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Johannesburg Prepares for Digital Finance Africa 2022

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Does the Pandemic’s Impact in East Africa Demand Accelerated Digital Transformation?

Image sourced from US News. The COVID-19 pandemic has had a severe socio-economic impact in East Africa. While the region has escaped the worst of the health impact – infection and mortality rates are comparatively low next to those of Europe – the impact on businesses, communities and households has been devastating. With the exception of Kenya, Tanzania and Djibouti, countries in the region experienced negative real GDP growth in 2020, although all countries (with the exception of Sudan) are forecast to record positive growth this year. Traditional foreign exchange revenue sectors such as international tourism have all but disappeared. Data from the UN indicate that tourism numbers declined by 91% in Kenya: in August 2019, the country received 162,000 tourist visitors. By August 2020, th...

What East Africa could Teach the Continent about Economic Growth

The 21st century is widely touted as the ‘African Century’, a period promising unprecedented economic and technological growth for the continent. Africa’s future looks bright. The continent features five of the ten fastest-growing economies in the world. Its population is the most youthful, with 60% of all African citizens under the age of 25. And the world’s largest free trade area in terms of participating countries, the African Continental Free Trade Area, is now active and expected to boost intra-African trade by as much as 52% by 2022. With Africa’s fortunes continuing to improve, one region stands out as a possible example to the rest of the continent. As the world starts its slow recovery from a year of constant disruption and immense challenges, a closer look at the continued econo...

SAP Appoints New Regional President of Africa

Image sourced from BCTech Report SAP has appointed Claudio Muruzabal as the new President for the EMEA south region that comprises of Southern Europe, the Middle East and Africa – he replaces Steve Tzikakis. Prior to joining SAP, Muruzabal was CEO of NEORIS, a global management and IT consulting business. As a visionary in the role of technology-driven innovation in business, he has enjoyed great success in SAP’s Latin America region which he joined in 2015 as President of SAP Latin America and the Caribbean. A strong advocate of education, entrepreneurship and the promotion of diversity, Muruzabal has been recognized as one of the HITEC Top 50 Most Influential and Notable Hispanic Professionals in the IT Industry in Latin America and Spain and in 2019. /* custom css */ .tdi_3_495.td-a-rec...

4 Ways SAP is Tackling Supply Chain and Industry Challenges

Sourced from Shutterstock. As companies all over the world face unprecedented challenges, they are turning to technologies that provide reliable insights to help them better support their employees, customers and suppliers. Stepping up to fulfil these needs, SAP has announced that it will help companies improve supply chain and industry-specific processes, connect through the business network and embed sustainability as a critical measure of business success. “In uncertain times, companies need a trusted partner to help them make confident decisions to enhance agility and resiliency during and beyond the current COVID-19 crisis,” says Thomas Saueressig, member of the Executive Board of SAP SE for SAP Product Engineering. “In today’s hyperconnected world, it’s even more important for busine...

How Will AI Reshape Leadership Practices in a Post-COVID-19 Economy?

Sourced from Shutterstock. Advances in artificial intelligence (AI) are accelerating at an unprecedented pace. Today, business leaders are able to augment their decision-making and problem-solving capabilities through a myriad of capabilities powered by AI. With a continued rise in the adoption of Industry 4.0 technologies such as the Internet of Things (IoT), Analytics, Machine Learning and Big Data, organisations have access to many data sources across their entire ecosystem, which previously was not always available to them. The tools to digitise analogue data sources and then mine and analyse them for insights are becoming more powerful. Organisational leaders in both developing and developed economies now have access to world-class AI-powered systems, that are able to significantly en...