The Zimbabwean Consumer prices rose 21.6% in November from 17.8%, a month earlier, the Zimbabwe National Statistics Agency said Monday in an online briefing, without stating the reasons for the uptick. A 2 US cents per kilowatt hour increase in power tariffs last month likely contributed. The southern African nation revised its inflation measure for…
Bizcommunity.com Forecasts suggest that AI expenditure on the continent will jump from $3bn in 2023 to $6.4bn by 2026. As global developments in AI, like OpenAI’s DALL-E 2 and conversational agents like ChatGPT, continue to shape the future, our continent stands ready not just to adapt but to lead. The concept is not high-minded or…
Bizcommunity.com IBM announced an expansion of its partnership with Amazon Web Services (AWS) to help more clients operationalise and derive value from generative artificial intelligence (AI). As part of this expansion, IBM Consulting aims to deepen and expand its generative AI expertise on AWS by training 10,000 consultants by the end of 2024. The two…
Reuters News Nigeria’s budget deficit is expected to narrow to roughly 3.9% of gross domestic product (GDP) next year from about 6.1% this year, President Bola Tinubu said on Wednesday. Tinubu added in his first budget speech to lawmakers since being elected that spending priorities in 2024 would include security, infrastructure and measures to ease…
Agence France-Presse (AFP) South Africa has recorded its first significant fall in the number of people suffering from HIV but remains in the grip of a sexually transmitted epidemic, according to a survey released on Monday. The country has been one of the worst hit in the global epidemic of the past four decades that…
Reuters News Ghana’s central bank on Monday held its main interest rate at 30.0% after annual inflation slowed for the third month in a row in October. The West African cocoa, gold and oil producer is in talks with bilateral and commercial creditors to restructure its debts amid its worst economic crisis in a generation….
Reuters News Kenya will start its privatisation drive by offering stakes in 11 companies including the state oil pipeline, the finance ministry said on Monday. The 11 are part of a bigger drive involving more than 35 companies that are slated for sale according to the president, partly to help the government raise extra revenue…
Nigerian Tribune The Federal Government has said that science, technology and innovation are critical to the revival and renewing of the economy and naira, stressing the need to adopt the right technology and partnership to explore opportunities in the sub-sector. Minister of Innovation, Science and Technology, Nnaji Uche, stated this during the 38th annual national…
Bizcommunity.com Entrepreneurship is a key driving force behind boosting economies in Africa and after the onset of the global Covid-19 pandemic, the world saw a rise in entrepreneurship as a means to cope with these unpredicted global shifts. Global Entrepreneurship Week took place from 13 November – 17 November 2023 and coincided with the annual…
Agence France-Presse (AFP) The World Health Organization on Saturday reported 12,569 mpox cases and 581 related deaths in the Democratic Republic of Congo this year to November 12, the highest annual figure ever recorded. The infectious disease, formerly known as monkeypox, was first identified in humans in 1970 in the DRC. It has been endemic…
