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Category: Science & Technology

  • First Islamic Development Bank Institute (IsDBI) Artificial Intelligence (AI) Hackathon Showcases Innovation in Islamic Finance

    ALGIERS, Algeria, May 27, 2025/ — The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) has announced the winners of the first-of-its-kind Artificial Intelligence (AI) Hackathon in Islamic Finance, organized to showcase the potential of AI-powered tools to support the progress of the global Islamic financial industry.

    The awards were announced and presented to the winners during the 19th IsDB Global Forum on Islamic Finance on 20 May 2025 in Algiers, Algeria, on the sidelines of the IsDB Group Annual Meetings.

    As the Islamic finance industry evolves to meet the demands of a dynamic global economy, the practical adoption and harmonization of Financial Accounting Standards (FAS) – particularly across jurisdictions – remains a challenge. At the same time, Artificial Intelligence is revolutionizing how financial services are designed, delivered, and governed.

    Recognizing this opportunity, IsDBI launched the AI Hackathon to explore how emerging technologies can strengthen the adoption of Islamic finance standards, particularly those issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

    The Hackathon focused on developing AI-powered solutions that make these standards easier to implement, more accessible, and globally aligned.

    Dr. Sami Al-Suwailem, Acting Director General of IsDBI, presented the awards to the top three winners, namely:

    • First Place – Khilan Team
    • Second Place – Al Buraq Team
    • Third Place – BANKAI Team

    The winning projects stood out for their technical excellence, creative design, and potential for real-world application in the Islamic finance ecosystem.

    In his comment on this occasion, Dr. Sami Al-Suwailem, stated: “This Hackathon reflects our commitment to advancing the Islamic financial industry using state-of-the-art technologies. We are proud to support the next generation of thinkers and builders shaping the future of Islamic finance through AI.”

    The Hackathon is a pioneering initiative dedicated to applying AI in solving key challenges in Islamic financial services. It highlighted the role of AI in enhancing standardization, compliance, and innovation in the US$4+ trillion Islamic finance industry.

    The competition brought together talented students, developers, researchers, and entrepreneurs from around the world to co-create practical, Shariah-compliant digital solutions.

    The Hackathon aligns with IsDBI’s strategic objectives to drive innovation, create value through knowledge-based initiatives, and foster global impact in the Islamic finance sector.

    Learn more about the IsDBI Hackathon: https://www.IsDBI-hackathon.com/

    Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).
  • Embracing the Evolving Landscape of AI and Digital Transformation

    Embracing the Evolving Landscape of AI and Digital Transformation

    By: Mohammed Abu

    A three-day Wealth Masters Group’s Residential Training Event-Executive Leadership Programme in AI that is being hosted on campus by the University of Kent, United Kingdom, is scheduled to take place from the 2nd-5th June,2025.

    The event is being held against the background of today’s fast-paced and increasingly complex business environment, that leaves leaders, business owners, entrepreneurs and start-ups challenged to navigate unprecedented disruption, drive innovation, and integrate cutting-edge technologies like Artificial Intelligence (AI) into their organizations.

    To stay competitive and maintain strategic leadership, executives must not only excel in traditional leadership roles but also, embrace the evolving landscape of AI and digital transformation.

    Three-Day Training Session

    To this end, the 3-day immersive training is specifically designed for these leaders, providing a comprehensive understanding of leadership, business innovation, and AI integration.

    Through a blend of expert insights, practical case studies, interactive workshops, and real-world applications, the program equips leaders with the skills and strategies needed to drive organizational change, foster innovation, and leverage AI for future growth.

    Throughout the program, participants will engage with thought leaders, collaborate with peers, and reflect on their roles as visionary leaders driving the future of business.

    Expected Output

    By the end of this training, these leaders will be empowered with the tools, strategies, and foresight to lead their organizations through the next era of innovation and AI-driven transformation.

    Course Programme

    Day 1:

    Leadership in a Disruptive World: Transformational Leadership and Adaptive Decision-Making in the Era of Disruption

    Day 2:

    Driving Business Innovation for Competitive Advantage: Business Model Innovation, Strategy, and Competitive Positioning in the AI Age

    Day 3:

    Artificial Intelligence for Business Transformation: Applications of AI in    Business, Ethical Implications, and Future Trends

    Course Objectives

    Leadership Mastery:  you will understand advanced leadership techniques to navigate disruption and lead transformation effectively.

    Innovation Strategy: you will learn to design and implement innovative business models that leverage cutting-edge technology.

    AI Integration: you will understand the potential and risks of AI in decision-making and business strategy.

    Ethical Leadership: You will be equipped to apply ethical principles to AI adoption and business innovation.

    Future Preparedness: You will possess foresight into the future of work and leadership in an AI-driven world.

