Browsing: online shopping

Online shopper. There are risks associated with online buying and selling which one needs to be careful about.

Today, being an online trader or digital shopper only requires one to have a smartphone, internet connection, a convenient social media platform and some products to sell or to buy.

One of the major hindrances to e-commerce across the world is inadequate online payment systems. In Kenya, however, mobile payment platforms have placed the East African nation at the top of other global economies. For this and many other reasons, Kenya is ranked third in Africa after Nigeria and South Africa, in terms of online shopping volumes, according to an article published in the Daily Nation last year.

All said and done, while you enjoy the convenience of online shopping, doing so comes with risks that can frustrate the modern way of shopping, leaving consumers and dealers vulnerable to the antics of online criminals.

Many, if not all, emerging markets have relaxed the regulations and restrictions related to FDI to encourage global investors to the continent.

The Business Insights on Emerging Markets 2021 also reported that the foreign direct investment in the emerging markets jumped from 15 per cent to 46 per cent over the last two decades.

The wave of technological advancements integrated with digitalization has captivated the globe and benefited the global economy in many unexpected ways. Developing countries in Africa need to embrace the fast pace technological revolution, which shall revamp the markets in the continent.

Emerging markets have been very active in creating the digital infrastructure for technological innovations accelerated by the onset of the Coronavirus pandemic.

Rising income levels among all socioeconomic classes are seeing an increase in the demand for goods and services and firms should consider introducing their products to the continent since there are lucrative investment, production, and distribution opportunities all over Africa.
According to Brookings Institute, the sectors to look out for and invest in include the Fast-Moving Consumer Goods (FMCG), online retail and luxury goods.