Africa ETP News
you are currently viewing::Digital public infrastructure (DPI) will drive AI for Africa's economic transformationFebruary 11, 2025-Recent developments within Africa's digital ecosystem will help drive Africa's economic transformation, but key policy frameworks and infrastructure are needed for most countries to benefit fully. This lays the initial foundation for safe and ethical digital transformation. Emerging technologies such as artificial intelligence, the Internet of Things, blockchain, and big data can significantly contribute to GDP and job creation in Africa. For instance, AI has the potential to add up to $15.7 trillion to the global economy by 2030, with Africa contributing an estimated $1.2 trillion. Achieving this will require innovative strategies that leverage these technology partnerships with the private sector to invest in infrastructure that serves the public good. The adoption of the African Union Continental AI Strategy in 2024 was yet another indicator of African leaders' resolve to leverage data and technology for Africa's development. Source: acetforafrica.org |
New World Bank Report Highlights Four Pathways to Spur Job Creation and Inclusive Growth in South Africa
February 28, 2025--A new World Bank report titled "Driving Inclusive Growth in South Africa: Quick Wins with Competitive Markets and Efficient Institutions" asserts that a robust economic recovery, shared across all sectors of society, can be achieved in the immediate future by implementing a series of policy actions in four priority areas: infrastructure services, greater private sector participation, creating cities as engines of growth, and efficient public spending.
Nigeria: Investments in Mutual Funds Rise 80.8 Percent to N4.1trn
February 4, 2025--The appetite of Nigerian investors for Mutual Funds has surged with its total asset under management increasing by 80.8% Year on Year, YoY, to N4.1 trillion on January 24, 2025 from N2.3 trillion in the corresponding period 2024.
Zimbabwe: Deepseek Will Hardly Dent 'Magnificent Seven' Stocks
February 3, 2025--DeepSeek's emergence roiled markets earlier last week, but investors see limited scope for the Chinese artificial intelligence startup to dent the performance of the Magnificent Seven, the latest Bloomberg Markets Live Pulse survey showed.
The decision follows ongoing liquidity challenges in several frontier markets, which have been exacerbated by delays in the repatriation of funds in dollars.
South African growth outlook has improved but inflation risks abound, central bank says at Davos
January 21, 2025--Growth in Africa's most industrialised economy could be close to 2% in 2025, versus the 1.1% growth projected for 2024
South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday.
