Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Wednesday, August 10, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
World AI Show is a thought-leadership-driven, business-focused, global series of events taking place in strategic locations across the world. - The Exchange

First World AI show in Africa kicks off in Nairobi

by Kimani Chege
March 21, 2019
in Kenya, Tech & Business
0
Share on FacebookShare on LinkedIn

World AI Show is a thought-leadership-driven, business-focused, global series of events taking place in strategic locations across the world.

Artificial intelligence has for a long time sounded an abstract theory for most people in Africa but an event been held in Nairobi is helping clear the air on how the continent is already exploring the us of AI in insurance, banking, transport and other areas for service delivery.

The World AI show organised by Trescon Global aims to bring together experts and policy makers on how the continent can leverage the technology which is still being developed globally.

World AI Show is a thought-leadership-driven, business-focused, global series of events taking place in strategic locations across the world. The show is part of a world tour that is taking place in Nairobi, Dubai, Singapore, Mauritius, Riyadh and Mumbai this year.

It connects top AI experts, enterprises, government representatives, data scientists, technology leaders, startups, investors, researchers, academicians, and global AI innovators – all under one roof.

Kenya has become one of the leading players in Eastern Africa, in terms of adopting emerging technologies like AI and Blockchain. According to a recent research by the PricewaterhouseCoopers, it is reported that by the end of 2030, the AI market will contribute 15.7 trillion USD to the world’s GDP, out of which 1.2 trillion USD will be from African countries.

Kenya has already started its journey to the world of emerging technologies like Blockchain and Artificial Intelligence and is becoming a gateway for technologies to enter the Eastern African countries. Recently, the Kenyan Government has appointed an 11 member Distributed Ledger and Artificial Intelligence Taskforce to enforce the President, Uhuru Kenyatta’s ‘Big Four’ strategies for 2022.

World AI Show set to disrupt the African market this year with Nairobi event

Eastern African countries had shown tremendous improvements in their economy during the last few years. The Fourth Industrial Revolution, which will be driven by the emerging technologies are going to be in favour of Africa.

Kenya as a nation has the potential to provide the basic infrastructure facilities for emerging technologies compared to other East African countries. They have started building a team to transform the nation to become the AI hub for East Africa and even for the whole African continent. Unlike the other countries in Africa, Kenya was enormously benefited from the Third Industrial Revolution in terms of advanced Information and Communication facilities.

Stanley Chege, the Chief Information officer of Madison Insurance Company based in Kenya notes that the company is already exploring the use of AI for developing solutions that are easing premium payments and claims reimbursements as well as detecting fraud and money laundering.

Billy Odera, a data scientist from the Commercial Bank of Africa notes that for AI to work well in Kenya, there is need to relook issues of data privacy such that there is no need to share coustomers information with a third party without their consent.

“I believe we need to guard the information we have because it has gotten to a point where some fintechs in Kenya are going beyond coustomers private information and sharing the data with a third party which is unethical,” he notes.

Key among the speakers include Dr Bitange Ndemo, the chair of Kenya’s AI and Blockchain Task Force, Information and Communication Cabinet Secretary Joe Mucheru and Member of Distributed Ledgers and AI TaskForce Michael Onyango.

Dr Bitange Ndemo said time is ripe for Kenya to start reaping the benefits of a couple of years of experiemnting the use of AI for public service. He gave an example of the use of Huduma number which the government is rolling out to all its citizens in order to access key government services.

“Huduma Namba is using blockchain and this will eliminate cheating and corruption in government housing allocation scheme, medical insurance  in hospitals, cheaper credit with better scoring system and eliminate election fraud.”

Jerome Ochieng, Principal Secretary, Ministry of Information, Communication and Technology and Innovation, Government of Kenya spoke on ‘Kenya’s vision to become a tech hub and its AI roadmap’.

Read also: Kenya at the center of global cryptocurrency talk as Blockchain summit opens

Tags: Artificial intelligenceBitange NdemoBlockchainKenyaWorld AI Show

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Kimani Chege

Related Posts

Ope Babalola. He is the Managing Director of Webb Fontaine. www.theexchange.africa
Tech & Business

Digital trade key to unlocking Africa’s economic potential

August 8, 2022
Lami Technologies,US$3.7m seed round to expand its insurance product offerings www.theexchange.africa
Tech & Business

Lami Technologies’ US$3.7M seed funding for Africa expansion

August 5, 2022
Tech & Business

Kenya, Ghana global leaders in mobile money

August 5, 2022
Next Post
Rice - The Exchange www.exchange.co.tz

Nigeria eclipses Egypt as Africa's largest rice producer

KCB Bank Kenya Limited has signed a deal with Morocco’s giant lender Attijariwafa Bank Group to drive cross-border trade and deepen financial inclusion. The agreement inked in Casablanca is expected to help promote the sharing of best practices in the banking, financial and business in East and North Africa. With this agreement, KCB Bank and Attijariwafa bank group aims to give a new impetus to South-South cooperation and renew their contribution to Africa’s economic integration.

KCB taps Morocco’s Attijariwafa Bank in trade, banking deal

More than 80 per cent of family businesses in Kenya have expressed confidence in the country’s economy, a survey by professional services firm PricewaterhouseCoopers (PwC) has revealed, despite a number of challenges among them corruption affecting investments. Family business owners have identified corruption as the biggest challenge affecting investments followed by access to the right skills and capabilities, high prices of energy and raw materials.

What is threatening most family businesses in Kenya




This months edition

Features

The leaders of the BRICS nations meet at the group’s summit in Osaka in June 2019. Concerns are India might pull out of the group over tensions with China. (Photo/ Reuters)
Countries

What does Russia’s invasion of Ukraine mean for Southern Africa?

by Albert Nangara
August 3, 2022
0

When the United Nations General Assembly voted overwhelmingly on March 2 to condemn Russia’s invasion of Ukraine, African countries accounted...

Read more
Logistics and transport startups will play a major role in enabling Africa’s largest free-trade area (Photo/ Quartz Africa)
Industry and Trade

Trends shaping the future of logistics in African markets

by Albert Nangara
August 3, 2022
0

Digitization of logistics and compliance with sustainability policies will shape the future of logistics in African markets. Digitalization involves the...

Read more
Biometric systems are expected to lead the market for airport security systems in growth over the next five years, as the market increases at an 8 per cent CAGR through 2024 (Photo/ Biometric Updates).
Tech & Business

Machine learning, Artificial Intelligence changing Africa’s Airports

by Albert Nangara
August 2, 2022
0

According to Frontiers, AI has been recognized to have a wide potential to reduce human workload or increase human capabilities...

Read more
www.theexchange.africa/
Investing

ESG global mining and the social license

by Laurence Sithole
August 2, 2022
0

In terms of achieving net zero carbon emissions, the largest mining companies in the world have several options – each...

Read more
Some of the group members learning the components of the new briquette making machine. The machine can produce 500 briquettes per day. www.theexchange.africa
Investing

Reusable, organic charcoal: Answer to Africa’s cooking fuel challenges

by Njenga Hakeenah
August 2, 2022
0

United for Green is working to ensure that Africans do not get to these extremes. By empowering women, the plan...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In