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Tech & Business
- 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 …
- The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market.
- Both entities aim to leverage their respective strengths to advance LB Investment’s initiatives.
- Established in 1996, LB Investment has consistently been recognized as one of Korea’s premier fund managers.
AIM Global Foundation, an independent international organization dedicated to empowering investments across the world, and Korea-based LB Investment, which has $1 billion Assets Under Management (AUM), have announced the set-up of a Joint Venture, along with a landmark Memorandum of Understanding (MOU) at the ongoing AIM Congress 2024 in Abu Dhabi.
The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market.
The MOU marks a critical moment in global investment cooperation. Both entities aim to leverage their respective strengths to advance LB Investment’s initiatives through the platform …
- Chidi hopes that activism will eventually see European museums return all stolen artwork to Africa. However, he dreams of building a metaverse that comprises all the pieces Looty reclaims
- The Looty project started operation in November 2021 but will officially launch its website on May 13. The upcoming website will only support the purchase of NFT art via cryptocurrency
- Aside from Chidi, the project also involves two other Nigerians and a Somali, with each team member specializing in 3D design, NFT technology, or editing
- The project has already created 25 NFTs, among them the famous “Benin Bronzes” in Nigeria that were looted 125 years ago
During the pre-colonial error in Africa, a wide range of valuable artefacts were taken away to the western countries. About 60 years later, Africans feel the need to get the artworks back to preserve their history. However, one Nigerian art firm called Looty has come …
Due to the pandemic, the topic of innovation in education has never been more crucial.
While most developed countries moved their classes online with ease, many developing countries have had a hard time adapting to the home-school model due to a lack of infrastructure and the high cost of data.
According to the United Nations Educational, Scientific and Cultural Organization (UNESCO), 91.3% of the world’s learning population was impacted by global shutdowns brought about by the pandemic.
This means that about 1.5 billion students were not in school, a situation that largely impacted developing nations, a lot of which are in Africa. …
In the East African powerhouse, agriculture insurance startup Pula Advisors was featured on the list for its innovation and impact in using technology to provide agriculture insurance to millions of smallholder farmers in emerging markets.
The firm which was founded in 2014 has used technology products through agriculture insurance and digital agronomy to advise and ensure many farmers adapt to an increasingly unpredictable climate.
“Farmers in emerging markets are the most hardworking citizens of the world yet the most likely to already feel the impact of climate change. The future is in farmers’ hands; they only need the appropriate technology and tools and then they can feed the world,” The firm’s CEO Thomas Njeru said.…
The additional Gbps will be part of the highly anticipated global submarine cable. It is aimed at increasing the availability of high-performance and reliable internet connectivity access across the continent leveraging Liquid’s 100,000km of terrestrial fibre across 12 countries.
While acting as a new global internet route between Asia, Europe and the USA, the additional capacity will help increase the proliferation of faster and more affordable internet, Cloud and cyber security services to the African people and businesses.
“We are delighted to provide new subsea capacity between Mombasa, Karachi and Marseille, with extensions planned towards Singapore and Asia. This creates a cost-effective, low-latency and diverse route that our customers can leverage to serve their business-critical connectivity needs. The submarine cable will be ready in 2022,” Liquid Dataport (a division of Liquid Intelligent Technologies) CEO David Eurin said. …
The continent’s digital revolution can largely be driven by building the necessary skills for the short- and long-term future, and this starts in the classroom.
The recent technological influx across Africa, largely boosted by the adoption of mobile phone use, needs to be capitalized upon by the education sector.
This can be achieved through reimagining the education landscape by addressing the challenge of exclusion through increased investment, to achieve quality education in science and technology for all.…
With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions, the FX market has become accessible to the majority of Africans.
The availability of mobile money payment solutions has seen an increase in the creation of fintech startups created solely to cater to Africans interested in trying their hand at trading in both local and international FX markets.
Firms including Exness, XM.com, Avatrade, CM Trading, Tickmill and Chipper Cash among others all reported a significant growth in trading in 2020. A testament to the growing trading culture driven by fintech across the continent.…
