- The Far Property company to list more linked units on BSE
- Building Kenya’s tourism competitiveness in Africa
- Uganda Securities Exchange creates new window for SMEs’ capital mobilisation
- Indian Ocean safety stamp to boost Kenya imports savings
- Nigeria’s capital market positive US dollar returns in September
- South Africa’s manufacturing grew 2.9% in September
- Costs of farm inputs still a headache for Africa
- Beekeeping in Tanzania, adopting modern agriculture technologies
Artificial intelligence may come to mind as some enigmatic, far-off idea from the Fourth Industrial Revolution that is connected to sequences from “out there” sci-fi films like Star Wars and Terminator.
But AI is already here and being employed in a wide range of technological advancements that facilitate and improve the efficiency of our daily tasks.
- According to the African Development Bank’s (AfDB) 2021 report, 92 per cent of Africa’s investment in tech is won by just four countries: Nigeria, Egypt, Kenya, and South Africa.
- Indian-based AI firm CyborgIntell opens an office in South Africa.
- Intel taps North West TVET college to spark AI appetite.
International Tech companies and investors continue to pour money into Southern Africa’s Tech space, but that influx of cash is not being distributed evenly. The vast majority of the investment is scooped up by just one country, South Africa.
By Ope Babalola
Digitalization brings new opportunities in trade and creates the potential to underpin resilience in times of crisis. The digital transformation of African customs and borders could improve efficiencies in processes and yield trade gains on the continent of US$20 billion a year.
With digital trade in place, pre-existing bottlenecks in infrastructure can be tackled, efficiencies can be leveraged, and innovative solutions can be harnessed. However, countries in Africa vary greatly in their readiness for digital trade.
In African countries where economic resilience mus...
- Digitalization brings new opportunities in trade and creates the potential to underpin resilience in times of crisis
- The digital transformation of customs and borders in Africa could improve efficiencies in processes and yield trade gains on the continent of US$20 billion a year
- Single Window can cross-check credentials for consistency and traceability, reducing errors and fraud
The digital transformation of customs and borders in Africa could improve efficiencies in processes and yield trade gains on the continent of US$20 billion a year.
Digitalization brings new opportunities in trade and creates the potential to underpin resilience in times of crisis.
The digital transformation of customs and borders in Africa could improve efficiencies in processes and yield trade gains on the continent of US$20 billion a year. With digital trade in place, pre-existing bottlenecks in infrastructure can be tackled, efficiencies can be leveraged, and Innovative solutions can be harnessed. However, countries in …
Rising passenger expectations have put pressure on major transport hubs to bolster throughput, cut queues and make the journey from entrance to departure gate as seamless as possible
AI is already contributing to a large spectrum of applications in Africa's aviation and air traffic systems, providing support to its managers (airlines/airport managers, air traffic management) and operators (pilots, air traffic controllers, airport operators, flow controllers)
AI is popping up across the entire aviation spectrum, from self-service check-in robots to facial recognition checks at custom...
Major technological advancements in Unmanned Aerial Vehicles (UAVs), or drones, are changing how asset inspections are conducted. Drone solutions are replacing difficult and hazardous manual inspections for electrical transmission and distribution lines, significantly reducing time and costs. Now is an exciting time to be in the energy industry.
According to Energy Magazine, artificial intelligence (AI) and machine learning are set to transform the energy industry, by digitizing its asset inspection and asset management.
The Zimbabwe Electricity Supply Authority (ZESA) is now legally able to incorporate drones in its infrastructure management. This announcement was made at an event the national power company held to mark its acquisition of a Remotely Piloted Aircraft Operator’s Certificate (ROC).
