The concept of transformation in digital approaches and systems through the use of digital technologies in a strategic manner that streamlines and accelerates business operations has increased in recent times. Digitization of businesses not only promotes increases in revenue for businesses but also enhances customer experience and gaining a competitive edge for financiers of businesses.
There is a thin line between the strategic purpose and objectives of the African Continental Free Trade Area (AfCFTA) and the Sustainable Development Goals (SDGs). AfCFTA broadly centers on eradicating poverty through inclusive growth, sustainable jobs and sustainable industrial development. The SDGs on the other hand, are about eradicating poverty, protecting our planet and ensuring prosperity for all. They are both ambitious initiatives that are transformative at their core.
Consequent to the Covid-19 pandemic, many businesses, especially small ones and start-ups have suffered major setbacks. Some have folded up as operations stalled with the closure of borders, coupled with import/export associated delays, lack of turnaround capital, inactive clientele, etc.
The COVID-19 pandemic has exposed the response capacities of countries and highlighted the need to do better in the future. As countries struggle to respond to the pandemic and formulate their Covid-19 exit and recovery strategies to emerge stronger, there are looming questions around which parts of “business-as-usual” are worth returning to and which will require radical transformation to deliver long-term resilience.
The COVID-19 pandemic has exposed the fragility of health systems and highlighted the urgent need to invest in robust health systems as well as ensuring adequate level of security of supply of health products in the region through effective public health policy responses.