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- New $900,000 initiative aims to boost sustainable trade in Tanzania
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- AIM Global Foundation pushes for stronger Gulf-Africa trade partnerships
- Investment opportunities in South Sudan’s emerging gold industry
- Family planning drive in Kenya gets 450,000 self-injectable contraceptive doses from UK
- AfDB commits $2 billion to revolutionise clean cooking in Africa, save forests
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- Kenyan home buyers shift preferences, seek affordable housing despite market downturn
Tech & Business
- With Yeeo—a web app—individuals have the privilege of saving their time and cost of printing cards, which often end up being dumped and ensure their money is invested elsewhere.
- Yeeo’s business strategy brings together environmental conservation and this vision to help enterprises save billions spent on card printing.
- Dubai-based Yeeo has already secured intellectual property rights in 179 countries around the world.
As I navigated through the bustling crowd of delegates from around the world at the Startups Showcase during the AIM Congress 2024, I felt a gentle tug on my jacket. It was Abdullah AlShetiwi, a determined look in his eyes and a welcoming smile on his face.
As I reached out to offer my business card to Abdullah, he intercepted with a gesture, saving me the customary exchange. Instead, he swiftly pulled out his phone, suggesting we swap contacts via a QR Code. With a quick scan …
- Four innovators from Kenya, Côte d’Ivoire, and Uganda, selected from a shortlist of 16, vie for the £50,000 (over $62,000) Africa Prize.
- Their innovations encompass recycling in construction, AI tools for healthcare and farming, and reengineered waste collection, addressing crucial societal needs.
- The three runners-up will each receive £15,000 (over $18,000), while a £5,000 (over $6,000) prize titled ‘One to Watch’ will be awarded to the most promising business among the shortlist.
- Since 2014, the Africa Prize has empowered nearly 150 entrepreneurs across 23 African countries, creating over 28,000 jobs and positively impacting more than 10 million people with their innovative products and services.
The Royal Academy of Engineering is set to host the final showdown of the 10th Africa Prize for Engineering Innovation, the continent’s premier engineering accolade, on June 13, 2024, in Nairobi, Kenya. Out of an initial pool of 16 visionary innovators crafting sustainable, scalable engineering solutions …
- Russian Investment Forum at AIM Congress 2024 highlighted Russia’s robust economic standing.
- Various Russian regions showcased unique investment opportunities, from the Far East’s oil and gas sector to Tatarstan’s diverse industries.
- Discussions also revolved around innovation and technology, with an emphasis on Abu Dhabi’s potential as a global technology hub.
Amidst the grandeur of the Abu Dhabi National Exhibition Centre (ADNEC), the Russian Investment Forum emerged as a unique centre of opportunities during the 2024 AIM Congress.
Under the International Partners’ Track, this forum brought together luminaries from Russia’s business landscape to showcase the nation’s unique investment propositions and affirm Abu Dhabi’s suitability as a global technology hub.
Spearheading the discussions was Sergey Katyrin, President of the Chamber of Commerce and Industry of the Russian Federation. Katyrin painted a picture of Russia’s robust economic stature, ranking first in Europe and fifth globally in terms of GDP.
He cited Russia’s …
- Elon Musk, Tesla, and SpaceX command a cult following from legions of fans worldwide.
- Musk’s fortune tumbled by a staggering 60% in 2022 according to reports by Forbes and Guinness.
- Forbes magazine broke the news that Musk, the Tesla boss was no long the wealthiest person on the planet. He lost this position to Bernard Arnault of LVHM.
The billionaire’s interest in electric car maker lost more than half of its value in 2022 as shares in Tesla lost over 60% according to a report by Forbes which was quickly adopted by Guinness. Amazingly, despite the substantial loss of value of Musk’s Tesla shares he is still the second wealthiest person on the planet.
This is likely attributable to the high valuation that the market still attaches to the electric car manufacturer’s shares. Shares of the EV company began to tumble when investor’s lost confidence in the billionaire’s ability to …
- German-based biotech company BioNTech is set to acquire InstaDeep, founded by a Tunisian-born and U.K.-based artificial intelligence (AI) startup, for up to £562 million (US$680 million) in its largest deal yet.
