The association [FITSPA] emerged as a runner-up in the Leadership in Regulatory and Policy Impact Award category. Notably, there are six other categories; Excellence in Fintech and Startup Support Award, Excellence in Capacity Building and Talent Development Award, Innovation in Industry Reports and Knowledge Sharing Award, Best Initiative for Consumer Protection and Growth Award, Outstanding Event of the Year Award, and Outstanding DFA of the Year Award.

The awards honor and celebrate excellence and amplify the influence and reach of DFAs. The awards underscore the vital role DFAs play in building the ecosystem, demonstrating their enormous value and capacity to influence.

FITSPA Uganda has been a key advocate for the inclusion of the fintech ecosystem in regulatory and policy frameworks established by key regulatory bodies. Through its persistent efforts, the association has ensured that fintech players across the country have a voice in shaping policies that directly impact innovation, growth, and consumer protection within the sector. By actively engaging with regulators, FITSPA has contributed to the creation of a more enabling environment that balances innovation with regulatory oversight, fostering the growth of a thriving and inclusive fintech ecosystem.

Uganda’s fintech sector has witnessed remarkable growth, thanks in large part to the pivotal role played by the association (FITSPA). As a champion of innovation and inclusivity, FITSPA has spearheaded several initiatives to shape a conducive regulatory and policy environment. By bridging the gap between regulators and fintech innovators, FITSPA has positioned Uganda as a trailblazer in creating a forward-thinking ecosystem that supports sustainable growth in the digital finance landscape.

One of FITSPA’s key achievements is its advocacy for the licensing of digital lenders through the Uganda Microfinance Regulatory Authority. This milestone ensures that digital lenders operate within a regulated framework and fosters trust and accountability within the sector. Additionally, FITSPA’s support in developing Tier 4 Digital Lending Guidelines demonstrates its commitment to creating an inclusive and responsible digital lending ecosystem. By helping regulators understand digitization and data-sharing, FITSPA is paving the way for robust financial practices that benefit consumers and businesses.

FITSPA’s influence extends beyond digital lending to the broader fintech landscape. Its collaboration with the Financial Intelligence Authority to establish a risk assessment framework for virtual assets has strengthened the sector’s alignment with global compliance standards. Furthermore, FITSPA has been instrumental in guiding fintech companies through the complex process of obtaining licenses from the Central Bank of Uganda, ensuring seamless navigation of regulatory requirements. These efforts collectively highlight FITSPA’s unwavering dedication to fostering a resilient, innovative, and globally competitive fintech sector in Uganda.

See also: Dr. Twinemanzi: The future of fintech in Uganda and the broader digital economy relies heavily on collaboration

The DFA Awards spotlights the transformational initiatives and leadership of DFAs and their role in shaping the future of the global fintech landscape. From capacity building and startup support to regulatory advocacy and consumer protection, DFAs are at the forefront of creating sustainable impact and advancing finance inclusion. Their work empowers professionals, strengthens ecosystems, and propels the industry toward responsible and inclusive growth.

As national leaders, DFAs offer unparalleled access to extensive networks and informed industry insights. They advocate for enabling regulatory environments, cultivate strategic partnerships, provide technical assistance, establish standards for market conduct and practice, and enhance capacity within the profession. These efforts are pivotal in fostering collaboration, driving fintech innovation and growth, and enhancing ecosystem resilience.

The post AllianceDFA Honors FITSPA Uganda at the DFA Awards for Advancing Digital Finance and Fintech Innovation appeared first on PC Tech Magazine.

Why is competitor keyword analysis pivotal?

Competitor keywords are online search terms targeted by competing brands to obtain high rankings. This can be achieved organically or through paid ads. Analyzing such keywords can offer brands numerous advantages.

• Detect and Resolve Keyword Gaps—Sometimes, competing brands may get higher rankings in search results by using important keywords. Content optimization and tweaking keyword research strategies can find and address such gaps.
• Adapting to Market Trends—Understanding changing industry trends can be improved by monitoring competitors’ keywords and observing shifts. This can also help gauge buyer preferences.
• Better Visibility and Ranking- Analyzing competitors’ keyword strategies helps fathom effective patterns, like update frequency, user intent alignment, and preferred content types. Adapting to those trends can help improve site ranking.

Ways to identify competitors’ keywords

Those using free SEO checker tools can resort to specific online services and applications to easily identify competitors’ keywords. Listed below are some such practical tools worth exploring:

1. SEO Ranking 

This is a robust tool for SEO analysts keen on learning competitor keyword research. Its humongous Keyword Database comprises over 5 billion keywords spanning 188 regions. Its Proprietary algorithms fetch accurate results. The tool is also handy for content optimization, regional SEO campaign management, and website audits.

