E- commerce is the Engine for Growth

“Never before has the ability to communicate been essential to humanity. More and more people are accessing the Internet and making phone calls cheaply while the technologies keep improving” writes Andrew Limo in the Kenyan national newspaper The Nation. The outcome of this has been transformation of economies, cultures and even politics all over the world. Information Communication Technologies, (ICTs) are changing the world in a manner never experienced since the industrial revolution. If Information Technology is defining winners and losers in the new knowledge-based economy, can we afford to ignore IT? The phenomenal growth of mobile phones in Kenya and many other developing countries thought to be too poor to afford the technology is a proof that people believe it is crucial to their well being. The economic benefits are apparent. In business, for example, those who have better communications channels can access wider markets, faster and cheaply. They have an edge over the traditionalists, business as usual lot. Read the full article here.

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