This archive report was first published on 17 July 2020.
July 17, 2020, marked a turning point in the global economy, as the world struggled to come to terms with the unprecedented disruptions caused by Covid-19. In Kenya, the economic contraction was particularly acute, with many families facing a bleak future due to job losses and business closures.
However, amidst the chaos, there lies an opportunity for businesses to learn and adapt. With the right technologies and strategies, companies can build resilience and navigate the challenges of the post-Covid era.
One key area of focus is employee upskilling and reskilling. As the pandemic has accelerated the shift to a contact-free economy, businesses must invest in their workforce to ensure they have the skills needed to thrive in this new environment.
Cloud computing is another critical tool in the post-Covid toolkit. By embracing cloud-based services, businesses can reduce costs and improve efficiency, but they must also ensure that these services are affordable, available, and cyber-secure.
Ultimately, the key to survival and success in the post-Covid era is business agility. Companies must be willing to adapt and evolve, embracing emerging technologies and new business models to stay ahead of the curve.
As Faustine Ngila, a 4IR journalist at NMG, notes, 'The faster businesses adapt and embrace digital transformation, the easier they will find ways to deliver results and keep employees on payroll.'
