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Happening Africa looks forward to digital transformation

Happening Africa looks forward to digital transformation
Educating the future of Africa Image Credit: Flickr

To support Africa's digital transformation, the World Group will invest $25 billion between now and 2030 and aims to mobilize $25 billion more from the private sector, says Kristalina Georgieva, Interim President of the World Bank Group.Njuguna Ndung'u, Former Governor, Central Bank of Kenya notes in one of his publications that, in 2018 and beyond, digitization will provide an important avenue for African economies to leapfrog not only financial development but also development across other sectors of the economy. There are infinite opportunities on the digital platform, and fintechs are working round-the-clock to develop and introduce new products here. However, these changes will benefit only those economies that embrace digitization, invest in the required infrastructure, and introduce commensurate regulatory technology.

As per Njuguna digitization is transforming African economies in four major ways: retail payments systems, financial inclusion, sustainable business models, and revenue administration.

The continent is still facing challenges to provide the basics to its citizens. Agenda of development in Africa revolves around few simple perquisites such as the provision of electricity to all, developing efficient transport networks, modernization of agriculture practices, educating its people and enhancing manpower capabilities, provision of better water sanitation and health facilities etc.

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Happening Africa looks forward to digital transformation - Will cannabis legalization in Malawi have positive impact on economy?

J.P. Singh
Updated: 09-03-2020 11:24 IST Created: 08-03-2019 19:29 IST

11:24 AM Malawi is the latest southern African country to legalize the cultivation of cannabis during the end of February 2020. The country has passed a bill decriminalizing cannabis for medicinal and industrial purposes. Called Malawi Gold, Malawian cannabis is globally renowned as one of the finest sativa strains from Africa. Malawi is one of the largest producers of cannabis in southern Africa. This plant, which can thrive in dry conditions, is a good fit for Malawi's climate. Read more...

11:18 AM The deterioration of this planet's natural environment, resources and severe utilization of fossil fuels are definitely unquestionable. Since the advent of industrial revolution, we have obtained an incredible toll for both replaceable and irreplaceable resources through various means. Now the time has come to fix the issue with a noble objective to save the planet for ourselves and future generations. As far as Africa is concerned, the functionality of promoting green building technologies is currently more pronounced as the continent continually experiences rapid expansion in population followed by urbanization. There are a number of motives for building green, including environmental, economic, and social benefits. Read more...

11:04 PM The African Legal Support Facility is all to organize its first High-Level Members Forum in Abidjan in Côte d'Ivoire. The theme for the Forum is 'ALSF Ten years after: Facilitating investment and maximizing resources for national development'. Read more...

10:59 PM Water Africa and East Africa Building and Construction event is slated to take place in Rwanda's capital, Kigali between March 11 and 13 this year. Here we have some latest updates on the upcoming event. Read more...

10:57 PM The World Bank has recently revealed a report titled 'Uganda: Jobs Strategy for Inclusive Growth' in which it states the country's (Uganda's) economy requires to gradually create more jobs for its fast-growing youth population. These jobs will require bringing higher labour productivity in order to boost economic growth and drive transformation. Read more...

10:51 PM A renowned Rwandan artificial intelligence firm, Digital Umuganda is currently working on an automatic speech and voice recognition infrastructure for Kinyarwanda, an official language of Rwanda.Kinyarwanda is a dialect of the Rwanda-Rundi language spoken by at least 12 million people in Rwanda, Eastern Democratic Republic of the Congo and adjacent parts of southern Uganda. Read more...

10:46 PM Ethiopia has recently received a loan worth USD 100 million from the Khalifa Fund for Enterprise Development.The loan provided by the Khalifa Fund for Enterprise Development will be utilized to implement home-grown economic reforms, inspire innovation and help SMEs etc. Read more...

10:42 PM The President of Senegal, Macky Sall has recently received the administrators of the African Development Bank. This took place on February in Dakar, on the last day of their consultation mission in the country.The Head of State of Senegal, Macky Sall extolled the beautiful relations between the government of Senegal and the African Development Bank (AfDB) that commenced in 1972. Read more...

8:26 PM Customer Experience Management (CEM) 2019 will be taking place for two days from July 31 and August 1, 2019 at the Cape Town International Convention Centre (CTICC) in Cape Town, South Africa. Read more...

2:51 PM Some time back, Africa was portrayed in varied reports as the planet's poorest inhabited continent with its entire combined gross domestic product (GDP) barely a third of US' GDP. But now the situation has changed. Read more...

