The nuts and bolts of a 24-hour economy :: Mmegi Online

As the country forges a path towards a ‘round the clock’ operating economy, little has been said about the nuts of infrastructure, tax and policy frameworks that have to fit in with the bolts of regulation and financing needed to make this dream a reality, writes TIMOTHY LEWANIKA

Globally, the night-time economy is a multi-billion-dollar engine of activity, supporting millions of jobs across transport, hospitality, healthcare, energy, security, entertainment and urban services. Its appeal lies in its simplicity: extend trading hours, increase labour shifts, and unlock more spending. But the glossy promise masks a complex architecture.

The World Economic Forum (WEF) estimates that the global 24-hour economy stretching from varying sectors such as logistics, travel, manufacturing, hospitality will grow from roughly US$9.4 billion in 2024 to nearly US$25 billion by 2035. In several advanced markets, night-time activity contributes as much as four percent of GDP.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

ECONOMY

The nuts and bolts of a 24-hour economy

As the country forges a path towards a ‘round the clock’ operating economy, little has been said about the nuts of infrastructure, tax and policy frameworks that have to fit in with the bolts of regulation and financing needed to make this dream a reality, writes TIMOTHY LEWANIKA

Explore

More

Sky Clouds aligns UB Hotel salaries with P4,000 minimum wage

Rammidi somersaults on his earlier position

BSE scores first IPO since 2017

Knowing Ukraine beyond the war

‘Hell Niño’ rears its ugly head again

Selefu

Moti investment sparks state-capture fears

Two die in Palapye–Martins’ Drift accident

Block 6 shopping complex, a crime hotspot