Technology is rapidly transforming the way business is done. Orthodox means would require one to be physically in the location of the commodities one needs to purchase. But with technology, things have just changed.
Electronic commerce (e-commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.
Even developing economies have been embracing e-commerce. Meanwhile, the rate at which Zimbabwe is adapting is not encouraging.
The cost of data, the digital divide which is between the haves and have nots, between rural and urban dwellers and inadequate infrastructure have been identified as some of the reasons choking efforts to go digital.
See e-commerce trends in Africa below.
