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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The forum of African Chief Executive Officers on a two day annual meeting “has officially begun. It’s time to realize our ambitions and build a prosperous future for Africa together,” announced Makhtar Diop – Managing Director of the International Finance Corporation (IFC), the private sector arm of the World Bank and co-organizer of the event. Diop maintain the purpose of the occasion is to aid the small and medium-sized enterprise (SME) sector, which establishes jobs and entices several investors in African nations. “It’s about supporting startups, which is where young people invest and work. But it’s also about investing in sectors such as agriculture and taking...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- South Africa has launched an Artificial Intelligence Association (SAAIA) focused on promoting the advancement of responsible AI in the country. The association seeks to unite practitioners across Commercial, Government, Academic, Startup and NGO sectors and to encourage stakeholders to adopt AI. From hype to a global reality the SAAIA vision has been shaped by analysing the global and local landscape, identifying needs and filling the blanks with research. This has revealed both the challenges and opportunities AI and related smart technologies can bring to South Africa for both citizens and the wider economy. ‘’ Our vision is evidence-based with responsible, human-centric AI as its foundation,’’ it says. The SAAIA mission...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple global shocks. But the projected growth will depend on global conditions and the continent’s ability to bolshevist economic resilience, the African Development Bank’s 2023 African Economic Outlook report has found. The report forecasts that Africa will consolidate its post-Covid-19 pandemic recovery to 4.3% GDP growth in 2024 from 3.8% in 2022. Some 22 countries will record growth rates above 5%, it says. It recommends robust policy actions, including incentivizing green industries and providing guarantees at scale to de-risk private sector investments in managing...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – He made these remarks during the ongoing AfDB Annual Meetings in Sharm el-Sheikh, Egypt. Dr. Adesina emphasized that Africa should know from prior blunders and venture on its reserves to vigorously take part in in the electric vehicle revolution. He accentuated the desire for the mainland to avert reiterating historical misconceptions and rather influence its capacity to maximize usefulness from the growing global need for electric vehicles. Dr. Adesina said Africa must not make similar errors of the past but must maximize its resources and be a part of the electric vehicle revolution. “Africa stands to be able to attract billions of dollars in private investments for green global transport systems. As the...