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Global markets ended the week on a nervous note, and the reasons reach well beyond Wall Street. The tech stocks AI spending worries story is back in the headlines, this time joined by bond yields that remain stubbornly high. The AI bill keeps growing For two years, investors rewarded any company that promised an AI […]
From health diagnostics in Nairobi to smart farming tools in Accra, artificial intelligence is already part of everyday work across the continent. Whatever shape the Africa AI innovation and technology development future takes, it will be settled by decisions made in the next few years, not the next few decades. The Carnegie Endowment for International […]
Harare City Council (HCC) has terminated a memorandum of understanding (MoU) it signed with Dutch company Integrated Energy BV (IEBV) in May for the construction of a US$134 million waste-to-energy incinerator at the Pomona dumpsite on the outskirts of Harare after the firm demanded an upfront payment running into millions of dollars, it has emerged. […]
Ghana has applauded France for its continued technical and economic support in the areas of defense, agriculture, health and education, energy and public sector reforms. Mrs. Cynthia Morrison, Minister of Gender, Children and Social Protection, said it was also heart-warming that French businesses in the country had kept growing. French companies, operating in Ghana have […]
A Chinese firm, Yaowei Technology will set up a US$15 million solar panel plant in Zimbabwe and produce about 500 solar panels per day. Once the project takes off, it will significantly address the ongoing electricity shortages causes by low water levels in Kariba Dam and obsolete equipment at Hwange Thermal Power Station. Crucially, the […]
In 1886, barely a year after Europe’s great powers met in Berlin to carve up the continent of Africa, Queen Victoria granted Sir George Goldie a charter for his Royal Niger Company. The charter gave Goldie, a moustachioed, waistcoated gentleman of Scottish descent, the right to administer the Niger Delta and its hinterland. Like most […]
Government has announced plans to introduce nuclear power into the country’s energy mix and will take between 10 to 15 years for the realisation of the vision to ensure affordable energy for industrial development. A team has been constituted to embark on a reconnaissance trip for a preliminary assessment and collection of site data for […]
The fading facades of century-old buildings in a neighborhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye of Facebook Inc. and Alphabet Inc.’s Google. The Yaba area, home to the Yaba College of Technology and the University of Lagos, is an emerging technology ecosystem — from fewer than […]
In the past few years, the unprecedented growth of mobile financial services in sub-Saharan Africa has defied all expectations. While Kenya is often cited as a leading example of digital transformation, Ghana has recently become the fastest-growing mobile money market in Africa, with registered accounts increasing six-fold between 2012 and 2017. The country’s experience provides […]