The Editorial Team |

Riding the Wave Of Artificial Intelligence in the Banking Sector

LAGOS (Capital Markets in Africa) – Ever since the term Artificial Intelligence was coined by John McCarthy, the field of Artificial Intelligence has moved through many phases. The subject of Artificial Intelligence actually predates personal computing, it all started with “an ancient wish to forge the gods.” As Pamela McCorduck would put it. In 1950, Alan Toring, the English Mathematician published a paper in which he deduced the possibility of creating a machine that ‘thinks’….

INVESTING IN TECHNOLOGY ENTREPRENEURS: A REALITY CHECK

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LAGOS (Capital Markets in Africa) – South Africa’s entrepreneurial activity is at its highest level since 2013, the global entrepreneurship monitor’s (GEM) latest report for South Africa 2017/2018 has revealed. Total early-stage entrepreneurial activity (TEA) in South Africa is at 11.0%, 4.1 percentage points higher compared to 2016’s score of 6.9%. This is the measure of all adults in the population that are involved in early stage entrepreneurship. However, this is far from demonstrating a…

Digitisation: Six Key Trends Disrupting the Insurance Sector

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LAGOS (Capital Markets in Africa) – As exponential, digital-driven technologies transform the 4th Industrial Revolution from a buzzword into reality, the financial services sector – and insurance in particular – face massive disruption, it starts with a radical reimagining of the very model insurance has been built on since its origins in the 14th Century, and Africa is no exception. Several trends are emerging on the continent that pose a significant threat to the business…

Are Financial Services Embracing Analytics and Artificial Intelligent?

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LAGOS (Capital Markets in Africa) – If there’s one industry that’s been through the mill over the past few years, it’s the financial services industry. Plagued by unparalleled levels of change in terms of business processes, regulations and customer expectations and facing new digital threats all while still reeling from the 2008 global economic crisis, the sector has proven itself to be resilient. Though the outlook for the industry is looking to be more positive,…

Open Banking and APIs: Emerging Opportunity in Africa

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LAGOS (Capital Markets in Africa) – The terms Open and Africa has never been considered synonymous. With a linguistic diversity of almost 2000 languages, 3000 plus cultural identities and 55 currencies it is hard to image ever establishing an Open architecture on the second largest continent. However, Africa is known for leap-frogging technology. We see solar cities being built instead of laying new power grids, rapid adoption of cellphones instead of landlines and gleaning first…

IMF Demand at Root of Ghana’s Cedi Slump, Deputy Leader Says

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ACCRA (Capital Markets in Africa) – Ghana’s central bank was unable to support the weakening cedi because the country had to build reserves to meet the requirements of its bailout program with the International Monetary Fund, Vice President Mahamudu Bawumia said. The currency of West Africa’s second-biggest economy collapsed as much as 16 percent against the dollar this year after offshore holders of domestic debt failed to roll back their maturing investments. The cedi pared its year-to-date losses…

Oil in Longest Run of Weekly Gains Since 2017 on Tight Supply

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LAGOS (Capital Markets in Africa) – Oil in New York headed for the longest weekly winning streak since November 2017 as crises from Venezuela to Libya threatened supplies, while optimism over U.S.-China trade talks buoyed the outlook for demand. West Texas Intermediate futures were little changed, poised for a fifth weekly increase. OPEC cut production for a fourth month in March, while supply risks are mounting in member nations exempt from the strategy. Power failures that plagued Venezuela…

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