Revamp informal sector via technology

Consumers and small businesses are now using technology to order and deliver goods respectively. PHOTO | SHUTTERSTOCK

Informal enterprises (IEs) have played a key role in shaping African economies by raising standards of living at the bottom of the pyramid. Technology is transforming this critical sector and Covid-19 intensified its application as it created employment and income for the majority of people.

While informal sector can provide income-generation opportunity for low-income group, women, and the youth, attempt to redefine the sector to be in line with the future of work has never been given a priority. And despite its contribution to GDP, it is often difficult to ascertain.

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Note: The results are not exact but very close to the actual.