Opinion

Artificial intelligence in Africa
  • Artificial intelligence in Africa can potentially propel the fintech industry into a new era of financial inclusion.
  • AI tools can analyse data from client discussions, producing legal documents in simple language and at a fraction of what it would typically take to draft a contract.
  • Banks, for example, can make their services more affordable to their customers by rolling out AI-powered chatbots to handle routine queries while sparing them from having to travel to a bank branch.

It’s difficult to imagine a time before the widespread adoption of mobile technology in Africa – particularly where financial services are concerned. For millions of unbanked people, transactions were limited to cash, postal services or even the barter system.

Now, in much the same way as mobile payments completely disrupted the status quo, AI has the potential to propel the fintech industry into a new era of financial inclusion. And perhaps most exciting …

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  • One of the most important ways a fintech can listen to its customers is to gauge how they engage with its products.
  • Having a deep understanding of customer needs results in innovative solutions.

All around the world businesses are pulling out the stops to achieve growth in what can best be described as challenging economic conditions. Africa is no exception. The continent has long been recognised for its immense potential, and as such businesses across sectors are investing heavily into the continent.

Advancements in technology make serving the unbanked and underserved populations in Africa more viable than ever before. However, that does not mean growth comes easily. It is a hyper competitive and complex environment where genuinely understanding your customer is key to growth.

Even with this textbook understanding, there is a strong urge to take the “build it and they will come” approach because we can get caught up …

  • Namibia is fortunate to benefit from the experiences of other oil- and gas-producing states.
  • The country’s oil and gas sector is still looking forward to reaching the production phase, but S&P Global analysts don’t anticipate Namibia’s first oil production will come until 2029.
  • Further, the country’s first gas-to-power project is scheduled to begin in 2027.

Namibia’s energy sector is still looking forward to reaching the production phase — S&P Global analysts don’t anticipate Namibia’s first oil to come until 2029, and the country’s first gas-to-power project is scheduled to begin in 2027.

Before Namibia achieves these hotly anticipated milestones, Namibian lawmakers can implement thoughtful, …

  • AI allows photographers to transform their photos with just a few adjustments, enhancing colours, recovering details, and creating vibrant images that truly capture the magic of the moment.
  • AI-powered editing tools excel in removing unwanted elements, sharpening details, and reducing image noise, making them invaluable aids in producing impeccable photographs.

From the emergence of text-based diffusion models that can bring images to life with just a description, to the remarkable capabilities of advanced artificial intelligence (AI) image generators, the boundaries of what we can achieve in photography are expanding like never before.

Just few years ago, a professional photographer would spend more time on the photo editing process than on the photoshoot itself. Hours and hours were spent behind a computer, ensuring that each image reflected the essence of what the photographer intended. The colours, the focus, the details – all these elements took time to perfect.

AI-powered photography editing

  • Africa’s natural gas sector stands poised to prepare the entire continent for eventual decarbonization, as do many of the companies operating here.
  • Energy companies are describing policies that call for pursuing energy transition measures for tomorrow while providing the natural gas to power the world today.
  • Africa continues to hold immense natural gas potential and is positioned to not only increase its outputs but also capitalize on the underserved LNG market and meet Europe’s ongoing demand.

The recently signed liquefied natural gas (LNG) development project in South Africa’s Mpumalanga province is a promising step on the long road to Africa’s just energy transition.

The project, being jointly developed by Kinetic Energy of Australia and the Industrial Corporation of South Africa (IDC), a national development finance institution, will capitalize on Kinetic Energy’s recent 3.1 billion cubic feet natural gas discovery in Amersfoort, Mpumalanga. The project is expected to produce 50 megawatts …

  • The final agreement of the Dubai climate summit mentions for the first time a transition “away from fossil fuels.”
  • This is certainly a step on the right path, but that remains far too insufficient to respond to the urgency and severity of the climate crisis, particularly for vulnerable countries.
  • For millions of Africans, the climate crisis affects every aspect of life, from food and housing to access to clean water and clean energy.

World leaders have finally reached an agreement that the world must abandon fossil fuels to prevent catastrophic climate change, following 30 years of intense and painful negotiations.

This concession was achieved in response to the outcry caused by the previous draft, which did not explicitly acknowledge the necessity of transitioning away from fossil fuels.

Although some hail the Global Stocktake as ‘historic,’ it does not clearly signal an “exit” from oil, gas, and coal, as the …

  • Africa holds more than half of the world’s reserves of cobalt, 46% of its manganese, and 21% of its graphite, all used in EV batteries, and about a quarter of its bauxite, which is required for solar photovoltaic technologies.
  • For decades, Africa has allowed her raw materials, including oil and natural gas, to be exported raw, without a chance to benefit from the finished product.
  • As a result, we’ve missed out on the job creation, industrialization, and economic diversification.

To meet their green agendas, the European Union, US, and China are engaged in the modern-day equivalent of a gold rush. This time, though, fortune seekers aren’t panning for shiny nuggets in Canada, America, or Australia. Instead, all eyes are on the critical minerals of Africa—cobalt, graphite, lithium, and others—raw materials essential to the production of clean technology, including electric vehicles (EV).

To say that Africa is generously endowed in this …

  • African countries have every right to set the timing for their energy transition.
  • Africa still needs time–time that the Western world has already had and, frankly continues to milk–to resolve energy poverty and industrialize.
  • The continent’s oil and gas production, when managed strategically, provides a pathway for economic growth, energy transition and security.

About a year ago, before COP27 began in Egypt, Fiona Harvey and Matthew Taylor wrote in an opinion piece for The Guardian that it was time for gas exploration in Africa to stop.

“Africa must embrace renewable energy, and forgo exploration of its potentially lucrative gas deposits to stave off climate disaster and bring access to clean energy to the hundreds of millions who lack it, leading experts on the continent have said,” they wrote.

This is hardly new. For several years now, wealthy nations and environmental organizations have been strong-arming African countries to leave their petroleum …

  • Asking developing nations to ignore natural gas in the energy transition plan is essentially requesting that they ignore half their power capacity.
  • Currently, far too many people in Africa can’t buy milk from a refrigerated grocery aisle, do schoolwork after sunset, or get an X-ray at their local hospital.
  • Many Western states supplement their grids with wind or solar but ultimately rely on natural gas, oil, or coal.

Western leaders often urge African nations to make a rapid transition from fossil fuels to renewable energy sources. They seem to think that African nations can switch to renewable power sources fairly easily if a good energy infrastructure is already in place.

But this is not the case in Africa, where roughly half of the population lacks access to electricity. Far too many of our people can’t buy milk from a refrigerated grocery aisle, do schoolwork after sunset, or get an X-ray …

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