According to an article by Newsday published on June 15, 2022, speaking at ZESA’s drone technology certification ceremony in Harare Executive Chairman Sydney Gata said certification of the use of drone technology in their day-to-day operations …
- The intelligent packaging market revenue totalled US$17.8 billion in 2020, with the global market expected to reach US$46.7 billion by 2031
- Packaging companies are anticipating using the Internet of things (IoT), blockchain, and AI to improve plastic waste collection, logistical efficiency, data analytics, and customer experience
- Each year, over 15 million tonnes of plastic waste make their way into the Indian Ocean, damaging and even bringing to extinction marine life
- Around 9.2 billion tonnes of plastic have been manufactured globally, out of which only 9 per cent is recycled!
Many governments and non-governmental organizations in Africa agree that single-use plastics account for a huge chunk of issues related to environmental degradation.
Governments in Africa ban plastic use
Over 30 governments in the continent have even restricted their use, with Kenya imposing the world’s strictest plastic bag ban in 2017. Africa has been experiencing severe flooding, and one of the reasons …
- By 2030, Google projects that Africa will be home to more than 800 million internet users, equating to a third of the world’s youth population, making it an attractive investment destination
- Google is investing US$1 billion in various projects on the continent over five years to help economies accelerate their digital transformation by providing reliable internet access
- Nigeria marks Equiano’s second stop in Africa after Togo, with future landings expected in Swakopmund, Namibia, and Melkbosstrand, South Africa
Google is very heavy on investing in internet connectivity in Africa, believing that the digital market in the continent will explode in the next decade.
From the installation of subsea cables to the AI and development centres in the continent, Google has made its vision for Africa clear.
Google’s first-ever Africa product development centre
Alphabet Inc’s Google (GOOGL.O) has invested in its first-ever Africa product development centre in Nairobi, Kenya, to position itself …
The African tech sector taking flight and with the Fourth Industrial Revolution (4IR) upon us, the continent has to harness all its resources to benefit from the opportunities therein.
While the 4IR offers immense prospects which could turn the continent’s economy around, a lot needs to be done to ensure that the decade-long lament of a poor Africa does not continue.
The 4IR technological revolution has important implications for education, employment, and the future of work on the continent which will have 1.6 billion people by 2030.
4IR is characterized by accelerating digitalization and the use of new technologies— including Artificial Intelligence (AI), cloud computing, robotics, 3D printing, the internet of things and advanced wireless technologies.
According to the African Economic Outlook 2020 by the African Development Bank (AfDB), Africa needs to prepare for the implications of the 4IR just like …
Africa is not short of talent but dependence on foreign aid for decades has eroded the confidence of many who feel all they need to do is wait and receive.
However, with the advent of the 4th Industrial Revolution (4IR), hitherto unseen explosions of excellence are popping all over the 54-nation continent heralding a shift from the begging bowl norm to creators of change and their own sustenance.
The best example of the adoption of technology and the expansive opportunities it has to offer is a Nigerian pharmacist, Adebayo Alonge, who is making heads roll in the global technosphere.
Alonge, the CEO and co-founder of RxAll, emerged the winner in a contest with 4,500 contenders from 119 nations last year becoming the first African to win the BNP Paribas Hello Tomorrow Global Challenge.
But his innovation did not …
Over 25 per cent of Kenya’s insurance industry income is fraudulently claimed leading to insurers incurring heavy losses.
To counter this, Kenindia Assurance has taken steps to curb the fraud by incorporating Artificial Intelligence (AI) in its motor insurance claim processes.
The insurer is utilizing artificial intelligence to fast track its claims resolutions through the use of anomaly detection, sentiment detection, text analytics and a self-service portal.
Integrated Motor Insurance Data System
Kenindia Assurance Deputy General Manager, Joyce Mathenge, says that motor insurance is the main contributor to insurance fraud hence the need to develop mechanisms to lower their risks.
“With more Kenyans owing cars and motor insurance being mandatory, we find that having ineffective due diligence processes and a corruption culture usually leads to motor fraud. We have invested in artificial intelligence as well as continuing training our teams to enhance their abilities to detect motor fraud,” said …