Wednesday, April 24

Tech & Business

Dawood Al Shezawi
  • 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 …

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Investment Showcase
  • 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 …

State of Journalism Survey 2024
  • 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 …

Kenyan insurtech firm Turaco secures US$10M Series A round fundraise www.theexchange.africa

The startup, which now has a presence in Nigeria, and Uganda, has entered its expansion phase and is looking for new partnerships to push mass consumer insurance adoption in Africa.

The tech insurance platform has developed to become a dominant player at the forefront of new insurance solutions since its inception. Turaco products cost US$2 per month, with simple terms and conditions and a fully digital claims system that enables claimants to file through phone calls or WhatsApp, with payments made in less than three days using mobile money.

“In the next 25 years, we want to cover a billion people, and that’s what we’re working toward.” It’s a lofty aim in every aspect, and I’m not sure how to get there, but I have a clear vision of covering 100 million people.

To reach the next level of development, you must collaborate with some of the world’s most recognisable …

Safaricom and NCPWD partner to connect persons with disabilities with jobs.
  • Persons with Disabilities in Kenya will get connected to jobs more easily following a partnership between Safaricom and the National Council of Persons with Disabilities (NCPWD)
  • Safaricom and NCPWD will connect persons with disabilities with job opportunities through Fuzu, an online recruitment portal
  • Fuzu, which has been active since November 2020, currently has over 360 employers and over 5,000 job candidates

Kenya’s leading telecommunications company, Safaricom, has partnered with the National Council of Persons with Disabilities (NCPWD) to connect persons with disabilities with job opportunities through an online portal.

In a statement seen by The Exchange Africa, the company said the portal, powered by IT service provider Fuzu, is a first in Africa and seeks to help employers easily identify and recruit Persons with Disabilities into their firms.

Fuzu, which has been active since November 2020, currently has over 360 employers and over 5,000 job candidates.

Safaricom said it has …

Google Unveils US$3.980 million (Sh479mn) Fund To Support Tech Startups Export Their Technologies www.theexchange.africa

The grant recipients in this year’s cohort, 50% of whom are women-owned enterprises, are from Kenya, Botswana, Ethiopia, Cameroon, Ghana, Rwanda, Nigeria, and South Africa. Senegal, and Uganda.

They specialise in sectors such as fintech, healthcare, e-commerce, logistics, agtech, education, hospitality and smart cities.

Although there are many opportunities in the vast continent of Africa, there is a lack of variety in the flow of venture capital funding.

“We expect that Black Founders Fund Program would be capable of bridging the gap of disproportionate funding between ex-pat businesses over local and black-led enterprises”, Folarin Aiyegbusi, Head of Startup Ecosystem Sub-Saharan Africa (SSA), stated.…

AWS opens new offices in Johannesburg, South Africa. www.theexchange.africa

In 2020, Amazon launched the Africa (Cape Town) Region, the first AWS Infrastructure Region in South Africa. However, plans for the construction of a new Cape Town-based Amazon Africa headquarters were blocked earlier this year by the Cape Town High Court as Amazon had allegedly not gone through the proper process to acquire the land.

Meanwhile, retailer Pick n Pay migrated its entire on-premise information technology infrastructure to Amazon Web Services (AWS).

In a statement, AWS says Pick n Pay worked with Lemongrass Consulting, an AWS Premier consulting partner with migration and SAP Consulting Competencies, to migrate its on-premises SAP environment to AWS and implement a modern SAP HANA platform.

According to the US-based cloud computing giant, moving to the cloud will enable Pick n Pay to streamline its operations and modernize the supply chain network for its stores, develop new digital customer experiences in omnichannel grocery, and expand into …

Online shopper. There are risks associated with online buying and selling which one needs to be careful about.

Today, being an online trader or digital shopper only requires one to have a smartphone, internet connection, a convenient social media platform and some products to sell or to buy.

One of the major hindrances to e-commerce across the world is inadequate online payment systems. In Kenya, however, mobile payment platforms have placed the East African nation at the top of other global economies. For this and many other reasons, Kenya is ranked third in Africa after Nigeria and South Africa, in terms of online shopping volumes, according to an article published in the Daily Nation last year.

All said and done, while you enjoy the convenience of online shopping, doing so comes with risks that can frustrate the modern way of shopping, leaving consumers and dealers vulnerable to the antics of online criminals.…

Meta launches ‘Creators of Tomorrow’ campaign celebrating emerging talents from across Sub-Saharan Africa www.theexchange.africa
  • The chosen Creators of Tomorrow are making waves in their online communities and demonstrating a best-in-class approach to video formats, technology, and interactive entertainment.
  • Over the next year, Meta will work closely with these creators to help them increase their audiences and turn their interests into careers using Meta technologies.
  • Meta will organise unique events across the region to honour the Creators of Tomorrow, presenting the most recent news, insights, tools, and resources from Meta technologies

 

Meta has announced the start of ‘Creators of Tomorrow,’ a new initiative that recognises young talents from across the world who are driving a new wave of creative material on the internet.

The campaign highlights Sub-Saharan African innovators from East Africa, Southern Africa, and Francophone Africa.

The chosen Creators of Tomorrow are making waves in their online communities and demonstrating a best-in-class approach to video formats, technology, and interactive entertainment.

The global campaign …

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