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African Tech Titans vs. Red Tape: How Striking the Right Regulatory Balance Can Advance the Continent’s Economic Future
Africa has emerged as a pivotal player in the global tech marketplace, with a digital economy that’s projected to grow to $712 billion by 2050. Yet according to Seyi Ebenezer at Payaza Africa Ltd., this potential is threatened by regulatory frameworks that struggle to keep pace with the rapid evolution of technology. He explores how overly stringent regulation is impeding business and economic growth in the region, and how regulators can foster innovation while protecting consumers and other stakeholders.
- Categories
- Finance, Technology
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Press Release: Digital Future for Africa: African Development Bank and Intel to Train Millions in Artificial Intelligence (AI)
The training will address socio-economic challenges and boost productivity in key growth sectors such as agriculture, health, and education, thereby disrupting traditional growth cycles.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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NPCI International Payments and Central Reserve Bank of Peru to Enable UPI-like Real-Time Transactions
UPI‘s collaborative and open banking ethos “enables greater connectivity and interoperability with both domestic and international payment networks.
- Categories
- Finance, Technology
- Region
- Latin America
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Rwanda Mulls a Digital Currency in Two Years – Central Bank
The national digital currency, according to the National Bank of Rwanda (BNR), would offer Rwandans a safe, free, and easy alternative to physical cash.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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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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Helios Towers’ Public Listed Bond, Co-anchored by BII, Mobilises Private Capital of Over $700 Million to Support Africa’s Digital Transformation
BII is providing $30m anchor commitment, alongside other anchor investors including IFC, DEG and the Emerging Africa Infrastructure Fund.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Safaricom Ethiopia to Use Locally Manufactured Telecom Towers
Safaricom Ethiopia hopes the new towers will help it expand its network and customer base which now stands at 4.4 million.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Number of Digital Lenders Approved in Nigeria Reaches 284
The multiplicity of the apps being used by digital lenders is cited as one of the reasons the Commission is finding it difficult to curtail the incidences of harassment and defaming of borrowers by digital lenders.
- Categories
- Finance
- Region
- Sub-Saharan Africa