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#199: Technology is a useful servant but a dangerous master - Christian Lous Lange.
Hello Venturer,
Is anyone else in Africa feeling like a survivor after one week of internet outage? Before the disruption that hit many parts of Africa, I don't think many of us realized how much the internet is woven into the fabric of our daily lives. It's become the air we breathe in the digital world.
The impact of last week’s disruption goes far beyond individual frustration. Businesses across various sectors – finance, manufacturing, e-commerce, you name it – rely heavily on internet connectivity. Without it, communication with clients grinds to a halt, transactions freeze, and operations are thrown into disarray.
Imagine being unable to render services, or communicate with your team as a remote worker. Yet, some industries have it worse than others. A study by McKinsey & Company found that a one-hour internet outage can cost a large online retailer an average of $1.7 million in lost sales. This week, we dive into the industries hit hardest by the internet disruption.
Suotunimi Orufa
Staff writer, Ventures Africa
What’s new?
Industries heavily affected by the widespread internet disruption in Africa
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Two years ago, the United Arab Emirates (UAE) imposed a visa ban on 20 African countries. The pattern from these other African countries contrasts with Mauritius and Seychelles, the only two African countries the UAE has granted visa-on-arrival access in a recently updated list. Learn more.
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