The tool offers excellent value for money with its reliable results and comprehensive analysis. However, it is limited to data obtained from Google searches.

2. Google Keyword Planner

This free Keyword Planner tool offers excellent insight into the paid keyword strategies of competing brands. The tool is fantastic for users with a modest budget. It provides insights into suggested bid prices, competition level, and search volume. Users can access 4 years of stored keyword trends.

While the tool is easy and free, there are limitations. It lags on organic keyword data, and there is no room for keyword gap analysis.

3. SpyFu

SpyFu is excellent for PPC and SEO analysis, offering users a sneak peek at rivals’ strategies. It offers over 10 years of historical data to help users identify industry trends. By using metrics like organic clicks and search volume, users can compare rival keywords. It is a cost-effective solution. One drawback of the tool is its somewhat limited regional coverage, as it covers only 14 countries.

Also read:

• • How outsourcing SEO services helps brands establish a strong search engine presence
  • Content-based SEO: Why it’s absolutely crucial to make it engaging
  • What are the skills required for SEO?

Analyzing competitors’ keywords like a pro

When using any competitor keywords research tool, focusing on these aspects will help:

• The focus should be on High-Value Keywords.
• Content alignment with user intent matters.
• Regular strategy update is a must.

Competitor keyword analysis is pivotal to an effective SEO strategy. For the best outcome, it is recommended that you seek the services of professional and reliable SEO service providers. In this regard, one can count on Seosets.com.

The post An Insight into Competitor Keywords for Better Analysis appeared first on PC Tech Magazine.

Muramuzi also revealed that BCC is advancing in renewable energy through its solar division, specializing in solar power design, supply, installation, and power consumables. “We are leveraging solar energy to promote sustainability while offering smart building technologies through our Building Management Systems. This ensures greater efficiency in modern infrastructure,” he said.

He further highlighted BCC’s focus on power systems, including the design, supply, installation, and maintenance of generators, transformers, Uninterrupted Power Supply (UPS) systems, and low-voltage distribution panels. In addition to designing, supplying, maintaining, and repairing these systems to ensure long-term efficiency, BCC also provides reliable and affordable internet services. This approach extends to other power infrastructures, including cables and distribution panels. BCC is also making significant strides in mechanical services, including the installation of heating, ventilation, and air conditioning (HVAC) systems, as well as water management solutions. These services include water treatment, wastewater systems, and advanced distribution networks, all tailored to meet diverse industrial needs.

BCC’s solutions have been adopted across multiple sectors, including government, banking, education, healthcare, and telecommunications, where the demand for secure and efficient systems continues to grow.

“With over 300 active clients, we are driving transformation in critical industries while positioning ourselves as the go-to systems integrator for connectivity, Enterprise IT solutions, Mechanical & Electrical solutions, Automation & IoT amongst others,” noted Muramuzi.

BCC’s comprehensive approach to connectivity and IT solutions is commendable. By integrating connectivity, ICT solutions, mechanical and electrical solutions, IoT, and automation, the company positions itself as a leading systems integrator, playing a pivotal role in Uganda’s infrastructure development. BCC is not only meeting the demands of its clients but also contributing to the country’s broader economic growth.

The post Blue Crane Communications Broadens Horizons with New Industry Ventures appeared first on PC Tech Magazine.

Master the timed finish

The timed finish is a powerful tool to add precision to your FC 25 shots. This technique allows you to place the ball more accurately and with more power.

1. Activate Timed Finish: Go to settings and make sure timed finishing is on.
2. Press Shoot Twice: When you shoot, press the button a second time right before your player contacts the ball. This timing is crucial for success.
3. Watch For The Indicator: When timed finishing is activated, a colored indicator appears. Green means perfect timing, yellow is good, and red is poor. Aim for green or yellow.

Practicing timed finishing will make your shots harder for the keeper to save. Take time in skill games to get comfortable with this. Get some EAFC 25 coins to buy players who are already professional at these shots.

Exploit finesse shots

Finesse shots are best for placing the ball in the top corners. They work well when taken from outside the box or around the edges of the penalty area.

1. Trigger The Shot: Hold down the finesse shot button (R1 or RB) while pressing shoot.
2. Position Yourself: Try taking finesse shots from angles around the edge of the penalty area.
3. Look For The Far Post: Aiming for the far corner can make it harder for the keeper to reach.

These shots can be highly effective, especially with players who have high finesse stats. They’re harder to master but deadly when done right.

Take advantage of crosses and headers

Crossing can be a highly effective way to score goals in FC 25, especially if you have a tall striker. Good positioning and timing are crucial here.

