How African Tech Start-ups Can Leverage Predictive Analytics for Efficient Service Delivery

By Zuko Mdwaba Generative AI is revolutionising the way we live and work. Across industries, leaders and users alike are experimenting and tapping into the power of these technologies to their advantage. Nearly 7 in 10 workers say generative AI will help them better serve customers. But like any new technology, generative AI is not without risks. Unlike consumer AI, like Apple’s Siri and Amazon Alexa, enterprise customers require higher levels of trust and security, especially in regulated industries. When working with the world’s leading businesses, it’s critical to explore this technology intentionally and responsibly so that ethics remain top

**Set to hit $6.65bn by End of 2023 A publication by ECDB states that Nigeria ranks 40th in global e-commerce, and is set to generate $6.65 billion by the end of 2023. Nigeria’s e-commerce landscape is said to be on the verge of a transformative revolution, with anticipated growth from 2023 to 2027 at 10.8%. Black Friday is arguably Nigeria’s biggest shopping season, where consumers hunt for unbeatable deals. Interestingly, the unsung heroes of this retail frenzy are the small businesses powered by e-commerce platforms. This Black Friday, we spotlight the important role of Nigeria’s leading e-commerce platforms, like Jiji, Jumia,

By Zuko Mdwaba Generation Z will determine the extent to which generative AI will truly advance how we live and work. Born into a world of smartphones, virtual assistants, and the Internet, the level of comfort among ‘digital natives’ with the pace of technological change and its impact on society will be a driving force behind AI’s widespread adoption. Global research released by Salesforce – Generative AI Snapshot Research: The AI Divide – shows that over one-third of current users are “super-users,” tapping generative AI daily and planning to use it even more. The data also shows that half of all consumers have never

By Thando Sibanda It’s all too easy to think of startup founders as young, vigorous and touched with immortality. But the sector is full of stories of founders dying before their time. Such deaths are always tragic but can be even more so when there isn’t a clear plan in place. Without that plan, conflicts can quickly arise between the family of the deceased, investors, business partners, and other interested parties. Often, the source of this conflict is the founder being subject to a “deemed offer” or “deemed sale” clause. This clause leads to an automatic forced sale of the

By Dipo Olowookere A study has shown that satellite TV reception was the choice for 11.8 million households in Nigeria in 2019, a 23 percent increase compared to 2017. The survey, conducted by SES, the leader in global content connectivity solutions, in its annual Satellite Monitor, further revealed that in Ghana, Nigeria’s West African neighbour, 4.7 million households received the signal. 19 percent higher than in 2017. Across the African continent, according to the report, satellite TV reception reached 35 million TV households last year in contrast to 33 million African households in 2018. Furthermore, the study also highlighted that

By Walter Duru On Monday, June 3, 2019, former chieftain of the All Progressives Grand Alliance (APGA) and former member of the House of Representatives, Chief Uche Onyeagucha, was sworn in as Secretary to the Government of Imo State by the Governor, Chief Emeka Ihedioha. Governor Ihedioha’s choice of Onyeagucha has, as expected, generated reactions, with different stakeholders canvassing different opinions. But, why should Hon. Onyeagucha that joined the Ihedioha camp just before the elections land the post of SGI? Apart from the fact that Onyeagucha proved his mettle, by ensuring that the attempt to allegedly smuggle in fake results

By Adeniyi Ogunfowoke Fintech is an umbrella term that encompasses the innovative ways technology is used to deliver and transform financial services. From banking to payments to lending, fintech companies are increasingly attempting to compete with banks that have been around far longer and that arguably have far more money than they do. So in several ways, fintech is disrupting the way businesses are run and managed in today’s tech world. Here are five ways fintechs are making the disruption a reality. Encouraging online cashless transaction With the increased penetration of the Internet, more and more people in Nigeria are

By Adedapo Adesanya  At the midweek session at the black market segment of the foreign exchange (forex) market in Nigeria, the performance of the Naira against the British Pound Sterling. Business Post reports that this came on the premise that the Conservative Party’s lead at the YouGov polls ahead of the its staunch rivals, the Labour Party, is narrowing as the December 12 elections in the United Kingdom draw closer. At the close of business on Wednesday, 27 November, 2019, the local currency depreciated by N2 against the British currency at the parallel market to trade at N467/£1 compared with

By Adedapo Adesanya The Central Bank of Nigeria (CBN) says it is leading the drive towards diversifying the nation’s economy away from oil through its numerous interventions. Mr Godwin Emefiele, Governor of CBN, said this at the 33rd Seminar organised by CBN for the Finance Correspondents and Business Editors on Saturday in Lagos. The conference was held simultaneously in Lagos and Abuja and themed Policy Options for Economic Diversification: Thinking Outside the Crude Oil Box. Mr Emefiele said the quest for building a robust economy had remained the major component of the monetary policy. According to him, Nigeria has largely

By Dipo Olowookere President Muhammadu Buhari on Monday held a meeting with Nigerian energy companies in the United States. This was part of his visit to the US, where he also had discussions with President of the United States, Mr Donald Trump. Some of those present at the yesterday’s meeting with President Buhari at the Blair House, Washington DC, USA were the Group Chief Executive Officer of Oando Plc, Mr Wale Tinubu; President of Dangote Group, Mr Aliko Dangote; and former Governor of Ekiti State, Mr Niyi Adebayo, amongst others.

Why has bitcoin’s market valuation soared past $1 trillion? Why is cryptocurrency a $2 trillion asset class today? Why are people suddenly going bonkers over a meme coin named DOGE? Why are NFTs making front-page headlines on every major news daily? Because of a few people who are putting their weight behind the digital asset space and directly influencing the growth of the blockchain industry. But who are these people? We’re profiling five of the biggest names in the industry below! Elon Musk Elon Musk, CEO, Tesla, CTO, SpaceX, Source: CNBC The suave and dapper CEO of Tesla, CEO, CTO,

By Dipo Olowookere Son of President Muhammadu Buhari, Yusuf, is now ready to be discharged from the hospital after he was involved in a horrific motorcycle accident in Abuja on Boxing Day of 2017. Yusuf, reportedly the only son of the President, was taken to Cedarcrest Hospitals in Abuja after the road mishap, where he was placed in the Intensive Care Unit (ICU) of the health facility. A statement issued by management of the hospital today and shared by one of the President’s aides, Mr Bashir Ahmad, it was disclosed that after the successful surgical operations carried by a team