In our rapidly advancing technological era, Artificial Intelligence (AI) has become deeply woven into the intricate fabric of our digital landscape. Acknowledged as a revolutionary force, AI is reshaping the way we live, work, and interact with the world. Embraced by many as a transformative influence, ChatGPT stands out as a prime illustration of AI’s capacity to redefine natural language understanding and interaction, unveiling its potential to revolutionize communication, problem-solving, and information access. As those who have embraced AI acknowledge its impact, bold regulatory moves, such as those by the European Union, aim to strike a delicate balance between safeguarding…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
In June 2023, my company, Asaak did something unusual for an African tech startup: we acquired another company on another continent. More specifically, we acquired the operations of FlexClub Mexico, a company that offers car financing for ride-hailing drivers. The acquisition, which came off the back of our turn to profitability, was massive for us. Just a few years earlier, we’d been weeks away from having to shut down before bridging finance, and a pivot to a more focused business model set us on the path to success. The acquisition, which was set up by a mutual investor, has also…
Mr. John Musunga has been appointed Managing Director of Diageo Africa’s newly formed South, West, and Central Africa (SWC) market, effective January 1, 2024. He will be based in London and oversee two territories covering Southern Africa and the Indian Ocean and West and Central Africa, including businesses in Ghana, Cameroun, Ethiopia, South Africa, and the Seychelles, among others. John Musunga, who has been leading Guinness Nigeria since October 2023 and also serves as a non-executive director at East African Breweries Limited (EABL), will take up the leadership role at Diageo SWC as part of a new operating model adopted…
TUKO.co.ke has emerged as the Top Digitally Fit News Agency and Service of 2023, securing the title at the Digitally Fit Company of the Year awards. The accolade recognises TUKO.co.ke’s outstanding achievements and commitment to digital excellence in the ever-evolving landscape of news and media. Jacob Otieno, Managing Editor of TUKO.co.ke, expressed his enthusiasm for the recognition, stating, “This award is a testament to our team’s hard work and dedication. TUKO has always strived to stay at the forefront of digital innovation, delivering news and information to our audience in the most engaging and accessible manner possible. Winning the Top…
The African youth and women stand to greatly benefit from the technological boom and educational improvements facilitated by the African Continental Free Trade Area (AfCFTA), directed towards improving the productive sectors of the economy, which will be instrumental in the development of employable skills. This was revealed during the African Economic Research Consortium’s (AERC) 59th biannual plenary session of the biannual research workshop held Monday, with a focus on the importance of job creation and poverty reduction on the continent. The session themed Youth, Demographic Dividend, Migration, and Economic Opportunities in African Economies was a culmination of research by leading academics…
OpenAI announced on Wednesday that its co-founder, Sam Altman will resume his role as CEO. The company said that a new board, consisting of Bret Taylor, Larry Summers, and Adam D’Angelo, had reached a deal with Altman, who was ousted just days ago. The announcement was made on X, the social media platform. We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo. We are collaborating to figure out the details. Thank you so much for your patience through this.…