1. Use The Early Cross: Trigger a cross from deep on the flanks by pressing L1 or LB and the cross button. This helps catch defenders off guard.
2. Head It Down: When receiving the cross, aim the header low. Low headers are harder for the keeper to save.
3. Try Double Tapping: Double-tap the cross button for a low cross, which can often slip through the defense more easily.

Crossing requires practice, but once you get the hang of it, it’s a powerful way to get past tight defenses.

Take advantage of skill moves

Skill moves can help create space to shoot, especially in crowded areas. Some moves can fool defenders and open up goal-scoring chances.

1. Practice Basic Skills: Start with simple moves like the step-over, fake shot, or body feint.
2. Use The Scoop Turn: This is great for quick direction changes. Use it by pressing shoot and pass together while moving the stick.
3. Chain Skills Together: Advanced players can chain skill moves to create even more space.

Skill moves are especially useful in 1v1 situations with defenders. Use them wisely and avoid overusing, which can lead to losing possession. You can buy FC 25 Ultimate Team players who already have good skill moves.

Master shot power and placement

FC 25 Shot power and placement are as important as the shot type. Knowing when to blast a shot or place it with less power can increase your chances of scoring.

1. Use More Power For Distance: Shots from outside the box need more power. Hold the shoot button a bit longer when farther from the goal.
2. Less Power Up Close: When closer, don’t overload power. A quick tap can be more effective.
3. Direct Shots To The Corners: Aiming for the bottom or top corners makes it harder for the keeper to reach.

Balancing power and placement will help ensure your shots are on target and challenging to save.

Take quick shots after a skill move

Quick FC 25 shots right after performing a skill move can catch the keeper and defenders off-guard.

1. Use The Fake Shot: This simple move lets you quickly fake a shot and then shoot immediately.
2. Time Your Shot: After completing a skill move, take your shot without hesitation.
3. Position Yourself: Make sure you’re in a spot with a clear angle to the goal before shooting.

Quick shots are all about speed and timing. Practicing them can lead to some very effective scoring opportunities.

Use the first-time shot

The first-time shot allows you to shoot right after receiving a pass. It’s quick, surprising, and often catches the keeper out of position.

1. Pass And Shoot Quickly: As soon as you receive a pass, press the shoot button without controlling the ball.
2. Use In The Box: This is best used within the penalty area, close to the goal.
3. Aim For The Corners: Aiming for a corner increases your chances of scoring.

Practice FC 25 first-time shots to increase your efficiency inside the box.

The post How to Score Goals in FC 25 More Effectively appeared first on PC Tech Magazine.

Patrick Mweheire, Standard Bank Group’s Regional Chief Executive for East Africa said the bank is delighted to welcome Mumba to the Standard Bank Group—in particular, to the Stanbic Bank Uganda team. “His extensive experience in the banking sector and understanding of this market, coupled with his leadership expertise, makes him ideal to lead our business in Uganda,” he said. “The Board is confident that his strategic thinking, business acumen, and passion for excellence will continue to drive growth, innovation, and customer satisfaction.”

Mumba brings to the team nearly 30 years of post-qualification experience, 20 of which have been in the banking sector, mostly in senior leadership roles covering business development, risk management, strategy formulation, and finance strategy in three African markets including Botswana, Zambia, and for the last five years—Uganda.

“I am pleased with the opportunity to embark on this new challenge,” said Mumba. “Together with the other leaders across the organization, I am looking forward to building on the bank’s solid foundation and contributing to the purpose of driving Uganda’s growth, creating even more shared value for all stakeholders.”

Damoni Kitabire, Board Chairman, Stanbic Bank Uganda said the bank has enjoyed a strong growth journey in recent years and they are confident that under Mumba’s leadership, the bank will continue to experience even more success as they execute their commitment to drive Uganda’s growth.

Mumba holds a master’s degree in business administration (MBA) from Herriot Watt University (Scotland) and is a Fellow of the Association of Chartered Certified Accountants (United Kingdom) and the Association of International Certified Professional Accountants (AICPA, UK).

The post Mumba Kenneth Kalifungwa Appointed as New CEO of Stanbic Bank Uganda appeared first on PC Tech Magazine.

Many online games operate on a ‘free-to-play’ model, promising an engaging experience with no upfront cost. However, as children progress in these games, they are often tempted to make in-app purchases to unlock extra benefits and progress faster. These transactions often involve virtual currencies like gems or stars, which must be purchased with real money. This can lead young players to lose track of the financial implications of their gaming.

