- African fintech boom attracting global investments
- A stronger private sector can boost African trade
- AfCFTA crucial for Africa’s economic recovery and growth
- Africa must diversify its food sources to reduce dependency
- Meikles seeks approval to delist from London Stock Exchange
- Dubai’s DP world seeks to transform trade in Africa
- Ghana reduces e-levy rate to 1% in 2023 budget
- Angola, Italy trade relations in 2022
Browsing: Artificial intelligence
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 …
- The new self-care chatbot addresses customer queries on WhatsApp without the need to physically visit a shop or phone a call centre
- For all our customers, the chatbot named Thembie will be at their service 24/7
- Thembie will help support them with any queries or issues they may have around merchant and bill payments, airtime purchases, sending money, sending money reversals, ZESA token purchases, banking services, PIN resets and stamped statements requests, balance enquiries, and many more
Zimbabwe’s leading mobile money platform and a subsidiary of EcoCash Holdings, EcoCash, has added another digital touchpoint to improve its customer experience by introducing an Artificial Intelligence (AI)-powered chatbot, called ‘Thembie’.
EcoCash Holdings is a diversified digital and fintech group listed on the Zimbabwe Stock Exchange. They are also a subsidiary of listed Econet Wireless Zimbabwe.
EcoCash’s Chief Operating Officer Munyaradzi Nhamo said the launch of Thembie was driven by the company’s desire …
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...
- 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 …
A report by the African Development Bank notes that today, at least a quarter of the continent’s population has internet access, a nearly fifty-fold increase in internet usage since the turn of the millennium.
Mobile technologies alone have already generated 1.7 million jobs and contributed US$144 billion to the continent’s economy, or roughly 8.5 percent of GDP
Accelerating digitalization, artificial intelligence (AI), cloud computing, robotics, and 3D printing – have obvious and important implications for education, employment, and the future of work
Leaders on the Afric...
- IBM Growth Markets General Manager for Africa Julia Carvalho said increased use of Artificial Intelligent is not limited to organizations and businesses
- Technology is playing a key role in crucial industries such as agriculture and said it would help to deliver data analytics and predictive insights to help farmers make better-informed decisions
- Overall, IBM revealed that nearly half of global businesses at 43% accelerated their rollout of AI over the last year as organizations looked to virtual assistants to automate workflows
Artificial intelligence use in Africa
Artificial Intelligence (AI) is the future, and experts are advising players, especially in agriculture, to incorporate the technology in their operations.
A recent IBM report revealed that nearly half of global businesses at 43% accelerated their rollout of AI over the last year as organizations looked to virtual assistants to automate workflows.
80% of companies stated they had plans to roll out some form …
African designers have to adapt and invest in technology to help grow the continent’s fashion entrepreneurship.
With the Covid-19 pandemic, there has been a notable acceleration in consumer shifts and digital trends that were in motion prior to the crisis.
To maintain the momentum and to grow the multibillion-dollar industry further, fashion entrepreneurs must take advantage of fashion-enabling tools at their disposal. E-commerce, artificial intelligence, augmented reality and digital printing are tools that will shape the future of the fashion industry in Africa, according to Vanessa ...
Global data centre spend was expected to reach an impressive total of $208 billion by the end of 2020.
Demand, thanks to expanding business footprints and the move to the cloud and alternative infrastructure solutions, has pushed the market into overdrive with an estimated 628 hyper scalers expected to rise by 2021.
The edge, artificial intelligence, cloud IT infrastructure investment, machine learning, and the rise of emergent technologies are shifting the data centre into high gear, and centre stage.
But what if the data centre fails? What if demand overtakes infrastructure? Downtime can incur huge costs, put an organisation’s reputation on the line, and can have unexpected knock-on ripple effects throughout the company and its infrastructure.
Therefore, it is essential to tick two particularly important boxes when investing in a robust data centre strategy – reliable power and comprehensive loadbank testing.
As data centre usage continues to rise exponentially alongside …