Search Results for: revolution

New AI Diagnoses childhood diseases like doctors

Staff Writer
AI

An artificial intelligence (AI) programme developed in China that combs through test results, health records and even handwritten notes diagnosed childhood diseases as accurately as doctors, researchers said. From the flu and asthma to life-threatening pneumonia and meningitis, the system consistently matched or out-performed primary care pediatricians, they reported in Nature Medicine. Dozens of studies in recent months have detailed how AI is revolutionizing the detection of diseases including cancers, genetic disorders and Alzheimer’s. AI-based technology learns and improves in a way similar to humans, but has virtually unlimited capacity…

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Microsoft 4Afrika pledges its new support to farmers

Staff Writer

Microsoft, through its 4Afrika Initiative has pledged support to the One Million Farmers Platform through disruptive agricultural technologies. As part of the partnership, Microsoft will be providing technical and business support to 14 Kenyan innovators selected to build technology solutions for the platform, a World Bank initiative, that aims to improve the productivity, profitability and resilience of one million African farmers. “Agriculture is a priority area of investment for us, not only because of the enormous number of livelihoods it supports and the economic growth it drives, but also because it…

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The Internet and Mobile taking over the new delivery space

Staff Writer
Food

For the longest time, restaurants held takeaways as an afterthought. Well, not anymore. The food catering business has gone past the takeout era and has evolved so much that delivery has become the hot trend in Kenya. The great digital revolution, burgeoning e-commerce and the convenience of mobile money which allows buyers to pay for their deliveries right off their phones, has spurred a whole new industry that is today the food delivery market. And Kenyans, enticed by the convenience of ordering online from their favorite local restaurants and having…

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New Technology’s Involvement in the Pet Care Industry

Staff Writer
pet

The pet industry is a growing industry around the world but mostly in USA. Pet owners keep increasing day by day hence making the industry grow. Silicon Valley seems to have itself a new “pet” project. But it’s not just any kind of project. It is for an industry that is projected to be worth $281 billion by 2023. The pet-related business has been gaining grounds, with sales exceeding $225 billion in North America alone in 2018. Whether the economy is tough or not, owners have to take care of their…

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Visa acquires new stake in Nigeria’s Interswitch

Staff Writer

Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm. Global payments giant Visa will invest $200 million for 20% stake in Interswitch, electronic payments company, UK’s Sky  News reports. The investment places a billion-dollar valuation on 17-year old Interswitch and is a major boon ahead of a proposed initial public offering slated for  the London Stock Exchange next year. “The investment makes Interswitch one of the most valuable African fintech businesses with a valuation of $1 billion,”…

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Cellulant’s super payments app Tingg unveiled in 8 African countries

Cellulant the African fintech company has Tuesday announced the launch of Tingg, an all-in-one, multi-functional consumer super app that will include a wide array of payment, commerce and financial services into a single platform that will revolutionize the way customers interact with digital payment services in the continent. The pan-African payments firm has been quietly building a payments super app to bring bill payments, remittances, lending, group investments, food and gas orders in one app in its eight markets across Africa. The firm has now announced a major rebrand of…

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Tala Microloan New Startup gains $110 Million In latest Funding

Tala, a Los Angeles startup that makes microloans to consumers and small business owners in emerging markets, is announcing today that it has raised $110 million in funding. The new Silicon Valley venture capital firm RPS Ventures, cofounded by Kabir Misra, former managing partner at Softbank’s $100 billion Vision Fund, is leading the round. Tala’s backers include PayPal, billionaire Steve Case’s VC firm Revolution, Chris Sacca’s Lowercase Capital and Data Collective, among others. The new funding values Tala at nearly $800 million, according to an investor. Tala has raised more…

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Online Marketplaces new potential job creation.

Staff Writer
COVID 19 Read consumer

Online marketplaces such as Jumia, Souq, Uber, and Travelstart could create around 3 million new jobs by 2025 across Africa. This is according to findings of a new report released today by Boston Consulting Group (BCG). Titled ‘’How Online Marketplaces Can Power Employment in Africa’’ the report notes that these digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. Speaking during the launch of the report, Patrick Dupoux, a senior…

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New Co-creation Hub’s Design Lab in Kigali, Rwanda.

The launch of Co-creation Hub’s Design Lab in Kigali, Rwanda last week was important in many ways. The ‘CcHUB Design Lab’ is a revolutionary vision from the hub, and will be key to tackling some of Africa’s socio-economic problems. Designers and engineers at the lab will also be working with scientists from around the world to design solutions for some of Africa’s biggest issues in public health, education, governance, and the private sector. It is often said that “African problems require African solutions,” a phrase coined by Ghanaian economist George Ayittey.…

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How AI could bring New difference in 2019

Staff Writer

In 2019, artificial intelligence (AI) will increasingly become a mainstream presence in our work and personal lives, inspiring our purchase decisions and digging deeper into business outcomes and events. At the same time, expectations surrounding AI will also grow, as calls for transparency and fair play become too loud for businesses to ignore. Here are four ways we see AI making a difference in our lives in the new year: AI gets warm and fuzzy. Conversational AI is fast becoming a fact of life; already, 20% of U.S. adults have access to smart speakers in their homes. Google…

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