“In-app purchases are designed to be seamless, making it difficult for children, and sometimes even adults, to resist spending. The excitement of the game, coupled with enticing offers and virtual rewards, can make it easy to overlook the financial consequences,” said van Vlaanderen. “More importantly, these purchases also provide a potential entry point for cybercriminals to exploit personal information.”

Consumer spending on app stores is expected to reach USD$200 billion (approx. UGX735.5 trillion) by 2025 with in-app purchases forming a significant portion of that revenue.

With more young people gaming during school holidays, parents should be aware that cybercriminals may also use online gaming as a platform to access data, which can compromise both the child’s and parents’ personal information. “Whatever screen limits you decide on, kids should not be left unsupervised online, especially during the long year-end holiday period when scammers and criminals are well aware that youngsters are online and prone to boredom,” advises van Vlaanderen.

How cybercriminals use in-app purchases for identity theft

• Phishing and social engineering

Cybercriminals often create fake in-app offers that appear enticing to users. When clicked, these offers can redirect users to fraudulent websites where personal details, including payment information, are collected. This data is then used for identity theft.

• Malicious apps and updates

Fraudulent apps masquerading as legitimate games may collect personal information through hidden malware. “These malicious apps often come with fake reviews and ratings to make them appear credible,” notes van Vlaanderen. “Parents should exercise caution when downloading new games, ensuring that apps are from reputable developers.”

• Exploiting in-app payment systems

During in-app purchases, users are often prompted to enter payment information. If these payment systems are not adequately secured, cybercriminals can intercept the details which are later used for fraudulent purchases elsewhere.

Also read:

• • Your digital hygiene: Are you as clean as you think?
  • OP-ED: Building a robust cybersecurity readiness for Africa’s digital future
  • Strategic cybersecurity paradigms: Technological insights for Finnish online gaming participants

Key strategies to creating a safer digital experience

• Control purchase options

Parents can control in-app purchases by disabling them through device settings. For example:

• • On iOS devices, navigate to Settings > Screen Time > Content & Privacy Restrictions to block in-app purchases.
  • On Android devices, use the “Purchase Approvals” feature in Google Play to manage and approve transactions.
• Monitor subscriptions regularly

Keeping track of subscriptions helps parents spot any unexpected or unauthorized charges.

• Utilise comprehensive security solutions

Security tools like the ESET Parental Control App allow parents to manage in-app purchases, block inappropriate content, and protect children from threats on their devices. The ESET Home Security Ultimate solution also helps secure digital activities by removing metadata from shared images, reducing the risk of personal data being exposed.

Parents should first contact Apple or Google to request a refund if a child makes an unauthorized purchase. Both platforms offer dedicated support for reversing such transactions. Sometimes, the app developer may also need to be contacted to assist with the process. “Explaining that the purchase was made by a child without permission can improve the chances of a refund,” van Vlaanderen adds.

While there are risks associated with in-app purchases, many apps offer great benefits for kids. When used responsibly, digital devices and games can be educational, inspiring, fun, and safer for young people.

The post In-App Purchases Are Compromising Children’s Online Safety and Privacy appeared first on PC Tech Magazine.

“At Double Q, we understand that our customers’ needs are unique and diverse. That’s why we have curated these three models to cater to different industries and applications —from construction to logistics, agriculture to mining, we have a Sinotruk model that is tailored to meet your specific needs,” Richard Musani; Head of Marketing at Double Q told the press during the launch that was held at Double Q head offices in Busega.

Tang Wenjum, Country Manager of Sino Truck International Group in Uganda, highlighted the growing demand for construction and logistics equipment. Uganda’s ambitious construction projects have created a robust need for reliable, high-performance vehicles to support the transportation of materials and equipment. Sino Truck’s new offerings aim to bridge this gap and position itself as a key enabler in the construction and logistics sectors for the country’s evolving infrastructure needs.

Speaking on behalf of the Minister of Works and Transport, Hon. Gen. Katumba Wamala, Kajuna, the Director of Transport in the Ministry of Works and Transport, highlighted this development’s significance for Uganda’s economy and infrastructure. “This occasion reflects the progress the government is making, including partnerships that support the development of Uganda’s transport and construction sectors, which are key drivers of our national agenda,” he said. “The introduction of new models of Sino trucks in Uganda is poised to transform the transport and logistics landscape, creating jobs, boosting local capacity, and contributing to the national economy.”

The new Sino truck models; Howo Max Tractor, Howo NX Cargo, and Howo M7 Light Cargo have been designed with Uganda’s unique terrain and requirements in mind —and they feature reduced emissions and advanced safety features, which align with the country’s national sustainability goals.

