Opinion

  • 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 …

Read More
  • 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, …

  • Initiated by UNECA, the Trans-African Highway project aims to integrate the continent through an expansive road system.
  • Despite political obstacles, renewed momentum from the African Continental Free Trade Agreement (AfCFTA) is rejuvenating this grand vision.
  • With gradual removal of barriers to internal trade, Africa stands on the brink of a historic opportunity to enhance trade, tourism, and growth.

The Trans-African Highway network, a bold blueprint conceived to foster economic integration on the African continent, has been a captivating vision since its inception in 1971. Initiated by the United Nations Economic Commission for Africa (UNECA), the project aims to integrate the continent through an expansive road network.

Despite political obstacles and inconsistent collaboration between countries, renewed momentum from the African Continental Free Trade Agreement (AfCFTA) is rejuvenating this grand vision. In recent years, the UNECA, the African Union (AU), and the African Development Bank (AfDB) have worked jointly to …

  • For Africa, 2023 looks set to become a year of solid recovery and tourism could play a big role in unlocking Africa’s potential.
  • The roll-out of the African Continental Free Trade Area (AfCFTA) is expected to boost business travel within the continent.
  • Unfortunately, the high costs of flights within and to Africa are posing a significant barrier to unlocking the continent’s tourism and trade potential.

Nairobi — Tourism in Africa has a promising future, and 2023 looks set to become a year of solid recovery. A recent report from the African Travel and Tourism Association (ATTA) shows high levels of optimism among respondents, with 82 per cent positive about the short-term outlook and 90 per cent in the long term. With tourism rebounding sharply after Covid-19 and the African Continental Free Trade Area (AfCFTA) expected to boost business travel within the continent, the optimism might be …

  • The long-term effects of Covid-19 and the climate crisis are felt more acutely in Africa than elsewhere.
  • Africa’s additional financing needs resulting from the pandemic will amount to $285 billion over the four years ending 2025.
  • Sub-Saharan Africa endured a recession in 2020 for the first time in 25 years.

NEW YORK – Africa bears virtually no responsibility for the greenhouse-gas emissions driving the climate crisis. It is not responsible for the conflicts or supply-chain disruptions that have driven global inflation. Nor did it trigger the spread of COVID-19, let alone cause the pandemic’s economic fallout. And yet the long-term effects of this trio of crises linger perhaps more acutely in Africa than elsewhere.

Africa grappling with anemic economic growth

The International Monetary Fund has estimated that Africa’s additional financing needs resulting from the pandemic will amount to $285 billion over the four years ending in 2025. But inflation, exchange-rate …

  • As temperatures keep rising and emissions soar, the planet, too, continues to break (dangerous) new records.
  • Climate change is a shared problem that the global community must solve by working together.
  • With a strong partnership between Africa, Europe, and the rest of the international community, Kenya, can make significant contributions to the global transition to a net-zero economy.

NAIROBI – Last year in Berlin, the great Kenyan long-distance runner Eliud Kipchoge broke the world marathon record, clocking 02:01:09 and beating his previous time by 30 seconds. His success has made him a legend not only in Kenya but globally. It offers a useful lesson for everyone involved in the fight against climate change. Kipchoge’s winning strategy is rooted in the science of running (as well as 120 miles of hard work every week), and our own approach to the climate crisis must involve the same level of commitment and …

 

It all started with a Tweet which called out on Elon Musk to come and invest in Tanzania to which Musk responded that Starlink is soon coming to Tanzania and that they are just waiting for government approvals. The Minister for Information, Communication and Information Technology, Honourable Nape Nnauye, responded to Elon Musk’s twitter stating that the application was already reviewed and that Starlink was to meet some requirements that were outstanding.

Twitter Tanzania went wild! Everyone was scurrying to welcome Elon Musk’s investment in Tanzania and wondering why it was taking so long. The star effect of Elon Musk is undeniable however, regulatory officials need to look past the stardom and look at the merits of the investment.

Starlink is a satellite internet constellation operated by SpaceX providing satellite Internet access to most of the Earth. The constellation consists of about 2000 satellites and the number is growing. …

As the world grapples with the impact of the global recession caused by the Covid 19 pandemic, the impact of the Russia – Ukraine war, the effects of climate change, and other challenges, terrorists and violent extremists, including Da’esh, Al-Qaida, and their affiliates, continue to intensify their activities on the African continent aggravating an already difficult situation.

The response has been, by and large, heavy on the military. Still, countries are increasingly focusing on prevention with a particular focus on addressing the root causes, such as poverty reduction, strengthening institutional capacity to respond to the needs of their populations, and local reconciliation. One issue, in particular, has captured the attention of many experts working to address the root causes of radicalization, which is impunity.  Indeed, the root cause of radicalization, cyclical violence, and the war was a culture of impunity.

Also Read: Peace and Politics: Can Congo achieve economic stability?

Subscribe to Our Newsletter

STAY INFORMED

Unlock Business Wisdom - Join The Exchange Africa's Newsletter for Expert African Business Insights!

Check your inbox or spam folder to confirm your subscription.

Stay ahead of the game with our weekly African business Newsletter
Recieve Expert analysis, commentary and Insights into the enviroment which can help you make informed decisions.

Check your inbox or spam folder to confirm your subscription.

Exit mobile version