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 …

DRC's cobalt | US | Democratic Republic of Congo
  • The strategic manoeuvrings of the United States in the DRC’s cobalt mines serve as an international yardstick for how well it can balance economic aspirations with ethical imperatives.
  • The DRC has become embroiled in a complicated geopolitical chess game, and it is no longer merely a national asset but a worldwide commodity.
  • The strategic importance of cobalt from the Congo to the United States exemplifies the necessity for a multifaceted solution that upholds human dignity in the workplace, safeguards natural resources, and encourages economic resilience.

Conspicuously rising to critical importance on a global scale, cobalt has been overshadowed by the world’s precious metals. Although it is sometimes overlooked in resource talks in favour of its more glamorous cousins, gold and oil, this silvery-blue element—a byproduct of copper and nickel mining—is an essential component of modern technology.

Nevertheless, it is a mineral of the future because it powers electronic devices such …

Soonami venturethon
  • Soonami will hold its second Venturethon between November 27th and December 3rd, 2023.
  • The Venturethon will provide up to $125000 for teams with ideas and projects that match the investment criteria of Soonami.
  • Soonami also significantly shaped the trajectory of AuditOne, a Web3 security platform.

Africa today is under its greatest revolution, the transition from centralization to decentralization. The concept of web3 is among the primary technologies ushering in the fourth industrial revolution. Since 2009, the web3 industry has accomplished several feats. Among its numerous achievement three stand out: digital ownership from NFTs, digital currency derived from cryptocurrency, and decentralized applications. 

Entrepreneurs, innovators, and developers have managed to apply blockchain technology to several sectors like Agriculture, insurance, and real estate, ushering in a wave of decentralized applications in 2023. This new wave caught the eye of Soonami, a blockchain-based VC firm dedicated to bolstering the global adoption of web3. 

In

Artificial intelligence (AI) in Africa
  • Artificial Intelligence (AI) offers new job opportunities for tech-savvy African graduates.
  • African policymakers must, however, protect current employees from job losses in the new AI era.
  • Gen AI has the potential to offer solutions for Africa’s medical, nutrition, and financial difficulties.

Artificial intelligence (AI) is the new frontier, offering numerous possibilities for efficient productivity. However, what does it mean for Africa’s job sector?

AI means new job opportunities for tech experts. Yet, it also means lost jobs for less tech-savvy staff. For example, Generative Artificial Intelligence (Gen AI) can generate text, images, or other media using generative models. This implies that graphic designers, copywriters, artists, personal assistants, and others are no longer needed.

“Gen AI is being embedded in everyday tools like email, word processing applications, and meeting software, which means the technology is already positioned to radically transform how people work,” writes Sandra Durth, a researcher with consulting firm, …

Safaricom M-PESA
  • Telco giant Safaricom has reported a 2.1% increase in net profit, reaching $225 million (KES34.2 billion) for the six months ending on September 30.
  • Company CEO says there was heightened pressure on consumers’ finances due to both global influences and domestic inflation. 
  • Money transfer service M-PESA was the firm’s biggest source of revenue at 42% in the period.

Kenya’s telecommunications giant, Safaricom, has reported a 2.1 percent increase in net profit, reaching $225 million (KES34.2 billion) for the six months ending on September 30. During this period, earnings from the cash transfer service, M-PESA, which constitutes approximately 42 per cent of the total service revenue, saw a 16 per cent surge compared to the same period in the previous year.

Safaricom CEO, Peter Ndegwa, pointed out that during the six months, there was heightened pressure on consumers’ finances due to both international influences and domestic factors such as inflation. Furthermore, …

Cyber Security Hakathon
  • Three Kenyan startups have been selected for an incubation programme after winning the Cyber Security Hackathon at the just concluded Blue Economy Innovation and Investment Summit. 
  • The three startups, which are based in Mombasa include Bio Secure, Tide Safetynet and Seatrust Navigator. 
  • Sote Hub Founder David Ogiga says the three startups will receive six months technical and financial support to bring their ideas to life. 

Three Kenyan startups have been selected for an incubation program after winning the Cyber Security Hackathon at the recently concluded Blue Economy Innovation and Investment Summit. The startups, based in Mombasa, include Bio Secure, Tide Safetynet, and Seatrust Navigator. Sote Hub Founder David Ogiga stated that these three startups would receive six months of technical and financial support to bring their ideas to life.

“Our focus for this year’s hackathon at the conference was circular economy, cyber security, blue economy, climate change, and the digital …

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