Will cannabis legalization in Malawi have positive impact on economy?

Will cannabis legalization in Malawi have positive impact on economy?

Malawi is the latest southern African country to legalize the cultivation of cannabis during the end of February 2020. The country has passed a bill decriminalizing cannabis for medicinal and industrial purposes. Called Malawi Gold, Malawian cannabis is globally renowned as one of the finest sativa strains from Africa. Malawi is one of the largest producers of cannabis in southern Africa. This plant, which can thrive in dry conditions, is a good fit for Malawi's climate. Read more...

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How African countries paving ways to promote green building technologies

How African countries paving ways to promote green building technologies

The deterioration of this planet's natural environment, resources and severe utilization of fossil fuels are definitely unquestionable. Since the advent of industrial revolution, we have obtained an incredible toll for both replaceable and irreplaceable resources through various means. Now the time has come to fix the issue with a noble objective to save the planet for ourselves and future generations. As far as Africa is concerned, the functionality of promoting green building technologies is currently more pronounced as the continent continually experiences rapid expansion in population followed by urbanization. There are a number of motives for building green, including environmental, economic, and social benefits. Read more...

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ASLF organizes High-Level Members Forum in Abidjan on Feb 26

ASLF organizes High-Level Members Forum in Abidjan on Feb 26

The African Legal Support Facility is all to organize its first High-Level Members Forum in Abidjan in Côte d'Ivoire. The theme for the Forum is 'ALSF Ten years after: Facilitating investment and maximizing resources for national development'. Read more...

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Water Africa and East Africa Building and Construction event to commence in Kigali in March

Water Africa and East Africa Building and Construction event to commence in Kigali in March

Water Africa and East Africa Building and Construction event is slated to take place in Rwanda's capital, Kigali between March 11 and 13 this year. Here we have some latest updates on the upcoming event. Read more...

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World Bank’s new report reveals jobs strategy for inclusive growth in Uganda

World Bank’s new report reveals jobs strategy for inclusive growth in Uganda

The World Bank has recently revealed a report titled 'Uganda: Jobs Strategy for Inclusive Growth' in which it states the country's (Uganda's) economy requires to gradually create more jobs for its fast-growing youth population. These jobs will require bringing higher labour productivity in order to boost economic growth and drive transformation. Read more...

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Rwanda-based AI firm works on speech, voice recognition for Kinyarwanda

Rwanda-based AI firm works on speech, voice recognition for Kinyarwanda

A renowned Rwandan artificial intelligence firm, Digital Umuganda is currently working on an automatic speech and voice recognition infrastructure for Kinyarwanda, an official language of Rwanda.

Kinyarwanda is a dialect of the Rwanda-Rundi language spoken by at least 12 million people in Rwanda, Eastern Democratic Republic of the Congo and adjacent parts of southern Uganda. Read more...

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Ethiopia receives $100mn loan from KFED to boost trade

Ethiopia receives $100mn loan from KFED to boost trade

Ethiopia has recently received a loan worth USD 100 million from the Khalifa Fund for Enterprise Development.

The loan provided by the Khalifa Fund for Enterprise Development will be utilized to implement home-grown economic reforms, inspire innovation and help SMEs etc. Read more...

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Senegal: President asks AfDB to create investment bank for youth employment

Senegal: President asks AfDB to create investment bank for youth employment

The President of Senegal, Macky Sall has recently received the administrators of the African Development Bank. This took place on February in Dakar, on the last day of their consultation mission in the country.

The Head of State of Senegal, Macky Sall extolled the beautiful relations between the government of Senegal and the African Development Bank (AfDB) that commenced in 1972. Read more...

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CEM Africa Summit 2019 – Efforts to explore ever-changing CX landscape

CEM Africa Summit 2019 – Efforts to explore ever-changing CX landscape

Customer Experience Management (CEM) 2019 will be taking place for two days from July 31 and August 1, 2019 at the Cape Town International Convention Centre (CTICC) in Cape Town, South Africa. Read more...

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Emerging Growth Story and ICT as a Catalyst in African Economic Outlook 2019

Emerging Growth Story and ICT as a Catalyst in African Economic Outlook 2019

Some time back, Africa was portrayed in varied reports as the planet's poorest inhabited continent with its entire combined gross domestic product (GDP) barely a third of US' GDP. But now the situation has changed. Read more...

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