Kajuna urged Double Q to place a strong emphasis on vehicle safety and driver training. The emphasis on sustainability and safety aligns with Uganda’s broader goals of modernizing its infrastructure and ensuring the welfare of its citizens. “Vehicle safety is of paramount importance to the government,” he told the press on the sidelines of the launch event, encouraging the company to integrate advanced safety features and provide training clinics for drivers and operators. These efforts, he said, would not only enhance road safety but also help reduce costs for vehicle operators.

The training clinic programs aim to equip drivers and operators with the skills needed to navigate advanced Sino trucks, integrate new technologies, and ensure optimal vehicle use. By fostering education and innovation, Double Q contributes to a safer, more efficient transportation ecosystem in Uganda, heralding a promising future for the sector.

The new Sino trucks, unlike secondhand alternatives, represent a step toward modernization and sustainability. With this venture, Double Q is set to enhance accessibility to quality goods and services while promoting the use of advanced technology in Uganda’s transport sector. The Ministry has encouraged Ugandans to support this initiative by purchasing these products.

• The Howo Max Tractor Truck is a New Generation all-rounder offering Maximum reliability, Efficiency, Safety, and Comfort. It has been designed for heavy-duty applications and boasts a golden powertrain with a powerful MC engine equipped with 430 horsepower, an advanced transmission system, and enhanced safety features. This truck is perfect for long-haul transportation, construction, and mining industries.
• The Howo NX Cargo Truck with Germany Technology is a first choice for cross-border goods transportation is built for versatility and reliability, offering a range of engine options, improved fuel efficiency, and increased payload capacity. This truck features cutting-edge technology from Germany, ensuring unparalleled performance and efficiency.
• The Howo M7 Light Cargo Truck is engineered for comfort and performance, featuring a modern design, advanced safety features, and improved fuel efficiency. This truck is ideal for urban transportation, logistics, and small-scale businesses.

Meanwhile, the event also marked a significant milestone, showcasing Uganda’s commitment to fostering a business-friendly environment that attracts investors and supports economic growth. According to Kajuna, the government has active policies and infrastructure to encourage investments aligning with the country’s broader development objectives. By celebrating such advancements, Uganda underscores its readiness to embrace modern solutions that drive progress.

A key highlight of Double Q’s initiative is the establishment of an assembly plant in Masaka. This development aligns with the government’s emphasis on standard compliance and directly contributes to local job creation and economic empowerment.

Concluding the ceremony, Kajuna reflected on the broader implications of the launch. “The launch of new Sino trucks in Uganda is not just a celebration—it is a celebration of Uganda’s potential for growth and development. Let us continue to work together to build a brighter future for all Ugandans,” he said.

Double Q is the leading and authorized distributor of Sino trucks and XCMG road equipment, as well as spare parts and accessories for heavy machines and trucks in Uganda.

See also: Eng. Dr. Timothy Tibesigwa launches GWM showroom and flagship Tank 500 SUV in Uganda

The post Double Q Launches New Models of Sino Trucks in the Ugandan Market appeared first on PC Tech Magazine.

Some studies indicate the strong link between renewable energy usage and economic growth, indicating that increased use of renewable energy can significantly propel economic performance.

This comprehensive guide explores the challenges businesses face in managing fluctuating energy costs and the innovative tools and strategies they employ to optimize their renewable energy budgets. Additionally, we will emphasize the critical role of technology in monitoring and forecasting energy expenditures.

The economic and environmental motivations behind the shift

As organizations grapple with the dual pressures of reducing carbon footprints and optimizing operational costs, the move toward renewable energy becomes increasingly appealing. Harnessing sustainable energy sources aligns economic growth with environmental stewardship, offering a viable solution for future-ready enterprises.

1. Cost savings

Renewable power sources, like solar and wind, offer substantial operational cost savings compared to traditional fossil fuels. Businesses benefit from government incentives and tax credits that help offset the initial investment in renewable energy infrastructure.

Reducing energy bills over time can have a notable positive impact on a company’s bottom line.

2. Environmental benefits

Adopting renewable energy reduces greenhouse gas emissions significantly, helping mitigate environmental pressures. This move enhances a company’s corporate social responsibility profile and appeals to environmentally conscious consumers.

Furthermore, reducing reliance on fossil fuels contributes to preserving natural resources for future generations.

Challenges in managing fluctuating energy costs

Fluctuating energy costs present notable challenges for businesses aiming to maintain financial stability while embracing renewable resources. Effective management strategies are crucial to navigate these unpredictable expenses.

• Variability of renewable energy sources

Renewable energy production can be highly variable, dependent on weather conditions. Businesses need to invest in energy storage solutions, such as batteries, to store excess energy for use during periods of low production.

Implementing smart grid technologies can also help manage energy distribution more effectively, mitigating the impact of production variability.

