The coronavirus pandemic has introduced doom and gloom to many companies globally, whether or not massive or small, and it appears like there can be harder instances forward as governments grapple with the worst financial downturn because the Great Depression.
But whereas some corporations are sinking and should not reopen once more, others have thus far been in a position to swim with the tide.
Amidst retailer closures, job cuts and tensions with industrial property landlords, some entrepreneurs in Africa have been in a position to take the pandemic of their stride and capitalise on altering shopper calls for.
Here are three corporations in several industries from throughout the continent that also maintain hope for the long run.
Hair and skincare in South Africa
In current years, the rising center class of Africans has led to the realisation that there’s a want for customised merchandise that cater particularly to African shopper wants.
The African magnificence trade is burgeoning as an growing variety of entrepreneurs are growing product ranges to go well with African physique varieties.
One such instance is Native Child, a South African hair and physique care model that makes use of solely pure substances, which was based by amount surveyor Sonto Pooe in 2015 from her kitchen.
The enterprise had been rising at a gentle tempo, however the coronavirus lockdown measures mandated by the federal government prompted retail gross sales to plunge and the price of procuring essential provides to soar, impacted by the falling South African rand.
Fortunately Ms Pooe’s enterprise has been allowed to remain open because it was classed as a necessary service, so she and her staff started problem-solving their well beyond a myriad of challenges.
Parcels are nonetheless being dispatched to prospects, and since many retailers have closed, Native Child gained many new prospects on-line from throughout the continent.
However this introduced extra issues, because the agency then discovered it was struggling to maintain up with demand. It needed to preserve understanding options to provide chain issues, because it turned too costly and too tough to import some uncooked supplies.
“There’s a selected product that we use in considered one of our formulations, which is a mix [of several] uncooked supplies to make one closing product. We’ve needed to create a mix ourselves, as an alternative of shopping for it already premixed…to form of make it possible for manufacturing nonetheless continues,” Ms Pooe tells the BBC.
Due to the lockdown, the ecommerce aspect of Native Child’s enterprise has taken off a lot that Ms Pooe is having to outsource the operating of the web site completely to a different agency, as there’s now extra work than Native Child can deal with.
E-learning in Nigeria
Gradely is a Nigerian expertise startup based in August 2019. The agency has a personalised e-learning platform for youngsters that makes use of synthetic intelligence to evaluate pupils’ strengths and weaknesses.
Schools in 144 international locations stay closed and oldsters are having to drag double obligation as each bread winners and lecturers.
While the platform continues to be in its first 12 months of operation, the coronavirus lockdown has served to speed up the start-up’s progress in growing the product, as frazzled Nigerian dad and mom turned on-line for assist.
“Gradely has been highlighted through the pandemic. People now come to search out us and there is been an enormous spike in demand, but it surely’s additionally put us in a spot the place we have to present and show the ability of expertise,” says Boye Oshinaga, founder and chief govt of Gradely.
Because the platform makes use of synthetic intelligence, the system is at all times studying, and over time it’s gathering precious information about how kids be taught and the areas the place they wrestle.
Parent Chinyere Ogunbi tells the BBC that she had been struggling to search out sufficient work and materials to offer her son to do.
“Gradely had a wider base the place they take a look at the kid, determine areas the place we’d like assist and concentrate on these areas,” she says. “That means I need not sit with him [all the time] – he can get onto the platform, do what he must do, and I get suggestions on his progress.”
Mr Oshinaga strongly believes that personalised studying is the way forward for training: “Parents are utilizing us every day and we’re already monitoring how a lot enchancment kids are making over a month or two, so we are able to present the world that this isn’t simply expertise for expertise’s sake – it will probably make an actual distinction in each kid’s studying.”
Securing funding for healthcare infrastructure
Africa Finance Corporation (AFC) is a pan-African funding grade multilateral finance establishment that’s run by sovereign African states.
It usually focuses on addressing infrastructure shortfalls and garnering investments to allow financial growth, and lately transport and communication have been excessive priorities.
The agency is predicated in Lagos, Nigeria, but it surely additionally works throughout the continent, with no less than half of its workers travelling on a regular basis. The coronavirus lockdown measures imposed by many governments have put a cease to this, and the agency has needed to fully remodel the best way it really works so that each one workers can work seamlessly at residence.
The agency has additionally switched its focus in direction of bettering well being infrastructure, by securing funding to rapidly construct hospitals.
So far by lockdown, AFC has constructed an emergency 110-bed hospital in Lagos, in addition to a 340-bed hospital in in Abuja, the federal capital of Nigeria.
The agency has additionally secured monetary support for 5 African states and is now working to increase that to a different 10 African nations.
“We’re taking a look at what sort of growth assist options we are able to present to boost the capability of the healthcare supply system on the continent and to usually address liquidity and the sovereignty challenges that we all know most of our establishments will face on the continent,” AFC chief govt Samaila Zubairu tells the BBC.
He added that the monetary trade is hoping that the coronavirus disaster will “flip into some form of benefit and get up name for the continent” that can encourage African nations and entrepreneurs to convey manufacturing centres and manufacturing actions “nearer” to residence.
“The disaster has revealed numerous well-known structural deficiencies in the best way African economies are arrange and the best way we commerce with the remainder of the world,” he stresses, explaining that some huge cash is spent by African nations to export primary commodities to different international locations the place manufacturing takes place, after which extra money is spent importing the products again into Africa.
“We have the continental free commerce settlement coming in power quickly – we have to make the most of this pandemic, to not waste this disaster, to make it possible for we now have manufacturing centres [where] we produce no less than 30-40% of what’s required for us to commerce inside ourselves on the continent, after which we proceed to construct on that going ahead.”
You can tune into In Business Africa each Friday at 18:30 GMT on BBC World News.