    Tailored for Executives: Your scheduling will become flexible and focused on high-level strategy; it’s crafted to elevate your leadership capabilities.

    Expert-Led Curriculum: You will be taught by Seasoned professionals in the field and AI thought leaders. The curriculum combines practical insights with the latest research.

    Certificate of Completion: You will gain certificate that highlights your expertise in leading organisations in the Age of AI

    Who Can Attend?

    Senior Executives and Business Leaders, Mid-Level Managers

    Entrepreneurs and Founders Professionals in Technology and Strategy Roles. Anyone Interested in Leading in the Age of AI

    Registration Fees & Deadline

    Early bird registration – until 30 April 2025 = £1,786.25

    From 1 May = Registration Fees = £2,159.38

    Your registration fee includes:

    4 Nights Ensuite Accommodation

    Breakfast, Lunch & Tea/Coffee

    All presentation Notes / Course Materials

    Program Certificates & Evening Reception with Drinks

    Tour around Kent

    The final deadline for registrations is Friday 23 May.

    Accommodation

    Four nights Bed & Breakfast accommodation in a single en-suite bedroom, is included within your registration

    Payment

    All registrations must be paid in full at time of booking by debit or credit card. We do not have the facility to accept purchase orders or invoices for payment.

    Contact Information

    For payment, registration or accommodation queries please contact eventregistrations@kent.ac.uk

    For conference content queries, please contact Benjamin Acheampong: benjamin@wealthmastersgroup.com

    Wealth Masters Group Website: http://www.wealthmastersgroup.com

    Post Training Session Exploration of Garden of England

    Participants are encouraged to take some time off after the session and explore the Garden of England. Kent and Canterbury offer diverse tourism attraction sites covering eco and monumental tourism.

     

     

     

     

     

     

  • TradeTech Forum Returns for its Second Edition at AIM Congress 2025

    TradeTech Forum Returns for its Second Edition at AIM Congress 2025

    Abu Dhabi, UAE, 4 March: The TradeTech Forum, hosted by the World Economic Forum (WEF) will return for its second edition at  AIM Congress, set to be held on April 8, 2025, alongside the ongoing AIM Congress.

    With over 400 of the world’s foremost trade leaders and experts attending the forum this year’s TradeTech Forum aims to extend and expand the conversation on leveraging technology to transform global trade and investment.

    With a mission to explore how emerging technologies are impacting and shifting the norms of international trade, the impact on sustainability and fostering inclusivity, this year’s theme “TradeTech Transition: Evaluating the Present, Envisioning the Future”, will bring together innovators, policymakers and key global leaders into one forum.

    The TradeTech Forum this year continues with an updated and far more comprehensive agenda, with plenary sessions involving key experts of the industry, interactive workshops, and networking opportunities aimed to offer actionable insights to all attendees.

    H.E. Dr. Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE, will officially open the forum. Speaking on the impact of the forum to the UAE and the world, Dr. Al Zeyoudi said: “Technology can revolutionize global supply chains at every stage, creating opportunities to expand international trade.

    It enables less developed countries and small and medium-sized enterprises to participate more effectively and fairly in the global trading system, while enhancing security and transparency. The TradeTech Forum is a key platform to advancing these benefits, convening global trade leaders to explore leveraging technology to make supply chains smarter, more sustainable, and inclusive.”

    H.E. Al Zeyoudi added: “As a nation at the forefront of technological innovation and global trade facilitation, this platform exemplifies our commitment to fostering collaboration and harnessing digital technologies to drive sustainable, inclusive growth in global trade. We look forward to welcoming participants from around the world to chart the next chapter of TradeTech advancement together.”

    His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), said: “As a key node on international supply chains and a global magnet for talents, businesses, investments, Abu Dhabi continues to develop trade facilitation solutions, and employ advanced technologies and methods such as AI and Blochian to enable free and fair trade and exchange of goods, services, and innovations.

    The TradeTech forum in Abu Dhabi provides a suitable platform to discuss ideas, challenges, and explore opportunities, devising innovative solutions that will shape the future of global trade”.

    The agenda for the forum packs many multi-disciplinary sessions, with the day starting off with the TradeTech Face-Off, an engaging breakfast debate featuring two contrasting visions on the future of TradeTech, where attendees will have to take a stance to what they believe the future of TradeTech holds.

    This dialogue will expand on to topics such as smart customs and how AI will revolutionize trade, a topic explored in depth in the latest TradeTech report “Artificial Intelligence for Efficiency, Sustainability and Inclusivity in TradeTech” just launched at the Annual Meeting at Davos.

    Plenary panels will continue throughout the day, discussing key topics such as the outcomes of the 2025 TradeTech Report, the regulatory sandbox outcomes in trade finance, and the imperatives for investment in trade innovation.

