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- Cassava Technologies and Zindi strike deal to scale AI innovation in Africa
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- Tech innovation and Ethiopia unit fuel Safaricom revenue to record $3 billion
Tech & Business
- The strategic partnership between Cassava Technologies and Zindi aims to empower local talent to drive AI innovation by leveraging GPU-powered resources to solve Africa’s unique challenges.
- collaboration is poised to see both entities explore opportunities to leverage each other’s platforms, ecosystems, and communities to expand reach, growth and impact.
- Part of the partnership will involve the launch of a dedicated AI challenge aimed at uncovering emerging talent and high-impact innovations.
The pace of AI innovation in Africa has received a timely boost with two companies Cassava Technologies and Zindi, a platform that unites data scientists across the continent, agreeing to partner to accelerate uptake of the new technology.
In a Memorandum of Understanding (MOU), the two firms have agreed to speed up the delivery of GPU-as-a-Service (GPUaaS) and AI-powered applications to address unique challenges in Africa, a move that is poised to significantly improve digital transformation across economies.
The move …
- Safaricom CEO Dr. Peter Ndegwa credits performance to strategic investments in technology, expansion into Ethiopia, and a diversified digital services portfolio.
- Group Earnings Before Interest and Taxes (EBIT) rose sharply by 29.5 per cent to KES104.1 billion.
- Telco to pay shareholders a total of KES48.08 billion in total dividend for the year.
Nairobi-based Safaricom has made regional business history, becoming the first company in East Africa to post over $3 billion in annual revenue. The company’s total earnings rose by 11.2 per cent to KES388.7 billion for the financial year ending March 31, 2025, driven by strategic investments in technology, expansion into Ethiopia, and a diversified digital services portfolio.
The telco giant’s net income surged by 10.8 per cent to KES69.8 billion, marking one of its strongest financial years yet. As a reward to shareholders, the company announced a final dividend of KES0.65 per ordinary share, adding to an interim …
- Collaboration marks a step towards leveraging stablecoins and blockchain infrastructure to boost Onafriq’s payment network.
- Companies say by integrating USDC, they seek to simplify financial transactions for institutions and individuals, reduce costs, and strengthen trust.
- Currently, over 80% of intra-African payments are routed through correspondent banks outside the continent and settled in foreign currencies.
Payments company Onafriq has joined hands with Circle, stablecoin market leader and issuer of USDC, in a deal aimed at transforming cross-border payments and digital financial services across Africa.
In a statement, the two firms noted that their collaboration marks a significant step towards compliantly leveraging stablecoins and blockchain infrastructure to boost Onafriq’s payment network, positioning it at the forefront of the digital payment’s revolution for real-world financial applications.
“Our partnership with Circle is an important milestone, reinforcing Onafriq’s commitment to harnessing technology to remove complexity from cross-border payments. By integrating USDC, we aim to simplify …
- It is challenging to maximise AI’s benefits for children’s education and growth, while also ensuring their privacy, healthy development, and emotional well-being.
- From privacy concerns and the danger of over-trust to the spread of misinformation and possible psychological effects, AI challenges are many.
- Information collected from AI chatbots, when used for malicious purposes, can enable powerful manipulative tactics to spread misinformation, and polarisation.
Across Africa and the world, artificial intelligence is powering one of the most defining revolution in the history of mankind. In just under two years, Generative AI tools such as ChatGPT, Google’s Gemini, and Microsoft’s Copilot are increasingly assuming a central role in the lives of individuals, organisations and governments. AI-powered platforms are rapidly becoming a significant part of our daily lives.
For instance, with tech giants Meta integrating AI chatbots into popular social media communications platforms such as WhatsApp, Facebook, and Instagram, the technology is more …
- Mastercard Gateway is a global payment platform that offers protection from fraud and simplifies payment acceptance.
- The main forces behind this change are the speed, security, and ease of use provided by digital wallets and mobile money.
- Mobile money services like MTN Mobile Money, Airtel Money, and Kenya’s M-Pesa are becoming to become well-known brands.
Mastercard and Amazon Payment Services have entered a multi-year partnership to digitize payment acceptance across key markets in the Middle East and Africa.
The agreement includes Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa, and the UAE.
Through the partnership, Amazon Payment Services will integrate Mastercard Gateway, a streamlined solution for payment processing, across 40 markets in the region.
This integration will allow merchants to provide faster, more secure transactions and various payment options for customers.
The collaboration comes as digital payments continue to rise in the region. Amazon Payment Services merchants, including Amazon …
- Ransomware attacks cost the healthcare sector $2.57M, with only 22% of ransomware victims fully recovered in a week or less.
- Organizations with breached backups were twice as likely to pay the ransom to recover encrypted data.
- Insurance providers play a significant role in these ransom payments, contributing to 77% of cases and covering 19% of the total ransom amounts.
Cyber-attacks targeted towards health organisations have increased by 7 per cent in the past year to hit a four-year high since 2021. New findings titled “The State of Ransomware in Healthcare 2024,” by cybersecurity firm Sophos, reveal that healthcare is reporting a rise while other sectors posted a drop.
Of those organizations surveyed, two-thirds or 67 per cent were impacted by ransomware attacks in the past year, up from 60 per cent in 2023.
The rising rate of ransomware attacks against healthcare institutions contrasts with the declining rate of ransomware attacks …
- The UAE Society of Engineers invites innovators to participate in the third edition of the Excellence and Creative Engineering Award.
- It aims to promote the importance of national engineering work.
- The application period will remain open until November 15, 2024.
UAE Engineering Award is inviting innovators across the Middle East nation to showcase their groundbreaking ideas in the highly anticipated third edition of the competition. In a statement, the organizers said UAE’s Excellence and Creative Engineering Award is a unique opportunity to present outstanding work that reflects their commitment to quality and innovation in this field.
The UAE Society of Engineers emphasizes the importance of active participation in such initiatives, which enhance the status of the engineering sector and contribute to its development on both national and international levels.
The Excellence and Creative Engineering Award is the first of its kind in the UAE. It aims to promote the importance …
- AIM Congress 2025 will explore the latest trends and developments shaping global investment, focusing on addressing current and future challenges.
- Key segments of next year’s edition include FDI, Start-ups, global manufacturing, and digital transformation among others.
- HE Al Zeyoudi: “AIM Congress will provide a crucial platform for the international community to come together, devise innovative investment strategies, and build a framework that ensures sustainable and inclusive growth for all.”
Once again, the City of Abu Dhabi in the UAE is gearing up to host the 14th edition of AIM Congress 2025, with planners of the global showpiece projecting to host over 25,000 participants.
In an announcement Wednesday, the Organising Committee of AIM Congress says the 2025 showcase will take place from April 7-9, under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure”.
Taking place at …
- Tiktok holds talks with content creators in Kenya on monetisation following the breach of a June 2024 offer to start making money via the platform.
- In December 2023, TikTok announced plans to launch a subscription model for content in Kenya in June 2024.
- According to the Reuters Institute Digital News Report 2023 survey, Kenya leads the world in TikTok usage.
Kenyan content creators will wait a bit longer for direct monetisation of their content through TikTok, after the video-sharing platform breached an earlier offer to operationalise income-earning initiatives by June this year. In the latest development, the Chinese company revealed that it has just engaged in talks with Kenyan creators, who have been pushing multinational social media companies to find ways to compensate for the content they publish on the platforms.
Tiktok director of government relations & public policy for Sub-Saharan Africa Fortune Sibanda said that Kenyan creators will in …
