Forever Rose Kunafa Chocolates Debut in Kuwait with Monoprix Partnership
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
AI in Africa to Top $16.5B by 2030: Mastercard Explores Path for Continued Digital Transformation
Key insights from Kenya, South Africa, Nigeria and Morocco demonstrate AI's potential to drive financial inclusion, job creation and innovation. Up to 230 million digital jobs projected in Sub-Saharan Africa by 2030 – but infrastructure, regulation and local talent remain critical gaps. NAIROBI, Kenya, August 06, 2025--(BUSINESS WIRE)--Mastercard has today released its latest whitepaper, Harnessing the transformative power of AI in Africa, a pan-African study of the continent's readiness, opportunity and roadmap for responsible artificial intelligence (AI) adoption. The whitepaper provides detailed insights into how AI—if deployed responsibly and inclusively—can unlock transformative outcomes across the continent's major industries, including agriculture, healthcare, education, energy and finance. With Africa's AI market projected to grow from USD 4.5 billion in 2025 to USD 16.5 billion by 2030 according to a recent report from Statista, the paper presents a clear case for multi-stakeholder collaboration and investment. It highlights how Africa's unique demographics, mobile-first infrastructure and entrepreneurial spirit position it as an active architect of the future. Mark Elliott, division president, Africa at Mastercard, commented: "Africa's engagement with AI is already reshaping lives — not just in labs, but in farms, clinics and classrooms. To unlock its full potential, we need investment in infrastructure, data, talent, and policy. At Mastercard, we believe responsible, locally rooted AI can drive inclusive growth and connect more people to opportunity." The whitepaper outlines the potential positive impact of AI on digital infrastructure, policy and governance, research and development, local language processing and investment into Africa. It also explores how AI can accelerate job creation, with up to 230 million digital jobs projected by 2030, and increase access to formal finance through AI-enabled credit scoring and fraud prevention. Greg Ulrich, chief AI and data officer, Mastercard, said: "AI is only as powerful as the trust behind it. At Mastercard, we're committed to building AI that's responsible, inclusive, and built to bring value to our customers, partners and employees. This isn't just innovation—it's innovation with integrity." Regional highlights covered in the whitepaper include: South Africa: South Africa attracted USD 610 million in AI-focused venture capital in 2023, with total AI investment expected to reach USD 3.7 billion by 2030. With the highest data and infrastructure readiness in Africa, the country is solidifying its role as a continental leader in AI research and application. It is home to the Artificial Intelligence Institute of South Africa which serves as a gateway for students and professionals to access world-class education, research and industry news. National plans aim to develop up to 300 AI start-ups and train 5,000 AI professionals by 2030, creating the foundation for a vibrant, homegrown AI ecosystem. Kenya: An emerging leader in AI innovation, Kenya has leveraged its "Silicon Savannah" status to securely deploy AI across sectors. Platforms like Tala use mobile data for credit scoring, while Jacaranda Health's UlizaLlama, an AI-powered chatbot, provides maternal health support in five local languages. The newly launched National AI Strategy (2025–2030) outlines the government's commitment to positioning Kenya as a regional leader in AI research and development, innovation and commercialization for socioeconomic development. Nigeria: Nigeria ranks second in the number of AI startups in Africa and secured USD 218 million in VC investment in 2023. As one of Africa's most dynamic AI ecosystems, Nigeria is using AI to personalize learning (Rising Academies), deliver microfinance via and strengthen governance with AI tools that monitor public fund allocation. With a $1.4 billion projected AI market size by 2025, the government's proactive approach, combined with growing private-sector innovation, suggests promising growth in AI applications. Morocco: An emerging AI hub in North Africa, Morocco is advancing AI adoption across healthcare, energy, agriculture, and finance. Institutions such as Mohammed VI Polytechnic University and DeepEcho are driving local innovation, while the MoroccoAI Annual Conference is shaping national dialogue on the future of AI. Under its Digital 2030 strategy, Morocco aims to attract USD 1.1 billion in investment and create 240,000 digital jobs by 2030. Despite this progress, the whitepaper warns that data fragmentation, language exclusion and regulatory inconsistency could deepen the digital divide. Harnessing the potential of AI in Africa will be instrumental in accelerating financial inclusion and driving the continent's digital and economic growth. Strategic collaborations between governments, fintechs, and global partners will be key to unlocking AI's full impact. Mastercard's whitepaper draws on insights from leading African technologists, policymakers, academics and entrepreneurs, including interviews with UNESCO, the African Center for Economic Transformation, and fintech leaders across the region. To download the full whitepaper, click Editor's Note 'Harnessing the transformative power of AI in Africa' has been written by White Paper Media Consulting (WPM) in partnership with the Mastercard EEMEA team. The findings and outcomes presented in this paper are based on interviews of various key stakeholders named in the report. These were put into perspective with contextual research by WPM. Markets covered include Kenya, Morocco, Nigeria and South Africa. Infographic and report design is by WPM. About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. *Source: AETOSWire View source version on Contacts Kanyi Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26 minutes ago
- Yahoo
🚨 BREAKING: LAFC seal blockbuster signing of Son Heung-min
LAFC have completed the signing of Tottenham Hotspur legend Son Heung-min for a reported fee of between $26m, a new MLS-record transfer fee. The 33-year-old had been in north London since 2015, scoring 127 goals in over 300 Premier League appearances for Spurs. Yet his services were seemingly deemed surplus to requirement by new Spurs boss Thomas Frank, who has been tasked with taking the Premier League club into a new era after Europa League triumph in the 2024/25 campaign. Son finishes his Tottenham career as the fifth highest goalscorer in club history, and will be regarded as one of the greats of the modern era. LAFC currently sit in 6th place in MLS' Western Conference as they look to push towards their second MLS Cup title in the last four seasons. 📸 Carl Recine - 2025 Getty Images
Yahoo
26 minutes ago
- Yahoo
🚨 Reports: Deal done, Liverpool offload flop for over £50 million
There's still a lot going on in Liverpool. After the Reds reportedly signed Florian Wirtz and Hugo Ekitike for well over 200 million euros in the summer, players are now being actively sold. As Florian Plettenberg reports, the departure of striker Darwin Nunez is now said to be confirmed. Fabrizio Romano also shortly afterwards made similar statements about 'X'. In addition to Luis Díaz, who moved to FC Bayern Munich, Darwin Núñez is now also leaving. According to the latest reports, the attacker is set to move to Al-Hilal for 50 million euros plus bonuses. A surprisingly high sum, right? Since the Uruguayan came to LFC in 2022 for 85 million euros, he has only scored 26 goals in 95 games and largely fell short of expectations. Well, money is not the most important thing in the Saudi Pro League, as we know. This article was translated into English by Artificial Intelligence. You can read the original version in 🇩🇪 here. 📸 DARREN STAPLES - AFP or licensors
