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Tech & Business
- AIM Congress 2024 aims to facilitate economic opportunities and foster mutually beneficial international economic relations.
- The congress provides a platform to engage with global leaders, explore investment trends, and forge meaningful B2B and B2C partnerships.
- The Future Finance Forum Track at AIM Congress 2024 will explore the use of cutting-edge technologies such as blockchain, AI, fintechs, and digital currencies.
The AIM Congress, under the leadership of Dawood Al Shezawi, President of AIM Global Foundation, stands poised to host an unprecedented global gathering from May 7th to 9th. This event promises to assemble an extraordinary array of leaders, including over 25 government ministers, 45 city mayors, and 12 central bank governors, reflecting its vast international appeal and strategic importance.
With more than 900 speakers and 450 dialogue sessions scheduled, the congress aims to foster comprehensive dialogue and networking among the most influential figures across various sectors worldwide.
The sheer scale and …
- Ventures interested in applying for the Investment Showcase can submit applications here by 2nd May.
- To qualify, the ventures must be African, have at least one African co-founder or be headquartered in Africa.
- They must also offer a product or service designed for scalability, and be able to present in person at the Africa Tech Summit (ATS) London.
On June 7th, 2024, the Africa Tech Summit (ATS) London will convene at the London Stock Exchange for its eighth edition, continuing its tradition of fostering business and investment opportunities in Africa and around the world.
This tech conference, known for its dynamic engagement and insight into the African continent’s tech industry, is poised to attract over 300 African and international tech leaders, policymakers, investors, entrepreneurs, and corporates.
The summit’s key event, the Investments Showcase, is inviting African tech ventures to present their business models to a curated audience of potential investors …
- Survey shows 60% of journalists interviewed indicate that their newsroom lacks an AI use case policy.
- However, 20% of journalists revealed that they are planning to explore AI’s potential applications.
- State of Journalism Survey 2024 interviewed 1,106 respondents across the world.
Media houses are still lagging behind in the push for AI adoption in their line of work with a majority failing to institute AI policies in newsrooms. This is according to a recent survey conducted by Muck Rack delving into the current landscape of journalism, revealing notable trends and concerns among journalists across the industry.
From the findings, 60 per cent of the surveyed journalists indicated that their newsroom lacks an AI use case policy, while only 24 per cent reported having one in place.
This raises questions about whether the absence of policies hinders journalists from exploring AI tools or if other factors, such as a lack of …
- In a significant escalation of tensions between Nigeria and the global cryptocurrency market, the African nation has detained two senior Binance executives.
- Anjarwalla and Gambaryan were detained in Abuja, Nigeria’s capital, under circumstances highlighting the country’s aggressive stance towards cryptocurrency exchanges.
- In recent years, Nigeria has faced significant economic challenges, with the devaluation of the naira emerging as a central issue.
Anjarwalla and Gambaryan detained
In a significant escalation of tensions between Nigeria and the global cryptocurrency market, the African nation has detained two senior Binance executives, the world’s leading cryptocurrency exchange.
Nadeem Anjarwalla, a UK citizen living in Kenya and serving as Binance’s Regional Manager for Africa, and Tigran Gambaryan, the Global Head of Intelligence and Investigations at Binance and a former US Internal Revenue Service special agent, find themselves at the heart of a diplomatic and financial controversy.
Now extending into its third week, the detention stems from …
- New regulations for crypto firms in Kenya will force players give evidence of sufficient working capital to continue business.
- Crypto firms will required to maintain core capital of not less than 12% of the total fiat value of the virtual assets held or proposed to be held in the custody of the platform.
- The Virtual Asset Service Provider (VASP) Bill also proposes that businesses dealing in digital assets in the country be allowed to operate as commercial entities.
Players in the digital assets and crypto currency space are now pushing for new regulations for crypto firms that will govern how new players join Kenyan market.
The digital asset industry lobby group, the Blockchain Association of Kenya (BAK), is among others, proposing the formation of a new regulatory sandbox that will test and regulate companies in the industry before their licensing.
Additionally, the Virtual Asset Service Provider (VASP) Bill, …
- Gebeya and Microsoft aim to bridge the gap between Africa’s burgeoning tech-savvy youth and the global digital economy.
- The pair is building a thriving digital workforce in Africa, capable of leading the next wave of global innovation.
- With over 10,000 developers already registered since its announcement, the initiative is rapidly gaining momentum across economies in Africa.
In an initiative that is poised to redefine Africa’s digital path, Gebeya Inc., in partnership with Microsoft, has launched the Microsoft Talent Cloud ecosystem, targeting the empowerment of 300,000 African tech talents by 2027.
This pioneering platform, which is powered by Gebeya’s Talent Cloud technology, aims to bridge the gap between Africa’s burgeoning tech-savvy youth and the global digital economy.
Through a training program in Microsoft-focused cloud and AI skills, the undertaking offers African tech professionals access to learning resources, job opportunities, and a network spanning over 30,000 Microsoft partners and customers.
Tech leap:
…
- Gen AI can improve efficiency and effectiveness in various financial sector applications.
- In the next three to five years, gen AI has the potential to revolutionize banks.
- AI can even plan overall strategy and banks to adopt or be left behind.
Generative AI is the new frontier for scientific developments and the financial sector should not be left behind. Artificial Intelligence (AI) is now used by financial institutions to model analytics, automate manual tasks, and synthesize unstructured content, sector experts say.
“In the next three to five years, Gen AI has the potential to revolutionize banks…changing entire risk and compliance functions,” notes Rahul Agarwal, Andreas Kremer, Ida Kristensen, and Angela Luge in an article published by advisory firm McKinsey and Company.
In their paper, How Generative AI Can Help Banks Manage Risk and Compliance, the researchers and financial experts describe how Gen AI can improve efficiency and effectiveness …
- Customers of Liquid C2 can expect heightened security measures, access to advanced cloud technologies, and a commitment to securing their digital assets.
- Businesses are increasingly turning to Gen AI to drive operational efficiencies, says Thomas Kurian, CEO, Google Cloud.
- This alliance builds on a November 2023 agreement where Liquid C2 and Google Cloud agreed to bolster cybersecurity and cloud services in Africa.
In a deal that is poised to transform the digital economy of Africa, tech company Liquid C2 has struck a deal with global technology giant Google Cloud and artificial intelligence (AI) powerhouse Anthropic.
This strategic partnership is set to deliver a suite of advanced cloud, cybersecurity solutions, and cutting-edge generative AI (Gen AI) capabilities to African businesses, heralding a new era of digital innovation and security across economies.
Liquid C2, a pan-African technology group, is at the forefront of this initiative, promising its customers enhanced security measures, …
- Smart Africa Digital Academy (SADA) seeks to bridge the digital skills gap in African countries, enhancing employability and meeting the evolving talent requirements of Africans.
- Since its inception, SADA has provided training to over 7,000 beneficiaries across 35 African countries, covering a wide range of digital transformation topics.
- Smart Africa’s goal is to transition the continent into a knowledge economy by ensuring affordable access to broadband and promoting the use of ICTs.
The World Bank is partnering with Smart Africa to accelerate the expansion of the Smart Africa Digital Academy (SADA) from a national to a regional focus as part of the Western Africa Regional Digital Integration Program (WARDIP). This partnership aims to advance regional integration of digital markets through a $20 million grant for 5 years.
The focus of this partnership is to expand the existing national-level SADA initiative to a regional level as part of WARDIP. This expansion …