    A series of interactive workshops have been designed to create engaging deep-dives into AI-driven transformations in supply chains, trade finance, and logistics. In addition, the attendees can expect exclusive networking opportunities, with dedicated spaces for bilateral meetings, investor collaborations, and knowledge exchange.

    Hosted alongside AIM Congress 2025 at Abu Dhabi National Exhibition Centre (ADNEC), the TradeTech Forum is poised to set the global agenda for innovation in trade and investment, fostering cross-border collaboration and long-term economic resilience. “As a global collective, we must urgently transition into action mode, prioritizing immediate steps that drive substantial impact.

    Embracing the latest technological advancements and fostering thought leadership in TradeTech, alongside exploring regulatory adaptations, and supporting innovative startups, is essential to create a more efficient, sustainable, and equitable trade landscape.

    This is what we do at the TradeTech Global Initiative and why we convene this high-level forum.”, shared Tim Stekkinger, Head, TradeTech Initiative, World Economic Forum.

     

     

  • Three start-ups awarded at the 2nd edition of the international ceremony of the Orange Summer Challenge in Casablanca, Morocco

    Three start-ups awarded at the 2nd edition of the international ceremony of the Orange Summer Challenge in Casablanca, Morocco

    Orange Summer Challenge: three months to turn an idea into a start-up

    Created in 2011, the Orange Summer Challenge (OSC) is the flagship event of the network of Orange Digital Centers in Middle East and Africa (www.Orange.com). Its objective is to inspire young people to develop technology start-ups for the common good. The 2025 edition ended in Casablanca with an international ceremony that rewarded three promising projects.

    For more than three months, 282 young innovators and entrepreneurs from 14 countries benefited from intensive support combining training, mentoring and coaching provided by experts from Orange and its partners: AWS, EY and NOKIA. Together, they have developed 57 start-ups on the Tech4Impact theme, offering solutions to the region’s environmental, health, educational and agricultural challenges.

    A second international ceremony highlighting three impact start-ups

    The award ceremony, held on February 20, 2025 in Casablanca, revealed the three winning start-ups, selected by an international jury and the votes of Orange employees in Middle East and Africa. The event brought together professionals, partners, media and stakeholders from the entrepreneurial and academic ecosystem. The winners of this edition are:

    • 1st prize: Plastikoo (Madagascar) – Transforming plastic waste into sustainable building materials, reducing pollution while promoting the sustainable development of local communities.
    • 2nd prize: MEPS (Tunisia) – IoT-integrated solution to convert organic waste into clean biogas and fertilizer, contributing to the energy transition.
    • 3rd prize: Leevlong (Cameroon) – A medical remote monitoring device that allows real-time monitoring of vital signs, thus improving the management of patients.

    The winners will receive financial, technical and commercial support from the Orange Digital Centers and their partners. NOKIA will award €40,000 to fund pre-incubation and incubation projects, while Orange will offer a €20,000 prize to support young talent engaged in these impactful initiatives.

    Brelotte Ba, Deputy CEO of Orange Middle East and Africa, praised the evolution of the Orange Summer Challenge and the involvement of young people: “For 15 years, the Orange Summer Challenge has accompanied thousands of young talents in their entrepreneurial adventure. This new edition once again illustrates the capacity of African and Middle Eastern youth to innovate and respond to the societal challenges of our continent. Congratulations to the winners and all participants for their commitment and creativity.”

    Sarobidy Nombatsitoha, Founder of Plastikoo, the first-prize winning start-up, expressed his joy and gratitude: “A dream come true! When I imagined Plastikôo, I never thought that this project would go so far. We put all our heart, gave our best, without really expecting such a result. With so many beautiful projects, this victory is a great source of pride. Congratulations to my team!”

    Orange, a committed player for technology entrepreneurship and digital inclusion

    True to its mission of digital inclusion and innovation, Orange develops training and support programmes to promote youth employment and the development of start-ups in Africa and the Middle East. The Orange Social Ventures in Middle East and Africa (OSVP) has supported impact entrepreneurship since 2010 with 55 major winners. The Orange Digital Center program, which will celebrate its 15th anniversary in 2025, has already trained 1.2 million beneficiaries free of charge in the region and supported hundreds of start-ups.

    Distributed by APO Group on behalf of Orange Middle East and Africa.

    Press contact:
    Stella Fumey stella.fumey@orange.com
    Anita Oyono anita.oyono@orange.com

  • Revolutionize your Business Plan: How Artificial Intelligence (AI) is Making Entrepreneurship Easier

    Revolutionize your Business Plan: How Artificial Intelligence (AI) is Making Entrepreneurship Easier

    JOHANNESBURG, South Africa, December 20, 2024/ — In today’s fast-paced business world, writing a comprehensive business plan can feel overwhelming for entrepreneurs. However, with the advancement of Artificial Intelligence (AI), this process is becoming more efficient and accessible.