- The Tunis and London-based enterprise AI startup uses advanced machine learning techniques to bring AI to applications within an enterprise environment.
- The startup has offices in Paris, Tunis, Lagos, Dubai and Cape Town.
German pharmaceutical giant BioNTech announced it is acquiring Tunisian artificial intelligence start-up InstaDeep, in what is being hailed as a massive win for Africa’s tech ecosystem. The agreement is reportedly worth an estimated £582 million (US $682 million)
The two companies collaborated in 2020 to rapidly set up an intelligent system to detect Covid-19 variants, and this deal would accelerate BioNTech’s goal of harnessing the power of machine learning to improve the drug discovery process.
This acquisition is as a result of this long-term partnership that …
What if you could pay just a fraction of the cost of legal representation and you could get a lawyer who is not just experienced but also incredibly entertaining? And what if you could get this lawyer who is also a robot with a personality that is just as sharp as the best lawyer around?
Robots are becoming more and more a part of our daily lives. From household appliances and security systems to self-driving cars and personal assistants, robots are making our lives easier. In the future, robots could be more common than humans–and even lawyers. In a ‘historic’ first, an AI-powered ‘robot lawyer’ will defend a human in US court.
What is a robot lawyer?
A robot lawyer is a computer program that can provide legal advice and automate many of the tasks associated with the practice of law. Robot lawyers use artificial intelligence (AI) and natural language …
- The Kenyan Startup ecosystem has employed 11,000 people according to the latest analysis by Disrupt Africa.
- The Kenyan Startup Ecosystem 2022 report indicates that at least 308 tech startups were in operation across Kenya as of November 2022.
- At least 242 Kenyan tech startups raised a combined US$1,281,918,200 between January 2015 and November 2022.
A new report by Disrupt Africa has revealed that jobs by Kenyan startups hit 11,000 in 2022.
The data dubbed ‘Kenyan Startup Ecosystem 2022’ indicates the jobs were created by 308 tech startups across Kenya as of November 2022.
According to the report, these startups are also supported by a strong investment ecosystem. At least 242 Kenyan tech startups raised a combined US$1,281,918,200 between January 2015 and November 2022, a figure bettered only by Nigeria.
By mid-November, 63 Kenyan startups had raised funding in 2022, with the country’s running total for the year standing at US$506,686,000. …
- Digital technologies have enabled farmers to obtain crucial information on soil quality for nutrient levels, water levels, pests, and disease spread, captured from various sensors, satellites, and drones.
- One key area where technology can play a role in driving smart agriculture in Africa is through the use of chatbots.
- Chatbots have the potential to drive smart agriculture in Africa by improving crop yields, reducing costs, and increasing sustainability.
In Africa, where agriculture is a major contributor to the economy and a primary source of livelihood for many communities, the implementation of smart agriculture systems has a significant impact on food security and economic development. Smart agriculture refers to the use of advanced technology and data analysis to improve crop yields, reduce costs, and increase sustainability in the farming industry.
One key area where technology plays a role in driving smart agriculture in Africa is through the use of chatbots.
The …
In full throttle the world is diving deeper into the Fourth Industrial Revolution (4IR). Resultantly, among the new wave of technologies marking this new era is the adoption of digital currencies such as a CBDC. This relatively nascent era of economic disruption has birthed a need for digital currencies and we might very well be in the twilight years of using the traditional fiat currency. In his book, “The Future of Money: How the Digital Revolution is Transforming Currencies and Finance” economist Eswar Prasad, predicts that the era of cash is drawing to an end and that of central bank digital currencies and other forms of digital cash has begun. Indeed the future of money is evolving and already several countries across the globe are particularly piloting the Central Bank Digital Currencies (CBDCs).
In Africa, albeit slow, the concept of CBDC’s adoption is gaining momentum with several nations in the …
