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.

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.

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.

The post Nine Startups Among Africa’s Best Recognized at AfricArena Grand Summit appeared first on PC Tech Magazine.

Harnessing the power of AI in recruitment

In today’s digital recruitment landscape, many companies use advanced technology to streamline their hiring process. When you apply for a position and submit your CV with AI filtering, the information you provide is processed through a machine learning algorithm. Artificial Intelligence performs tasks like manually reviewing hundreds of resumes in mere seconds, sifting through candidates, and identifying potential matches based on data points. It saves valuable time and increases efficiency, allowing HR reps to focus on more critical aspects of recruiting.

Redefining talent acquisition

AI is reshaping how recruiters discover and engage with potential job candidates. Traditional recruitment involved a significant amount of time and effort scanning through countless resumes and profiles. AI-based sourcing tools, however, help recruiters tap into a broad talent pool by finding the right candidates within minutes. These tools build candidate profiles, score them based on their qualifications, and rank them according to relevancy. Additionally, AI enhances the candidate experience by enabling swift responses to queries and maintaining ongoing communication.

Reducing hiring bias

One critical challenge in recruitment is eliminating unconscious bias. AI helps address this issue by ensuring an objective evaluation of candidates. It eliminates the potential influence of factors like race, age, or gender that could sway a decision unfairly. By evaluating candidates solely on their qualifications and skills, AI leads to a more diverse workforce that accurately represents today’s multicultural society.

Improving retention rates

Artificial Intelligence isn’t only transforming how organizations recruit, but also how they retain talent. AI analytics help predict employee behaviors and identify factors that could trigger their departure. Consequently, employers can develop and implement retention strategies to ensure they maintain a satisfied and successful workforce.

Also read:

• • How AI contract review helps you identify key contract clauses
  • AI is unpredictable and the destruction is going to be big in fintech — Dave Birch
  • Transforming education with AI transcription

Impact on job seekers

AI isn’t just revolutionizing the employer’s role in recruitment. It assists job seekers with finding roles more suited to their skills and potential. Automated job match systems suggest roles based on the seeker’s experience, background, and preferences. Additionally, AI-driven interview platforms allow job seekers to virtually showcase their skills, enabling a flexible and time-efficient interview process.

Preparing for the AI era

With AI holding such immense potential, it’s crucial to understand how to navigate this new landscape. Employers should start with developing knowledge of AI tools and platforms that can streamline their recruitment process. Conducting studies to determine the impacts of AI on recruitment efficiency and bias reduction is beneficial.

Job seekers, on the other hand, should acknowledge that they’re not interacting merely with human recruiters. They must optimize their resumes for algorithms, focusing on keywords relevant to the job. Engaging actively with AI, such as chatbots, during the job application process can also be advantageous.

The future of AI in recruitment

As we move further into the digital age, the utilization of AI in recruitment will only increase. The technology is set to continually evolve and make the hiring process more efficient and fair. Things like pre-screening video interviews using set questions and automated responses will be more common. AI chatbots may even replace initial human interaction in vetting job applicants.

In an economy where talent is a fundamental asset, AI is a game-changer. Both employers and job seekers benefit from its objective, rapid, and effective processes. However, constant vigilance is crucial in managing the potentially intrusive effects of AI, ensuring its ethical and responsible use in recruitment.

In conclusion, technology is rapidly redefining the field of recruitment, with AI at the forefront. Leveraging these powerful tools can spur companies’ progression, aid in acquiring the right talent, and ultimately, foster growth. To job seekers, AI offers an innovative, efficient navigation in their quest for the perfect job fit. As the role of AI in recruitment continues to grow, it’s clear we’re only at the starting point of what promises to be an exciting journey.

The post The Role of AI in Transforming Recruitment: What Employers and Job Seekers Need to Know appeared first on PC Tech Magazine.

Here are five essential tips to help you make a more well-informed decision when purchasing a used vehicle in Dubai.