• Initial investment costs

The high upfront expenses of renewable energy infrastructure pose a financial challenge for many businesses. Options like green loans, power purchase agreements (PPAs), and leasing arrangements can help spread these costs.

Additionally, government grants and subsidies can alleviate the financial burden of transitioning to renewable energy.

Tools and strategies for optimizing energy budgets

Efficient energy budget management is crucial for businesses embracing renewable resources. Adopting innovative tools and strategies can transform energy challenges into opportunities for savings and sustainability.

1. Energy management systems

Energy management systems (EMS) enable businesses to monitor and control their energy consumption in real time. These systems can locate and identify areas of energy wastage and suggest measures to improve efficiency.

By optimizing energy usage, businesses can reduce costs and enhance their overall operational efficiency.

2. Predictive analytics

Predictive analytics utilize historical information and machine learning algorithms to forecast future energy consumption and costs. These insights enable companies to make better and more informed choices regarding energy procurement and usage.

Additionally, predictive analytics can help find potential risks and opportunities within a company’s energy management strategy.

3. Choosing the right energy plan

Selecting an appropriate energy plan is crucial for effective budget management. Platforms like Rhythm offer tools that allow businesses to compare different Texas power plans and select one that best fits their needs.

Companies can balance cost management with environmental responsibility by choosing the right plan.

The role of technology in monitoring and forecasting energy expenditures

Innovative technologies are transforming how businesses track and predict their energy expenditures. By leveraging advanced tools, companies can enhance efficiency and maintain budgetary control over energy use.

• Internet of Things (IoT)

IoT devices provide detailed insights into energy consumption patterns by monitoring usage at a granular level. Integrating IoT with energy management systems automates energy-saving measures and reduces wastage.

Furthermore, IoT can help identify equipment that consumes excessive energy, highlighting the need for maintenance or replacement.

• Artificial Intelligence (AI)

AI algorithms analyze vast amounts of energy data to identify trends and patterns. Businesses can leverage AI to optimize their energy procurement strategies and reduce costs. AI also plays a hand in predictive maintenance, reducing downtime, and improving the efficiency of energy-consuming equipment.

• Blockchain

Blockchain technology enhances transparency and security in energy transactions. It allows businesses to track their energy source, ensuring it is from renewable sources. Additionally, blockchain facilitates peer-to-peer energy trading, enabling businesses to directly buy and sell excess energy.

Also read:

• • OP-ED: Harnessing artificial intelligence for climate action
  • Uganda Hosted Huawei’s fusionsolar partner summit to promote green energy
  • The ultimate business gas comparison guide: Save big on your energy costs

The future of renewable energy in business

The future of renewable energy in business is promising, driven by technological advancements and increasing regulatory support. Businesses must stay up-to-date on the latest innovations and trends.

Advancements such as improved energy storage solutions and more efficient solar panels will drive renewable energy adoption. Governments worldwide are introducing policies and regulations encouraging businesses to transition to renewable energy, providing additional incentives and support.

Advancements in renewable energy technologies

Technological improvements, such as enhanced energy storage solutions and more efficient solar panels, will continue to drive renewable energy adoption in businesses. These advancements make renewable power more accessible and cost-effective for businesses of all sizes.

• Regulatory support

Governments worldwide are implementing policies and regulations to encourage businesses to adopt renewable energy. These measures include financial incentives, subsidies, and support programs that make it easier for companies to transition to sustainable energy sources.

• Competitive advantage

Businesses that proactively integrate renewable energy and implement effective energy management strategies will be better positioned to thrive sustainably. These companies can gain a significant competitive advantage by decreasing energy costs and minimizing environmental impact.

• Embracing a green horizon

Navigating the shift to renewable energy requires businesses to adopt innovative tools, strategies, and technologies. Integrating renewable energy offers substantial cost savings and aligns with environmental goals, enhancing a company’s corporate social responsibility profile.

By utilizing advanced technologies like IoT, AI, and blockchain, businesses can effectively monitor and forecast their energy expenditures, ensuring a stable and optimized energy budget.

For companies looking to stay ahead in this evolving landscape, it is vital to remain informed about the latest trends and advancements in renewable energy. Adopting renewable energy and implementing robust energy management strategies will contribute to a sustainable future and provide a competitive edge in the market.

See also: 9 impressive benefits of solar panel technology

The post Navigating the Shift: How Businesses Are Managing Renewable Energy Budgets appeared first on PC Tech Magazine.

In 2020, 60% of Africa’s population was under 25 and its tech-savvy youth population is set to double by 2030, making up 42% of the world’s youth. This represents a significant opportunity to expand Africa’s tech talent pool, create broad-based jobs within the AI industry, and drive economic growth.