    This guide shows how to use AI tools to create a business plan for your idea.

    Think of AI as your digital assistant, speeding up the first draft so you have more time to make it better. AI gives you a structure, but your own ideas and understanding of your business makes the plan unique.

    Embrace AI in Business Planning – Before you begin, you should know what goes into a business plan: a summary of your business, details about your company and offerings, and information about your market and competitors. You may also consider creating plans for your business sales, management, operations, and finances.

    Gather all your business details first. This makes it easier for AI to help you turn them into a plan.

    Feeding Information to AI – Start by providing a general overview of your business, including its name, target market, products or services, and financial projections. GoDaddy is sharing a prompt template below that can be used to provide information:

    “I’m developing a business plan for my company, [company name], a [industry] startup offering [product/service]. Please accept the information below about my company as a basis for developing a strong business plan.”

    Creating Sections with AI Help – Breaking your business plan into sections and using specific prompts for each can streamline the process. AI can generate initial drafts for each part, which you can then review and edit. Here are some prompts to help guide you:

    1. Summary and Company Description:

    • “As a successful entrepreneur and seasoned strategist, draft an enticing executive summary and company description for [company name] in the [industry] sector.”

    2. Products and Services:

    •  “As an innovative product developer, provide a comprehensive description of [product/service] offered by my company.”

    3. Market Analysis:

    •  “As a market analyst, outline a detailed market analysis for [company name].”

    4. Competitive Analysis:

    •  “Compile a concise competitive analysis for [company name], highlighting the strengths and weaknesses of key competitors.”

    5. Marketing and Sales Plan:

    •  “Create a thorough sales and marketing plan for [company name], including a detailed growth strategy.”

    6. Value Proposition:

    •  “Assume the perspective of a potential customer and identify the unique selling proposition of [company name].”

    7. Ownership and Management Plan:

    •  “Outline the optimal structure, ownership, and management roles for [company name].”

    8. Operating Plan:

    •  “Craft an efficient operating plan for [company name], detailing infrastructure and risk management.”

    9. Financial Plan:

    •  “Develop a comprehensive financial overview and funding request for [company name], including income statements and sales forecasts.”

    10. Extra Information:

    •  This is where you can add any extra details like research or visuals.

    Finalizing Your Plan – Once you have drafts for each part, it’s time to make it all fit together nicely. Your business plan should clearly show what your business is about and its path to success.

    Getting Feedback from AI – After refining your draft, ask AI to check for any missing parts, mistakes or inconsistencies. This is a good time for AI to help create a summary, mission statement, vision, values, and value proposition to ensure alignment with your business goals.

    Make a One-Page Plan – Lastly, create a simple one-page version of your business plan. It should include all the important points and be easy to understand. This step ensures clarity and focus, making it easier to communicate your business strategy to stakeholders. Remember, while AI helps a lot, it does not replace the ingenuity and oversight of human input to help ensure your unique business ideas are being reflected in your plan.

    AI can be a helpful tool for creating and growing your business’ digital presence.  With GoDaddy Airo, an AI powered experience, you can embrace AI to streamline your business planning and operations, allowing you more time to focus on turning your entrepreneurial dreams into reality.

    Find out more how GoDaddy Airo (https://apo-opa.co/49Qt0mA) can help your business idea get started online.

     

    Distributed by APO Group on behalf of GoDaddy.

     
  • Kaspersky Predicts Artificial Intelligence (AI) and Privacy to Shape Consumer Cybersecurity Landscape in 2025

    Kaspersky Predicts Artificial Intelligence (AI) and Privacy to Shape Consumer Cybersecurity Landscape in 2025

    JOHANNESBURG, South Africa, December 4, 2024/ — According to Kaspersky’s (www.Kaspersky.co.za) latest report, artificial intelligence (AI) will become an integral part of daily life, while privacy concerns around biometric data and advanced technologies will take center stage in 2025. These forecasts are part of the annual Kaspersky Security Bulletin series, which provides an outlook on the cybersecurity trends and threats expected to impact consumers in the coming year.

    AI becomes an everyday reality

    AI is predicted to fully integrate into daily life in 2025, becoming a standard tool rather than a novel technology. With prominent operating systems like iOS and Android rolling out AI-enhanced features, people will increasingly rely on AI for communication, workflows, and creative tasks. However, this normalisation also brings challenges, particularly as personalised deepfakes become increasingly sophisticated in the absence of reliable detection tools.

