Paul Balogun
During the early months of 2020, there were so many positive predictions of economic growth in Africa, the African development bank predicted a 3.1% economic growth in Africa. With the face of COVID-19 reality, all of these predictions were disrupted and various industries were badly affected. Amidst the pandemic, some industries experienced growth and with the current trends, they are predicted to have continuous growth in the coming years.
Here are the industries that would thrive after Covid-19
Fintech
With the promotion of social distancing and staying safe, everyone prefers to make financial transactions at the comfort of their homes without going to a physical financial institution. In Africa, the fintech industry has been getting a lot of recognition and acceptance with different fintech companies being established in different countries. After Covid-19 when it is very safe to move and people would still prefer engaging the services of fintech because after witnessing the level of comfort that the fintech industry is bringing to making the financial transactions a lot of people would readily prefer it than going back to previous ways.
Healthcare
The healthcare industry in Africa has not been getting the deserved attention pre-COVID-19 but with the existence of Covid-19 attention has shifted to that industry with Governments, private individuals and companies, international bodies focusing, and investing in that sector all in a bid to cushion the effect of the pandemic. After the pandemic, the attention would not readily shift away from the healthcare industry because now people now know the value of that sector and the detriment when it is not getting the needed support.
Tech
The tech industry came to the rescue during the pandemic with different innovations to reduce the effect of the pandemic on various aspects of life from economic, health, education, and so on with telecommuting innovations, E-learning platforms, digital healthcare services, and the likes. With this display of confidence by the tech industry even here in Africa, investors are tilting now more than ever to the tech industry, pushing out heavy inflow of cash to keep the innovations coming and economic benefits growing.
Basically all aspect of life now operates on the digital space with the help of the tech industry which takes us to the last point.
Digital Agency
This is not necessarily an industry but the accommodation of different industries. The new trend with the existence of COVID -19 is business transitioning to digital. We have a lot of African companies that now operate fully or partially as a digital company like Andela, Espact, and so on. This trend is predicted to continue even after Covid-19 is over because is a comfortable, reliable, and well-accepted business trend.
As mentioned earlier Espact is part of companies that operate on the digital space in addition to that we are in the business of transitioning the business to digital, do you want to join the trend and operate in a comfortable, reliable, and result-oriented mode? CLICK HERE TO TALK TO US.
Digital Agency
This is not necessarily an industry but the accommodation of different industries. The new trend with the existence of COVID -19 is business transitioning to digital. We have a lot of African companies that now operate fully or partially as a digital company like Andela, Espact, and so on. This trend is predicted to continue even after Covid-19 is over because is a comfortable, reliable, and well-accepted business trend.
As mentioned earlier Espact is part of companies that operate on the digital space in addition to that we are in the business of transitioning businesses to digital, do you want to join the trend and operate in a comfortable, reliable, and result-oriented mode? CLICK HERE TO TALK TO US.