Africa’s AI ecosystem is home to more than 127 hubs with South Africa hosting the largest concentration (22%), followed by Nigeria (12%), Egypt (12%), and Kenya (10%) all of which play instrumental roles in overcoming barriers and accelerating economic and talent development.

The report highlights six components of a cluster driving AI innovations in Africa: grassroots AI communities, academia, human capital, policymakers, Big Tech, and investors. Among them, grassroots AI communities comprising data scientists and AI professionals have emerged as a strong nucleus for Africa’s AI landscape. Groups like Data Science Africa, Deep Learning Indaba, and Data Science Nigeria are shaping the future by building skills, showcasing African AI research globally, attracting investments, and creating jobs. The communities bring people and ideas together, connecting local talent with global opportunities, from international events to everyday WhatsApp chats, sparking growth and innovation across the continent.

Using qualitative and quantitative methods to uncover key insights, it is assessed that while the grassroots initiatives remain critical in bridging the continent’s AI skills gap, offering upskilling opportunities and job placements, limited resources constrain their potential. This highlights a collective drive by all components of innovation clusters is essential to advance a thriving ecosystem.

To achieve this, the report offers the following recommendations:

• Academia should expand AI programs, train more professors, and align university curricula with industry needs.
• Policymakers and African governments should develop comprehensive national AI strategies that balance innovation with ethical safeguards.
• The government should also prioritize infrastructure development such as reliable electricity, affordable internet, and better data access to support AI growth.
• Big Tech should foster fair partnerships that empower local ecosystems, prioritize knowledge transfer, and protect data sovereignty.
• Investors should diversify funding beyond health and agriculture to unlock AI’s potential in other critical sectors including education and financial inclusion.
• Donors should invest heavily in human capital development initiatives, particularly those focused on youth employment. They fund training programs, scholarships, and fellowships that aim to build a pipeline of skilled AI professionals.

Commenting on the report, Abbie Phatty-Jobe, Research and Engagement Manager at Caribou Digital, said AI harnessed collaboratively has the power to positively shape the African employment landscape and boost the economy.

“In collaboration with our research partners, we have explored emerging clusters within the distinct context of Africa to address critical challenges and accelerate development; their success depends on a collective strategic approach that tackles inclusivity and targeted investment in local talent and infrastructure,” Phatty-Jobe explained in a press statement. “By empowering grassroots communities, strengthening academia-industry ties, and fostering equitable partnerships, we can build an AI ecosystem that truly reflects Africa’s unique strengths and aspirations.”

Speaking about the key role of grassroots communities in driving innovations, Wadzi Comfort a researcher and digital economy expert, noted that the emergent AI innovation clusters across Africa showcase remarkable ingenuity and potential in the face of scarce resources.

“Tech-savvy, motivated young people; —our greatest asset emerging from Africa’s youth population boom; are spearheading local AI-powered solutions to address local challenges, demonstrating exceptional agency and creativity,” said Wadzi. “These innovations span a wide spectrum, including AI-powered diagnostic tools, Informal educational academies, Large Language Models (LLMs) in local languages, community-driven knowledge-sharing platforms, and collaborative tech convenings.”

Wadzi further says youth-driven initiatives and their innovators merit substantial support and resources to accompany their agency and foster their growth and impact.

Private investors, African governments, and donors not only provide crucial financial resources but also shape the direction of innovation by prioritizing specific areas of investment. Venture capital for DeepTech startups has soared from USD$86 million (approx. UGX315.33 billion) in 2015 to USD$1.2 billion in 2023, with over 300 investors—65% based in Africa—and 127 innovation hubs driving growth.

Key government initiatives, like Nigeria’s AI Research Scheme and South Africa’s AI Institute, alongside philanthropic support from the Mastercard Foundation and Bill & Melinda Gates Foundation, will keep creating an environment that addresses local challenges, drives innovation, and positions Africa at the forefront of AI technology.

The report employs the snowball research method to conduct in-depth interviews with 25 African AI experts, including policymakers, educators, and industry leaders, uncovering the state, challenges, and opportunities for AI innovation clusters. It also highlights insights from 18 young tech professionals involved in AI or tech fields from Zindi, Africa’s largest data science community, on their skills, job prospects, challenges, and AI’s impact on employment. Additionally, the report includes a comprehensive review of academic studies, policy documents, and reports on AI, innovation clusters, and youth employment across Africa.

Editor’s Note: To download the full report (HERE).

The post Report: AI Insights For Addressing Youth Unemployment and Empowering Africa’s Workforce appeared first on PC Tech Magazine.