    Privacy regulations will expand user data ownership

    The growing emphasis on privacy is expected to lead to new regulations that strengthen user control over personal data. By 2025, individuals may gain the right to monetise their data, transfer it easily across platforms, and benefit from simplified consent processes. Global frameworks, such as the EU’s GDPR, California’s CPRA and South Africa’s POPIA, continue to inspire reforms worldwide, while decentralised storage technologies could further strengthen user autonomy over their information.

    Fraudsters will continue to exploit premieres and releases

    Cybercriminals are expected to target prominent gaming, console, and film launches in 2025. Titles like Mafia: The Old Country, Civilization VII, and Death Stranding 2, as well as the anticipated Nintendo Switch 2, are likely to attract scams involving fake pre-orders, counterfeit rootkits, and malicious downloads. Similarly, blockbuster films like Superman and Jurassic World Rebirth may trigger phishing campaigns and counterfeit merchandise fraud aimed at enthusiastic fanbases.

    Political polarisation will fuel cyberbullying

    Increasing political polarisation is expected to exacerbate cyberbullying in 2025. Social media algorithms that amplify divisive content, combined with the widespread availability of AI tools for creating deep fakes and doctored posts, are likely to intensify online harassment. Cross-border cyberbullying could also escalate as global platforms facilitate the targeting of individuals based on their political beliefs.

    Rising number of subscription services will fuel fraud risks

    As the global economy shifts further towards subscription-based models, a rise in fraud related to fake subscription promotions is expected. Cybercriminals are expected to create counterfeit services that mimic legitimate platforms, aiming to deceive users into providing personal and financial information, resulting in identity theft and financial losses. Additionally, the growth of unofficial resources that provide discounted or free access to subscription services is expected to become a significant threat vector, exposing users to phishing attacks, malware, and data breaches.

    Prohibition of social media for children may lead to broader user restrictions

    Australia’s proposed legislation to ban social media access for children under 16 could set a global precedent. If implemented successfully, the restriction could pave the way for broader limitations on access for other demographics. Platforms like Instagram have already begun adopting AI-powered age-verification systems, signaling a shift toward stricter governance of online spaces.

    “As we look to 2025, the most significant impact on consumers is expected to arise from the intersection of innovation and regulation. Advances in AI, privacy protection, and data ownership frameworks will reshape the way people interact with technology and manage their digital lives. These developments hold immense potential but also demand careful oversight to ensure they serve consumer interests,” said Anna Larkina, Kaspersky privacy expert.

    To learn more, visit Securelist.com.

    To stay safe, Kaspersky experts also recommend:

    • Enable a safe browsing feature, such as the one in Kaspersky Premium (https://apo-opa.co/3BdtgPp), to help avoid Internet tracking. This feature also protects users from dangerous sites (like phishing ones), malware, and other maliciously installed files and extensions.
    • Configure your social networks for enhanced privacy to make a difference. Services such as Privacy Checker (https://Privacy.Kaspersky.com) can help users adjust privacy settings and strengthen the protection of their personal accounts. In addition, modern security solutions often include features that enhance privacy levels across various social networks.
    • Opt for secure and private connections. Avoid using public Wi-Fi networks for sensitive activities. Consider using a reliable VPN (https://apo-opa.co/3Bcqz0y) to encrypt your Internet connection and protect your online activities from being monitored.
    • Install apps only from official stores like the Apple App Store, Google Play or the Amazon Appstore. Although apps from these markets are not 100 percent failsafe, at least they are checked by store representatives, and a filtration system is in place – not every app is authorised for listing on these platforms.
    • Download a reliable security solution (https://apo-opa.co/3BdtgPp) to help you detect malicious apps and adware before they can harm your device.
    • Don’t share serial numbers, IP addresses and other sensitive information regarding your smart devices on social networks.
    • Avoid using unreliable passwords. Weak combinations, such as those consisting of letters only, do not offer sufficient protection. For added convenience and security, consider using a special app, such as the Kaspersky Password Manager (https://apo-opa.co/3OGpYHu).
    Distributed by APO Group on behalf of Kaspersky.

    For further information please contact:
    Nicole Allman
    INK&Co. (https://INKandCo.co.za)
    nicole@inkandco.co.za

  • Solutions for Igniting Africa’s Digital Revolution – Insights from “Unstoppable Africa”

    Africa is steadily progressing in its digital transformation, drawing on the continent’s resources, creativity, and youthful demographic to drive change—yet there remains significant ground to cover. As the digital era continues to accelerate, we must seize this opportunity to position Africa as a key player on the global stage. If we fail to act decisively and work together, we risk being sidelined in the global digital landscape.

