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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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Rethinking Credit Scoring: A Pay-As-You-Go Pioneer Explores Innovative Solutions in Africa
The ability to make life-changing purchases — from buying a home to setting up a business — usually relies upon acquiring credit. But as Mansoor Hamayun at Bboxx explains, in many emerging markets, it’s incredibly difficult for the average citizen to obtain a credit score. He explores the obstacles to credit scoring in Africa, and discusses how Pay-As-You-Go financing of solar products — combined with innovative approaches to consumer subsidies — can be leveraged to boost access to credit scores and essential financial services in underserved communities.
- Categories
- Finance
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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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Alyve Health Bags USD $5.5 Million in Series A Round
With the raised capital, the Mumbai-based health-tech startup aims to grow initiatives across key areas.
- Categories
- Health Care, Technology
- Region
- Asia Pacific
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Transparent Sustainability: A Free Tool Aims to Empower Retail Investors to Align Their Investments with Their Convictions
The growing demand for sustainable investments has brought a greater degree of scrutiny to the industry, as it attempts to address rising concerns about greenwashing. But as Shaan Madhavji and Anna Helena Chaim at Impaakt point out, many investors still have a lack of knowledge about the true impacts of their investments. They explain how Impaakt's free “How Sustainable to Me?” tool provides retail investors with transparent impact data that allows them to align their investments with their values.
- Categories
- Environment, Investing
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Investment Africa Data Centres Gets Over $100 Million Funding From RMB
The partners in the deal say the financing agreement demonstrates the strong financial position of Africa Data Centres and its commitment to investing in the digital transformation of South Africa.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- data, digital inclusion
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AG Insights Platform Gro Intelligence Is Closing Down
Ag insights platform Gro Intelligence is calling it quits after failing to secure enough capital to stay afloat following a turbulent few months, AgFunderNews understands.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
- Tags
- data, failure, smallholder farmers
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Analysis: U.S. Tech Giants Are Building Dozens of Data Centers in Chile. Locals Are Fighting Back
Multiple groups are working to keep Amazon, Google, and Microsoft from doubling the number of centers in the country, fearing environmental devastation.
- Categories
- Technology
- Region
- Latin America
- Tags
- data, digital inclusion, water
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