1. Identify your budget and financial limit: Dubai boasts a wide range of vehicles for all budgets and that is exactly why specifying your budget is necessary. It won’t be very smart if you end up in a financial crisis after purchasing a vehicle. Moreover, while defining your budget, you should also consider other things like insurance, registration fees, and maintenance as they all add up as the long-term cost of ownership.
2. Research reliable car models: The UAE has extremely harsh temperatures especially during the day and not all vehicles can withstand the heat. Before buying a car in the UAE, it is important to research reliable car models that are already tested and trusted for their durability. Besides there are Used BMW Dubai cars that are known to have a higher resale value than others such as Toyota, Nissan, and Honda. You should also consider how easy it is to maintain the vehicle here and go with models with easily available spare parts.
3. Inspect it thoroughly: Whether you are buying the car from a marketplace or private dealership, making the payment before inspection is simply out of the question. Check the outside and look for dents, scratches, and signs of repainting which may show that there has been a major accident by the previous owner. Also, check the interior for any tears in the seats and stains. Observe the general condition of the dashboard, as well as the infotainment features. You may hire a professional mechanic to help you during the inspection to uncover hidden problems that might be oblivious to you.
4. Verify the vehicle’s history: The reason for checking the vehicle’s history is to look out for potential red flags such as major accidents, outstanding loans, or odometer tampering. To verify the vehicle’s background. You can either request this from the seller or check the service records and review maintenance logs. Lastly, don’t forget to confirm the ownership details and make sure that the seller has a valid ownership certificate and hence is free from any outstanding payment.
5. Negotiate smartly: Price negotiation is also a standard part involved in the buying process so don’t allow yourself to be intimidated when trying to negotiate. Make sure you understand the current market value and start your negotiation around that price. Also, keep in mind if there are any minor issues with the vehicle, you can use that as an advantage to bring down the price even further.

Therefore, buying a car involves careful planning and thorough considerations otherwise you could end up running at a loss. If you are planning to use the vehicle in the UAE, go for cars with high resale value because there is a good chance that you will eventually sell off the vehicle either for an upgrade or when leaving the city. Follow these five tips explained above to enjoy all the benefits of a used car and avoid potential pitfalls

The post 5 Tips For Buying A Used Car In The UAE appeared first on PC Tech Magazine.

Legal Notice No. 21 of 2024 under the Tier 4 Microfinance Institutions and Money Lenders Act, Cap 61 issued by Finance, Planning and Economic Development Minister Matia Kasaija, recently capped the maximum interest rates money lenders can charge at 2.8% per month or 33.6%.

Economists and the business community have all warned that the capped rates will discourage money lenders from conducting their regular business activities as they secure long-term capital based on prevailing free-market rates. Various economists further raised concerns that some money lending activities could go underground, creating higher risks for borrowers —the opposite of what the government intended to achieve.

“MLAU involves ethical money lenders who have an interest in safeguarding Uganda’s financial systems through ethical credit services to borrowers,” Jonan Kandwanaho, Chair of the Money Lenders Association of Uganda, said during a press briefing at Kingdom Kampala. “This time around, especially as a direct result of this new policy capping rates being introduced at such short notice, the economy is going to tell a different story.”

He added, “The effect will also be felt by the government because the constricted activity will lead to fewer taxes being paid.”

MLAU plays a crucial role in lubricating the gears of Uganda’s economy, particularly in sectors where traditional banking services may be limited or inaccessible. Its members serve as a vital lifeline for small businesses, market vendors, and entrepreneurs who rely on short-term loans to purchase inventory, bridge cash flow gaps, or seize time-sensitive business opportunities.

The Uganda Microfinance Regulatory Authority (UMRA) reports as of September 2023, 1,302 licensed money lenders had extended loans to about 2.5 Million customers, with an outstanding portfolio of UGX1.2 trillion. This substantial figure underscores the sector’s significant contribution to economic activity.

Money lenders often provide the necessary capital for farmers to buy seeds and fertilizers, shopkeepers to stock, and transport operators to maintain their vehicles, to mention but a few —all essential activities that keep the wheels of commerce turning. Moreover, by offering financial services to those who might otherwise be excluded from the formal banking sector, MLAU members contribute to financial inclusion, which is a key driver of economic growth and poverty reduction.

MLAU’s ability to process loans quickly and with flexible terms means that it can respond rapidly to the dynamic needs of Uganda’s vibrant informal sector, which forms the backbone of the country’s economy.

