AI: The goal should not be to make Google more money or help governments kill people more efficiently
Artificial intelligence researchers are facing a problem of accountability: How do you try to ensure decisions are responsible when the decision maker is not a responsible person, but rather an algorithm? Right now, only a handful of people and organisations have the power – and resources – to automate decision-making....
Sanctioned: Military coups, rights abuses push Ethiopia, Mali and Guinea out of US duty-free trade pact
The United States plans to remove Ethiopia, Mali and Guinea from the agreement that gives them duty-free access to the United States, President Joe Biden said in a letter to Congress, citing human rights violations. The move comes amid ongoing conflict and famine in Ethiopia’s northern region of Tigray and...
After initially outlawing cryptocurrencies, Nigeria becomes first African nation to roll out digital currency
The Central Bank of Nigeria joined a growing list of emerging markets betting on digital money to cut transaction costs and boost participation in the formal financial system. “Nigeria has become the first country in Africa, and one of the first in the world to introduce a digital currency to...
Red flag raised over imminent takeover of Namibia’s Walvis Bay port by Dubai royal family
A government-backed Dubai-based port management company is at the tail-end of a process that will see the company, DP World, take complete control of Namibia’s main seaport, Walvis Bay, at the expense of Namport. Walvis Bay port managing entity Namport, will cede its functions to the concessionaire at the new...
How juggling between running business from home with children running in the house birthed garden office business
Like thousands of parents across the country, Kieron Summerhayes struggled to juggle running his business from home while his children were running around the house. The 43-year-old, from West London, who runs an events and exhibition company, was getting frustrated with having to do his paperwork in the kitchen –...
Chinese greed: Red alert out on the damage illegal fishing is doing to Africa’s ‘blue economy’
Maritime security experts warn that illegal fishing is undermining Africa’s “blue economy” that covers the continent’s fisheries, tourism, aquaculture, transport, ports and oil drilling. The African Union Development Agency (AUDA) says development of blue economy is critical to the continent’s prosperity. “Africa is one of the most blessed continents in...
Equity Bank’s Finserve banking solution rated most innovative, customer-centric in Africa
Equity Group’s fintech subsidiary, Finserve Africa, has been named the best in E-commerce – Banking/Financial and Insurance Services Gold Category during the third edition of the Kenya E-Commerce Awards 2021 in Nairobi. The award recognises Finserve’s continued commitment to innovation and customer-centricity in Kenya and Africa. Speaking when he received...
Nairobi’s $45 billion new Athi River Smart Green City to house two million people upon completion
Nairobi’s dispersion to the outlying areas took another turn towards the decongestion and modernisation last month following the approval of development of a smart city project in Athi River, some 30 kilometres southeast of the Kenyan capital’s central business district. The project will cost a total of Ksh5 trillion ($45...
South Africa Airways ready to resume domestic, continental flights on September 23
South African Airways (SAA) interim CEO Thomas Kgokolo says the airline is moving into a new era. Kgokolo made the comments when he was addressing Parliament’s Portfolio Committee on Public Enterprises on the expected restart of the airline and on other matters concerning its subsidiaries. SAA is expected to resume...
Flying cars deal between Kenya Airways, Brazil’s aircraft maker Embraer to ease movement in Nairobi
Kenyan capital Nairobi expects to experience ease in commuter movement in the coming three years following the signing of an agreement between national carrier Kenya Airways and Brazilian aircraft manufacturer Embraer to supply flying taxis. As business hub if the region, Nairobi which also hosts headquarters a number of international,...
