Africa, a continent rich in potential and resources, is transforming digitally through blockchain technology. Once plagued by inefficiencies and bureaucratic challenges, African economies leverage blockchain to bring transparency, accessibility, and empowerment to areas previously constrained by outdated systems. The Challenges Before Blockchain Historically, Africa has faced numerous hurdles that stifled economic growth: Kenya’s Financial Inclusion…
Ambassador Fashina Olaoluwa, representing Nigeria at the Best Diplomatic Conference in the United Kingdom (UK), highlighted Nigeria's status as Africa's leading financial technology (FinTech) hub. In his address, he emphasized how Nigeria has been a key player in fostering a fair, inclusive technological ecosystem and closing the digital divide across the continent. Nigeria's Commitment to…
Rwanda seeks to build stronger partnerships with South Korea, focusing on human and technological capital and attracting more Korean investments to accelerate the country's shift from aid dependency to a trade-driven, industrialised industrialised economy. In an interview with The Korea Herald, Rwandan Minister of Foreign Affairs and International Cooperation Olivier Nduhungirehe emphasised that South Korea's…
Sumaiyya Nyansige, now a Security Consultant, attributes her career success to the skills and connections she gained through the African Girls Can Code Initiative (AGCCI). Participating in the program's second cohort expanded her network. It linked her to potential employers, showcasing how mentorship and education can bridge the digital gender divide. This sentiment was echoed…
Nairobi's newest restaurant is capturing attention with its innovative use of robots named Nadia and Claire as part of its service team. These robots glide seamlessly between tables, delivering orders with precision and efficiency. Customers place their orders via a QR code, which alerts human servers when food is ready to be loaded onto the…
Klarna, the buy now, pay later company, plans to significantly reduce its workforce through efficiencies gained from artificial intelligence (AI). After cutting its staff from 5,000 to 3,800 over the past year, Klarna aims to reduce its staff further 2,000 by leveraging AI in marketing and customer service. CEO Sebastian Siemiatkowski highlighted that these job…
China and 26 African countries have committed to enhancing partnerships and fostering innovation in the digital sector. China's Ministry of Industry and Information Technology hosted the Forum on China-Africa Digital Cooperation, which was held on July 29 in Beijing. Senegal's Minister of Telecommunications, Alioune Sall, expressed optimism about the upcoming changes. "This digital cooperation between…
Governments have long sought to automate services and advice through chatbots. Early chatbots were limited, but the recent advancements in generative AI have reignited the vision of more efficient public services. With human-like advisors available 24/7, these AI systems could handle inquiries about benefits, taxes, and more, offering sophisticated, human-like responses if trained on quality…
Africa is rapidly becoming a hub for financial technology (fintech) innovations, driven by the rise of mobile money and other digital financial services. This guide will walk you through the essentials of building a successful fintech startup in Africa, focusing on critical mobile money companies, the continent's economic impact, and how generative AI and large…
In an ambitious move to leverage cutting-edge technology, the Zambian government has initiated drafting a comprehensive artificial intelligence (AI) strategy. This strategic framework aims to guide the nation in harnessing the benefits of AI and other advanced technologies, ensuring they drive economic growth and innovation. Key Developments: Drafting the AI Strategy: Developing this AI strategy…