    At the recent “Unstoppable Africa” event hosted by the Global Africa Business Initiative in New York on the sidelines of the UN General Assembly High-Level week, I led a panel discussion titled ‘The Panel of the Future: Solutions for Igniting Africa’s Digital Revolution.’

    During the panel discussions, esteemed speakers — including H.E. Paula Ingabire, Minister of ICT & Innovation for Rwanda; Mr. Peter Ndegwa, CEO of Safaricom; Ms. Doreen Bogdan-Martin, Secretary-General of the International Telecommunications Union (ITU); and Mr. Cheick Camara, Vice President & Managing Director of ServiceNow Africa — each brought a unique perspective on how Africa can leverage its strengths to build a robust digital economy.

    H.E. Paula Ingabire highlighted Rwanda’s proactive approach to emerging technologies, positioning the country as a proof-of-concept hub for innovative companies and start-ups to launch, test and scale.

    Mr. Peter Ndegwa stressed that connectivity must be a fundamental right across the continent, with Safaricom already scaling up its assembly of affordable smartphones, while Ms. Doreen Bogdan-Martin was optimistic about Africa achieving significant digital transformation by 2030. Mr. Cheick Camara reminded us that it is essential for Africa to create and contribute to AI models. In addition, AI alone will add $16 trillion to the global economy by 2030, a wave that Africa must not miss.

    The reality is that African nations are at a critical turning point, confronted with the risk of being sidelined in the global digital race. As countries worldwide rapidly embrace technological advancements, particularly in fields such as artificial intelligence (AI), machine learning, and data analytics, the continent must act swiftly to avoid being marginalized.

    The pace of innovation and technological advancement is incredible. Daily, new developments take place, reshaping industries and redefining how we live and work. Since we last gathered at Unstoppable Africa, the technological landscape has evolved rapidly, highlighting the critical need for African nations to keep pace with global trends.

    One of Africa’s most significant advantages is its youthful population. With over 60% of Africans under 25, we are blessed with a demographic comfortable with technology and eager to experiment – qualities that are vital for driving technological advancement.

    Alongside our youthful population, Africa boasts a wide variety of cultures. The panel discussion emphasized that promoting a culture of creativity is essential for achieving sustainable growth. This means creating an environment where new ideas can flourish, and failure is seen as a steppingstone to success rather than a setback.

    To capitalize on these strengths, however, African nations must prioritize investments in education and technology infrastructure. An educational system that includes digital literacy, critical thinking, and project management skills is essential to preparing the workforce for the digital economy.

    Beyond driving digital success, project management empowers Africa’s young leaders with the frameworks and skills needed to address complex challenges in an ever-evolving digital landscape, building a future-ready workforce that can take African innovations to scale.

    Furthermore, enhancing technology infrastructure—such as improving internet access and digital services—will empower citizens to participate actively in the digital economy. This is consistent with the four key pillars of Africa’s digital revolution namely: Digital Infrastructure and affordable devices, Internet access and cost, Digital skills and education, and Digital Innovation.

    By empowering citizens with knowledge and access to technology, African nations can cultivate a skilled workforce capable of leading innovation in various sectors, from agriculture, where digital tools can boost productivity and sustainability, to healthcare, where telemedicine and AI-driven diagnostics offer new solutions for widespread challenges. Fintech and renewable energy also represent high-impact areas where African innovations are already showing potential to lead globally.

    Additionally, the insights shared by our panelists highlighted the importance of collaboration among various stakeholders—governments, businesses, civil society, and international partners.  This collaborative approach is essential for building an ecosystem where digital technologies can thrive, enabling Africa to contribute meaningfully to global advancements and ensuring that the continent leads in certain areas of the digital revolution.

    Government policies can provide the regulatory frameworks and infrastructure needed for digital growth, while businesses bring in expertise, resources, and technology to accelerate technological advancement. Project management is essential in transforming these ideas into reality. By leveraging project management principles, countries and companies on the continent can strategically allocate resources, streamline efforts, and scale innovations across multiple sectors.

    Beyond driving digital success, the discipline empowers Africa’s young leaders with the frameworks and skills to address complex challenges in an ever-evolving digital landscape, building a future-ready workforce. Civil society offers critical perspectives on inclusivity and the ethical use of technology, while international partners bring valuable experience and investment to support Africa’s digital journey.

    This collaborative approach empowers Africa to move beyond simply “catching up” with the rest of the world; it positions the continent to lead in key areas of the digital revolution, from fintech and digital agriculture to health tech and renewable energy. By leading in such sectors, the continent can redefine its role in the digital age, showcasing the transformative potential within its borders.

    Now is the time to join forces and drive a digital revolution that secures a prosperous and inclusive future for the continent and generations to come!