“As we hold these discussions we should also recognize the concerns that led us to this point, and we are willing to work with the regulators to address this,” noted Kandwanaho. “We know that there are individuals within our sector whose practices may not align with the highest standards of ethical lending. We are committed to improving the overall integrity of our industry, working with all stakeholders.”

The Money Lenders Association of Uganda believes that through constructive dialogue and cooperation with regulatory bodies and the government, they can address all concerns, improve industry standards, and continue to serve Ugandans responsibly to safeguard the country’s financial future.

The post MLAU Urges Government and Economists to Reconsider Lending Rate Caps appeared first on PC Tech Magazine.

Runway to Web Summit events support local tech communities ahead of Web Summit events, fostering innovation and growth. The latest gathering brought together Web Summit founder and CEO Paddy Cosgrave, along with QDB CEO Abdulrahman Hesham Al-Sowaidi, to discuss the future of tech and its impact on Qatar’s ecosystem. They were joined by local Qatar-based startups SkipCash (mobile payment platform), Adeer (AI business management solution), Wqtah (platform for booking local experiences), and Kafy (food-tech) who shared their latest innovations and future plans.

Speaking at the event, Web Summit CEO, Paddy Cosgrave highlighted the potential of Web Summit Qatar 2025. “We are delighted to be in Doha today, alongside some incredible local Qatari startups showcasing the immense talent and potential of this region—which is truly exciting. It’s great to see some of last year’s participants returning as partners for this year’s event,” said Cosgrave. “We’re also thrilled to be here with Qatar Development Bank, who have been such a key part in growing Qatar’s startup ecosystem by offering support and resources that entrepreneurs need.” He added;

Honestly, we can’t wait for Web Summit Qatar 2025.

In 2024, Web Summit Qatar showcased the potential of Qatar’s entrepreneurial ecosystem, a foundation 2025 is set to amplify. “The success of Web Summit Qatar 2024 highlights Qatar’s role as a global hub for innovation and entrepreneurship, showcasing exceptional talent and opportunities across the Middle East, Asia, and Africa,” said Sheikh Jassim bin Mansour bin Jabor Al Thani, Director of the
Government Communications Office and Chairman of the Permanent Web Summit Organising Committee.

“As one of the fastest-growing events in the region, Web Summit Qatar attracts increasing global attention, underscoring its significance as a platform for innovation and collaboration. Building on this momentum, the 2025 edition will foster deeper partnerships, empower more startups, and drive greater progress in the tech and innovation sectors,” he added.

During the February event, Qatar Development Bank (QDB) unveiled its latest Startup Qatar Investment Programme under the Startup Qatar platform, aimed at supporting tech startups in establishing or expanding operations in Qatar. The event marked the signing of 24 Memoranda of Understanding, fostering strategic partnerships to advance the country’s tech ecosystem.

At the Runway to Web Summit gathering in Doha today, QDB CEO Abdulrahman Hesham Al-Sowaidi emphasized Web Summit’s role in driving innovation and collaboration, reinforcing Qatar’s position as a global leader in the tech and startup sectors.

“Web Summit Qatar represents a powerful testament to Qatar’s emergence as a global innovation hub. When thousands of startups from around the globe converge here and express interest in our ecosystem, it signals something truly transformative,” said Al-Sowaid. “We’ve successfully created an environment where innovation thrives, where government support meets entrepreneurial spirit, and where great ideas find the resources to become global solutions.”

Al-Sowaid continued, “Qatar today stands as a launch pad for innovation, connecting visionary entrepreneurs with unprecedented opportunities. Through platforms like Web Summit, we’re actively shaping the future of global innovation and establishing Qatar as the natural home for transformative ideas in the region and beyond.”

The latest Runway to Web Summit gathering in Qatar also spotlighted the contributions of Qatari startups through a panel where founders shared their journeys, challenges, and goals.

After attending as startups at the inaugural Web Summit Qatar in 2024, SkipCash, a QR-based mobile payment app, and Wqtah, a platform for booking local experiences, are returning as partners for the 2025 event. Both shared how participating in last year’s event influenced their development and prepared them for future opportunities.

Web Summit Qatar 2025 is set for February 23–26.

The post Honestly, We Can’t Wait for Web Summit Qatar 2025 — Paddy Cosgrave appeared first on PC Tech Magazine.