Wednesday, February 21

Tech & Business

gig-economy
  • According to a report by the Digital Economy Task Force, the gig economy in Kenya will grow by 33 per cent over the next five years.
  • According to a GSMA mobile economy report, by 2025, sub-Saharan Africa is expected to welcome 167 million new mobile subscribers.
  • The Humanity NFT program emerges as a critical player, offering a secure and non-intrusive way for individuals to participate in the Web3 space.

Africa’s gig economy, driven by the digital revolution, is reshaping the labour market, offering new avenues for employment and economic growth.

The World Bank highlights that more than 80 per cent of workers in sub-Saharan Africa are employed in the informal sector, with a significant portion now transitioning to gig work facilitated by digital platforms.

Most recently, across Africa, a groundbreaking initiative is gaining attention for its innovative approach to digital identity and economic empowerment.

The Humanity NFT program, distinct from

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digital agricultural innovation
  • Africa continues to grapple with food insecurity exacerbated by climate change and inadequate access to financing for both startups and food producers alike.
  • In response, innovators and bold entrepreneurs are going digital, devising modern solutions to enhance food production.
  • At the Africa Tech Summit in Nairobi, agri-innovation startups Homemade by Dropp, Koolboks, Samalife, BWS, Hello Tractor, Seabex and ReNile shared their entrepreneurial journey and reasons why they need financing to create value for farmers and consumers.

A number of startups with a focus on digital agricultural innovation in Africa are seeking fresh financing to scale and accelerate their growth across the continent, which is currently under pressure to feed a rising population.

These startups are eyeing opportunities in climate smart agriculture in Africa, the new frontier for business expansion globally.

Currently, agriculture remains the continent’s largest industry and employer. The industry is, however, facing significant challenges across the value chain, …

education systems AI in Africa
  • Artificial Intelligence (AI) plays a crucial role in Africa’s socio-economic and political development.
  • Currently, tech giant Google is funding the deployment of AI in Africa.
  • Google is exploring how AI can address poverty, hunger, and disease in Sub-Saharan Africa.

The Executive Council of the African Union (AU) has resolved that education systems provide the basis for building a strong foundation for Africa’s future, with the power of Artificial Intelligence (AI) taking center stage.

The resolution was reached at the 44th Ordinary Session held in Addis Ababa from Valentine’s Day through to February 15, 2024.

This meeting of Foreign Affairs Ministers of all African countries was conducted under the theme: “Educate an African fit for the 21st Century: Building resilient education systems for increased access to inclusive, lifelong, quality, and relevant learning in Africa.”

It involved the evaluation of performance reports of the various African Union institutions and organizations, and most …

South Africa labour market
  • Artificial Intelligence (AI) is emerging as a key player in transforming South Africa's labour market and empowering its youth population.
  • Initiatives focused on AI education and skill development can equip the youth with the competencies necessary for the evolving job market.
  • This ensures that they are well-prepared for the increasing integration of AI technologies across various industries.

Africa is home to the world's youngest population, but unfortunately, 60 per cent of the continent's unemployed are youth, as highlighted by the United Nations. This trend is mirrored in South Africa, despite the government's efforts, such as allocating R5.2 billion in tax relief in the 2022 National Budget to spur economic recovery and encourage youth employment.

The impact of the COVID-19 pandemic has been acutely felt in South Africa's labour market. According to Labour market dynamics in South Africa 2022 report published by Statistics South Africa, stringent containment measures resulted in a

African startups

Africa has today emerged as a fertile ground for groundbreaking startups. As 2024 approaches, the continent’s startup scene is buzzing with activity, marked by impressive funding rounds and strategic expansions. This trend is a fleeting moment and a testament to African entrepreneurship’s resilient and dynamic spirit.

The Exchange Africa spotlights five startups thriving and redefining the business landscape in their respective sectors. From renewable energy solutions in the Democratic Republic of Congo to digital health platforms in Kenya, these companies embody the ingenuity and potential of Africa’s business ecosystem. They attract significant investment and are poised to substantially impact their communities.…

Digital identity

In the heart of Africa, a digital revolution is underway. As the continent stands on the cusp of an unprecedented digital transformation, a new currency is emerging, not in the form of coins or notes but in the unique digital footprints of its people. Digital identities, once an abstract concept, are now becoming the gold standard for Africans, especially in the professional realm.…

Max it Orange
  • Orange’s Max it is a “super-app” designed to be a portal for mobile services that simplifies the digital experience and eases the achievement of daily activities.
  • The super app is set to debut in five countries Cameroon, Senegal, Mali, Burkina Faso, and Botswana across Africa. By 2025, Orange projects to have 45 million active users.
  • The app brings together account functionalities, Orange Money, and an e-commerce platform offering digital content.

Following the steady uptake of My Orange and Orange Money applications, which are used by more than 22 million customers on a daily basis, French telecommunications giant Orange is introducing its super-app: Max it.

According to the telco, Max it is an innovative application that seamlessly integrates telecommunications, financial services, and e-commerce to address all the daily requirements of its users.

Developed by the Orange teams in Africa with the African customer in mind, Max it, is set to …

the orange economy | Africa's orange economy
  • Creative disruption is predominant in Africa’s orange economy.
  • Emerging technologies solve several challenges, even in areas beyond the orange economy.
  • Carefully mitigating risks and developing an enabling environment will be key to unlocking the potential of Web 3.0 for Africa’s orange economy.

Recent economic challenges have reminded the world and Africa of the need for economic diversification. The orange economy, otherwise known as the creative industry, is one area that has grown significantly over the last couple of years, presenting endless opportunities for Africans considering the region’s youthful population and wealth of cultural assets.

Nevertheless, comparative advantage alone might not be sufficient to capitalise on the orange economy’s emerging trends fully. It is essential to explore another emerging sector, the Web 3.0 economy, and how it can be leveraged to benefit the orange economy.

The orange economy’s susceptibility to disruptive technology

The orange economy covers various activities that can convert …

digital payments | iPay Visa Tap-to-Phone technology

Digital payment platform iPay has joined forces with Visa, a world leader in digital payments, to introduce Visa’s Tap-to-Phone technology to simplify digital payments for merchants and customers.

Dubbed Tap Ulipe, the solution is integrated into a sleek, portable, internet-enabled MobiGo 2 device, comparable in size to modern smartphones. It offers merchants many solutions beyond traditional payments without investing in clunky POS machines. In addition, merchants can also download the Tap to Ulipe app from the Google Play store on their Near-Field-Communication (NFC) enabled smartphones to accept contactless payments.…

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