Safe and Sound: The Applications of Computer Vision in Road Safety in East Africa
Road safety is a key facet of developing safer cities and improving civilian quality of life – with road accidents are the leading cause of death for children and young adults globally. Considering the prevalence of road accidents in East Africa, artificial intelligence (AI) solutions must be explored to achieve much-needed improvements to the region’s road safety.
Crude Ambitions: The Financing Hurdles Facing East Africa’s Crude Oil Pipeline
In 2006, Uganda found significant natural reserves near the country’s border with the Democratic Republic of Congo in the form of expansive crude oil deposits. In a bid to achieve the government’s aim of first oil output in 2025, TotalEnergies, CNOOC, along with the Ugandan and Tanzanian governments, are collaborating on a significant infrastructure project - the East African Crude Oil Pipeline (EACOP).
Pricing Mechanisms for Energy Markets in East Africa: An Exploration of Challenges and Opportunities for Energy Development
As a developing region, East Africa still maintains a strong link between energy use and GDP growth, but it is actively working to make energy production more efficient. This is primarily through investments in renewable energy, which offer more sustainable and cost-effective solutions to meet growing demand.
Tap to Pay: Artificial Intelligence Adoption and Digital Transformation in the East African Banking Industry
The Fourth Industrial Revolution (4IR) is reshaping industries across the globe, merging the physical, digital, and biological worlds. For East African banks, this revolution represents a crucial turning point - one where innovation can drive modernisation, enhance customer engagement, and streamline operational processes.
East Africa’s Growth & Investment Landscape: A Look at 2024’s Third Quarter for the Region’s Biggest Players
With the projected growth acceleration of 1.6% points in 2024 from 3.5% in 2023, East African countries have positive forecasts for their economic growth. In particular, four economies – Ethiopia, Kenya, Tanzania and Uganda – already account for around 84% of the region’s output.
The State of Startup Financing in East Africa: The Unique Challenges and Opportunities Faced in Africa’s Startup Capital
As startups grow in the region, their increasing prevalence suggests an upward trend for the foreseeable future. Therefore, their financing is increasingly becoming an important point of interest for both investors and entrepreneurs.
Unveiling Mozambique’s Enormous Tuna Bonds Scandal: A Shocking $11 Billion Dollar Fishing Tale's Lessons for Financial Governance in Africa
In 2013, Mozambique created three public companies – Ematum, Proindicus, and Mozambique Asset Management (MAM) – which would later become known as the ‘tuna bonds.’ Substantial funds were diverted through corrupt practices involving government officials and businessmen: a whopping ~$11 billion.
Kenya’s Crucial Crossroad for its Unbounding Debt Burden: An Interrogation of Kenya’s Concerning Debt Situation
When asked to estimate how much of Kenya’s debt can be attributed to corruption, Kenya’s former auditor general, Edward Ouko, said: ‘You are asking me a ballpark calculation? I think it is about 50%.’
Leveraging Debt Restructuring Tools for Sustainable Economic Recovery in Africa
The economic landscape of Africa is characterised by complex challenges, including high levels of indebtedness and limited access to financing. Effective debt restructuring mechanisms are essential for promoting sustainable development and mitigating financial risks.