  • Carbon & Emissions Tech Sector Registers $2.7B In Q1 VC Investments – PitchBook Report

    Carbon & Emissions Tech Sector Registers $2.7B In Q1 VC Investments – PitchBook Report

    In 2023, the carbon and emissions technology sector showed remarkable resilience and growth, securing a record $17.7 billion in venture capital (VC) investments, according to an industry overview, published by financial data provider PitchBook’s Institutional Research Group.

    However, the VC deal value for Q1 2024 was $2.7 billion, marking the lowest quarterly value since Q1 2021. First quarters are usually slower that the following ones

    The 2024 Carbon & Emissions Tech Overview, reveals the latest trends, technological advancements, and market dynamics shaping the carbon and emissions tech landscape.

    The 2023 investments were spread across 1,133 deals, surpassing 2022, and highlighting the growing investor confidence and the critical importance of sustainable technologies in addressing climate change.

    While the figures do include more “emission-focused” technologies like lithium batteries, it is one of the most comprehensive when it comes to carbon tech.

    The technological landscape there is categorized into several key areas: Direct Air Capture (DAC), Point Source Carbon Capture, Biological Carbon Capture, Carbon Utilization, Carbon Accounting & Analytics, Voluntary Carbon Market (VCM) Infrastructure, and Carbon Fintech & Consumer Tech.

    These categories reflect the diverse approaches and innovative solutions being developed to tackle carbon emissions.

    Median pre-money valuations for companies remained stable, varying between $13.6 million and $15.0 million from 2021 to 2023. The Q1 2024 median deal size was $4.2 million, indicating continued investor interest.

    Exit activity in the sector peaked at $3.8 billion in 2021 but declined to $1.9 billion in 2023, reflecting overall market conditions and the cyclical nature of VC investments and exits.

    Key drivers of investment in carbon capture, utilization, and storage (CCUS) technologies include tax incentives, government funding, and market shifts towards high-integrity carbon credits.

    The report also details sector segmentation and investment trends, focusing on carbon tech, industry applications, built environment, and land use.

    As for the top VC investors in the carbon and emissions tech sector since 2018, these include Climate Capital, Lowercarbon Capital, and SOSV.

    A preview of the report is available here, while the full version can be found in the PitchBook platform.

    SOURCE

    CARBON HERALD

     

  • Driving socio-economic transformation through technology: The young startup changing the face of Uganda’s automotive industry

    Driving socio-economic transformation through technology: The young startup changing the face of Uganda’s automotive industry

    KAMPALA, Uganda, May 14, 2024/ — In recent years, Uganda has witnessed a wave of technological innovation. In a country where access to traditional infrastructure and services can be limited, technology is emerging as a powerful catalyst for change, offering solutions to longstanding socio-economic issues.

    GITEX AFRICA, the continent’s largest tech and start-up event, taking place in Marrakech, Morocco from 29 – 31 May, will host a successful Ugandan startup that is proving that technology, along with a visionary mindset, is the perfect formula to meet the challenges facing the country’s automotive industry.

    AutoFore (https://apo-opa.co/3K5OhME) is a leading automotive aftersales support platform, aimed at supporting the development of sustainable, environmentally friendly automotive businesses, while providing decent employment opportunities.

    With a stated aim of transforming mobility in Africa through technology and skilled labour, AutoFore’s innovative solutions are reshaping the industry.

    One of the company’s flagship initiatives, Auto4, an online platform connecting car owners with automotive vendors, exemplifies the transformative potential of technology in addressing local challenges.

    Inspired by a lack of reliable spare parts, service centres, and technical support for used imported vehicles in Uganda, Auto4 streamlines the process of sourcing quality replacement parts and accessing dependable auto repair centres, thus ensuring efficient and safe vehicle maintenance.

    “Launching AutoFore in Uganda was informed by several factors. Firstly, Uganda’s automotive market presented a significant opportunity for innovation and improvement, particularly given the high percentage of used imported vehicles and the challenges associated with maintaining them.

    Secondly, as a local startup, we were passionate about making a positive impact in our community and contributing to the development of sustainable automotive businesses that provide meaningful employment opportunities,” said AutoFore CEO and Founder, Agatha Nambuya.

    As AutoFore gears up to participate for the first time as an exhibitor at GITEX AFRICA, their expectations are high.

    “In addition to showcasing our flagship product, Auto4, we’re looking forward to connecting with stakeholders within the African tech ecosystem, and exploring opportunities for growth, expansion, and collaboration.

    We’re excited about the potential of the event to accelerate our business and contribute to the advancement of the African automotive industry,” added Nambuya.

    Looking ahead, Uganda’s startup scene offers opportunities across various sectors, with immense potential to build on its 2022 total funding of almost US$25.76 million (https://apo-opa.co/3wC0PIF).

