing a reliable source of high-quality seafood. "Aquaculture is a win-win for us," says Dr. Freitas. "It provides economic benefits while also helping to preserve our marine ecosystem."

As Cape Verde continues to develop its ocean economy, it is clear that technology will play a critical role. By harnessing the power of data and innovation, the country is paving the way for a more sustainable and prosperous future.

Technology has truly improved humanity since its existence but an aspect of it that humanity is not ready for causes more harm than good.

Let's travel to Nigeria, in February 2022 the central bank passed a certain rule that will help eliminate the flow of cash and promote cashless society. This plan was rejected by her citizens, banks were closed down, it resulted in unrest in the country, and of course destruction of lives and properties followed.

It's very important to note that ignorance is a major hindrance to whatever you want to do. In some rural communities they can't even use the ATM machine, to even do a mobile transfer in the so-called urban areas is a big deal, as there might be an unstable network.

Imagine having these issues and you want to switch to a fully cashless society in a place where people are yet to fully understand the traditional way of doing things, it will yield disaster.

For this cashless society to be effective, there should be proper education of the public, and also we should be able to trust the system in the sense that it is transparent, can be held accountable and there should be zero or very minimal network glitches.

Without the aforementioned, this will not be possible, even though the government might want to force it on people but it won't really be effective.

A cashless society definitely has both positive and negative effects on people.

But for now, I guess we are not ready.