Held at the Cape Town International Convention Centre, the summit was organized by TotalEnergies in partnership with AWS Startups, Technology Innovation Agency, GIZ SAIS, ESquared Investments, Wesgro, and The City of Cape Town.

Alderman James Voss, Mayoral Committee Member for Economic Growth in the City of Cape Town expressed his delight at being present at the event, describing Cape Town as South Africa’s leading tech ecosystem and he highlighted the importance of ensuring innovation and investment opportunities meet through catalytic partnerships that promote unique African designed solutions geared at solving world problems.

During his welcome address, Viarnaud acknowledged that the last two years have been tough for both founders and investors navigating the funding winter while they focus on solving complex problems. He reminded investors, startup founders, and ecosystem builders in the room that a downturn in the economy is a good time to invest, especially when it comes to investing in the African tech asset class. He said;

Now is the time to invest, Africa is not waiting for the future, we are shaping it.

Viarnaud reflected on the early days of AfricArena in 2017 when only about USD$300 million (approx. UGX1.097 trillion) in funding was flowing into the African continent; he highlighted the remarkable growth, noting that venture capital funding has now surpassed $2 billion this year.

His message to founders, investors, ecosystem organizations and government is that we must, “Believe we will prevail as an African tech ecosystem for if we believe we can build better, aim higher, think big and don’t go home, the investors will follow us because if we are long on this asset class, this asset class will ultimately lead.”

Over 100 startups from 31 African countries, including the TotalEnergies Startupper Challenge winners attended the summit and 45 were selected to pitch their ventures. Nine (9) out of the 45 startups emerged as winners among Africa’s best tech startups in their respective categories —and each won USD$25,000 (approx. UGX91.5 million) in AWS Activate credits.

The AfricArena Grand Summit winners were:

1. Best AI and Deep Tech Startup Award: OkHi (Nigeria).
2. Best Agri Tech Startup Award: Djoli (Ivory Coast).
3. Best Fintech Startup Award: Joro Cash (Morocco).
4. Best Climate Tech Startup Award: Gjenge Makers (Kenya).
5. Best SaaS Startup Award: Cynoia (Tunisia).
6. Best Seed Startup Award: Letsoela Agro-Aviation (Lesotho).
7. Best Startupper Award: Anda (Angola).
8. Most Value Add Investor Award: Knife Capital.
9. Most Promising Entrepreneur: Gael Egbidi (Togo).

Roger Norton, Chief Product Officer at OkHi was thrilled his startup won the Best AI and Deep Tech Startup Award in Africa. “We do address verification in an unsexy, regulated environment, and winning the top AI startup award is great validation that you can apply cutting-edge technology in typically slow-moving sectors.” He added, “Particularly to help accelerate digital transformation and enable economic agency for even the most disadvantaged communities.”

Solimi co-founder and CEO Gael Egbid was overwhelmed with her win. “I feel very proud and happy—this is huge for me, my country, and my company,” she said. “Being recognized as the Most Promising Entrepreneur means a lot because it highlights the innovation coming from Togo here in South Africa, where we have so many amazing startups. I want to thank AfricArena, my country, and my company for this incredible honor.”

Stunned at winning the best investor pitch, Ayanda Bolani, an Investor Associate at Knife Capital accepted the Most Value Add Investor Award on behalf of Knife Capital. “This is a very beautiful moment of recognition,” said Bolani.

Keet van Zyl, co-founder, and partner at Knife Capital, shared the significance of winning the Most Value Add Investor Award, highlighting Knife Capital’s commitment to supporting their portfolio companies beyond just providing capital. He emphasized that focusing on not only funding but also providing companies with networks helps to add strategic value and validates Knife Capital’s approach to attract quality companies seeking investors who contribute more than just funding.

Van Zyl also noted the pride in having team members represent the firm, reflecting its growth and evolution.

Knife Capital continues to play a key role in Africa’s tech and investment landscape, including the USD$50 million (approx. UGX182.87 billion) African Series B expansion fund, Knife Fund III, aimed at bridging funding gaps for scalable South African B2B tech companies.

Recognitions like this award reinforce Knife Capital’s leadership in supporting innovation-driven businesses across the continent.

AfricArena has established itself as a leading platform dedicated to creating market access and fostering investment opportunities for a growing community of tech founders, angel investors, corporate innovators, and venture capitalists. Designed with a digital-first mindset, AfricArena operates through a series of high-impact investment deal flow events, tailored interventions, and an open-source platform that champions the principles of open innovation and entrepreneurship.

In just eight years since its launch, they have earned significant credibility within the global tech startup ecosystem, with alumni startups collectively raising over USD$850 million (approx. UGX3.108 trillion) in funding.

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