    Trends such as technology adoption, fintech innovation, e-commerce expansion, renewable energy, and healthcare advancement present fertile ground for entrepreneurs to make a meaningful impact.

    In addition, not only is AutoFore offering technology-driven solutions and fostering sustainability; it is also creating employment opportunities within the automotive sector.

    “We’re proud of the fact that our platform creates opportunities for employment and entrepreneurship within the industry,” said Nambuya. “We are currently working with 200 vendors and over 1,000 mechanics.

    By connecting car owners with local service centres and vendors, we support the growth of small businesses and create jobs for mechanics, technicians, and other automotive professionals. This not only contributes to economic development but also fosters skills development and capacity building within the local community.”

    However, navigating funding and investment opportunities remains a daunting challenge for startups in Uganda. Limited access to capital and a lack of investor awareness about the potential of startups hinder the growth and scalability of innovative ventures.

    AutoFore’s journey underscores the importance of networking, pitching, and relationship building in securing funding and overcoming these obstacles.

    Having a presence at GITEX AFRICA, the continent’s largest showcase of startups, with exposure to the most influential players and investors in the global startup ecosystem, is invaluable.

    Bolstering Uganda’s presence at GITEX AFRICA 2024 even further, and demonstrating the esteem in which the country’s technological progress is held, is the country’s Honourable Minister of Science, Technology and Innovation, Monica Musenero Masanza, who will be speaking at the GITEX AFRICA Digital Summit.

    Under the High Patronage of His Majesty King Mohammed VI of the Kingdom of Morocco, GITEX AFRICA is held under the authority of the Moroccan Ministry of Digital Transition and Administration Reform, supported by the Ministry of Health & Social Protection, and hosted by the Digital Development Agency. The 2nd blockbuster edition, organised by KAOUN International, follows its pioneering debut in 2023.

    More information is available at www.GITEXAFRICA.com.

    Distributed by APO Group on behalf of GITEX Africa.

    Media Contact:
    Tayce Marchesi
    PR Executive
    Tel.: + 971 58 552 3994
    Tayce.Marchesi@dwtc.com

     

  • AIM Startup and Unicorns Track: Insights and Innovation Take Center Stage at 2024 AIM Congress

    AIM Startup and Unicorns Track: Insights and Innovation Take Center Stage at 2024 AIM Congress

    Abu Dhabi, 9th May, 2024: The 2024 AIM Congress, held at ADNEC in Abu Dhabi from May 7 to May 9, showcased a dynamic exchange of visionary ideas and strategic insights during the AIM Startup and Unicorns Track sessions. These sessions, featuring esteemed moderators and panelists, unveiled groundbreaking perspectives and transformative opportunities across various industries.

     Middle East Unicorns Conclave: Unicorns and Mobility Industry

    Moderated by Mohamed Nagaty, the session illuminated the evolving landscape of unicorns and the mobility industry, with Mohamed Ezzat of Tech Logistics (Bosta), Salman bin Mohammed Al Suhaibaney of Morni, Maan Khalid Eshagi of Professional Wealth Management Venture Capital, and Faisal Hilal, CEO of Ahlan, sharing their expertise.

    “Becoming a champion in your own market is essential; smaller markets offer less competition and significant benefits. However, thorough financial analysis is imperative,” said Faisal Hilal, CEO of Ahlan.

     Korea Unicorn Investment Conclave: The Relationship Between Big Tech Cities and the Emergence of New Unicorns

    Under the moderation of Rachel Cho, the session explored the vibrant investment landscape in Korea, featuring insights from Dr. Kiho Park of LB Investment, Dr. Kim of Invest Korea, Kyungsoo Noh of Seadronix, and Jinkyung Kim of Big Value.

    “Founders are the most critical factor in the success of ventures. Strategic partnerships and a long-term vision are essential for sustainable growth,” said Kiho Park, CEO of LB Investment.

     China Unicorns: Electric Vehicles and Energy Transformation

    Moderated by Aly Ramji, the session delved into the transformative potential of electric vehicles and energy in China, with insights from Sean He, Founder of Silicon Harbor.

    “As investors, we must prioritize sustainability in our decisions. China’s commitment to environmental concerns underscores the importance of adopting technologies that reduce pollution and promote sustainability,” Sean He, Founder of Silicon Harbor.

    These sessions epitomize the AIM Congress’s commitment to fostering innovation and collaboration on a global scale, empowering attendees with actionable strategies to navigate an ever-evolving business landscape.

    AIM Congress 2024 is hosting more than 150 high-level dignitaries, with 900+ speakers and over 12,000 participants from 175 countries around the world participating. AIM Congress has also organized 27 joint events in cooperation with over 330+ local, international, and global partners.