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All AI Work is Not Created Equal: Building an Ecosystem That Supports Not Just Jobs, But Employment in East Africa
With the global artificial intelligence market expected to grow to almost $830 billion by 2030, the impact of AI on employment in emerging markets is a topic of growing interest — and concern. Wendy Gonzalez at Sama explores the advantages and disadvantages of different types of AI work, and argues that the industry must build ecosystems that can support not just low-paid, crowdsourced contract jobs, but stable, formal employment if it hopes to generate lasting economic growth in regions like East Africa.
- Categories
- Technology
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Aris-Based VC Breega Hits First Close of $75 Million Africa Fund to Back Pre-seed and Seed Startups
Breega prides itself on being a founders-for-founders fund, investing across pre-seed to Series A stages.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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Press Release: British International Investment and Symbiotics Strengthen Partnership With Launch of Second Green Basket Bond Across Asia and Africa
Following the successful launch of the first green basket bond in 2022, the new issuance will increase financing to small-scale green projects and businesses, funded through micro, small and medium enterprise (MSME) lenders across Africa, South and South-East Asia.
- Categories
- Agriculture, Energy, Environment, Investing, Technology, Transportation
- Region
- Global
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Flutterwave Lays off 3% of Its Workforce as It Doubles Down on Enterprise and Remittance
That change of focus led to the shutdown of Barter in March.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Press Release: WDI Board Appoints Taylor as New President
Wendy Taylor brings a wealth of experience and leadership in global innovation and entrepreneurship to the role.
- Categories
- Agriculture, Education, Energy, Environment, Finance, Health Care, Investing, Social Enterprise, Technology, Transportation
- Region
- Global
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South African Online Retailer Takealot Warns About E-Commerce Competition from Chinese Clothing Manufacturers Temu and Shein
Despite Takealot being a local business, many South Africans have come out in support of Shein and Temu because of their cheap prices.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Malaysia’s Paywatch Secures $30 Million Funding From a Mix of Equity and Credit Facilities
This is the largest funding round closed by an Malaysia-based earned-wage access (EWA) player in Southeast Asia.
- Categories
- Finance, Technology
- Region
- South Asia
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IFC, Proparco and RMB Partner With WIOCC Group to Raise Over $50 Million to Invest in Digital Infrastructure in Africa
With this funding, WIOCC plans to expand its core and edge data centres in the Democratic Republic of the Congo, Nigeria and South Africa to meet data centre services.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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