As we all work to recover from the Covid-19 pandemic, global economies are facing new challenges: inflation and recession. Globally, prices are rising and supply chains are still disrupted. This inflation is likely to be long-lasting, and it could lead to a severe global recession. Small business owners and entrepreneurs will be particularly hard-hit by these economic conditions.
Running a business in Nigeria for example comes with its peculiar challenges which seem to multiply by the hour these days. So what should we all be doing right now to cushion the inevitable effects of all these, especially as businesses operating on the African continent?