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- AI in agriculture is being used to drive the sourcing of real-time data, perform predictive analysis, and run algorithms that optimize farming practices.
- In South Africa, Kenya, and Zimbabwe, ITIKI, an innovative project is tapping indigenous environmental knowledge among African communities, integrating it with AI to predict droughts with better precision.
- GSMA: AI in agriculture is poised to enable the deployment of innovative digital financial solutions such as credit and insurance products for millions of farmers.
In Africa, a continent of over 1.2 billion people, agriculture remains the primary economic activity, accounting for 17 percent of the GDP on average while offering jobs to nearly 60 percent of the population.
The bulk of the food produced in Africa or about 80 percent is, however, attributable to the effort of smallholder farms, where women provide much of the workforce. Unfortunately, these smallholder farmers continue to face multiple …
- Market size of Africa’s digital economy could reach $712 billion by 2050.
- In 2022 only 36 percent of the African population had access to broadband internet.
- Mobile Network Operators (MNOs) are streamlining adoption of 5G services.
Africa is on the verge of an economic revolution. From the north to the southern part of the Saharan desert, nations are striving to eliminate poverty and gain a strong foothold in global markets.
In the same vein, the continent is banking on the potential held by the digital economy. Reports ping the sector to higher standards, including a report from non-profit Endeavor predicting that the market size of Africa’s digital economy could reach $712 billion by 2050.
The growth is propelled by the massive engagement of the continent’s younger population, rising smartphone adoption and increasing internet penetration.
Read also: World Bank backs Smart Africa’s Digital Academy with $20M grant
Digital economy in
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- The GSMA’s State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected.
- Registered accounts, transaction values, and deployments exceeded industry predictions.
- In 2022, daily transactions via mobile money reached $3.45 billion, exceeding the $3 billion amount predicted in 2021.
- Total transaction value for mobile money grew by an incredible 22 percent between 2021 and 2022, from $1 trillion to around $1.26 trillion.
Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual State of the Industry Report on Mobile Money 2023.
The report, published annually by the GSMA and funded by the Bill and Melinda Gates Foundation, demonstrates that rates of adoption are even quicker than expected, with the number of registered mobile money accounts growing by 13 percent year on year.
This is from 1.4 billion …
This as 19 per cent of people in sub-Saharan Africa lived in areas not covered by mobile networks while an additional 53 per cent did not use mobile internet despite having coverage.
The need for accessible internet solutions comes after Meta (formerly Facebook) announced plans to shut down its low-cost Express Wi-Fi internet.
The programme was launched back in 2016 to drive internet connectivity in regions where other forms of connectivity, like ADSL and fibre-optic networks, aren’t readily available or established.…
On the 1st of October 2020, the Global System Mobile Association (GSMA) released their “Mobile Economy Sub-Saharan Africa” report which forecasted the mobile economy in Africa into 2025.[1] A positive outlook to start the month of October and the last quarter of 2020.
The highlight of this forecast is that by 2025, even with 1.05 billion sim connections and 614 million unique mobile subscribers and smartphone adoption reaching 65% of the total population, only 39% of Africans would be experiencing their mobile web on those smartphones. This seems to suggest that even though there would be exponential smartphone growth over the period the cost of connectivity may be a showstopper. That’s not necessarily the case because there’s more happening than meets the eye.
The Mobile Network Operators (MNOs) are going to spend collectively about $52 billion on infrastructure between now and 2025 and this would grow their revenues …