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GITEX Africa Keynote: Generative Artificial Intelligence (AI): Reinventing the way work

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Saad Toma

The future of work is here! IBM MEA General Manager, Saad Toma, in his keynote at GITEX explored how generative AI is reinventing the way we work, and gives his insights on AI adoption on the continent and discussed watsonx & real-world success stories

JOHANNESBURG, South Africa, June 6, 2024/APO Group/ — 

After capturing the public’s imagination in 2022, generative Artificial Intelligence (gen AI) began to permeate the business landscape in 2023. 2024 remains a crucial year for the future of AI, with researchers and organizations pushing the boundaries by developing new algorithms and models to tackle increasingly complex tasks. 

A recent IBM report found that three out of four (75%) global CEOs believe that the organization with the most advanced gen AI will have the ultimate advantage. Moreover, 43% of CEOs said they will use gen AI to inform strategic decisions. Companies worldwide are recognizing the benefits of gen AI and its crucial role in their success. This is driving a new era of work, productivity and opportunities across industries. AI is projected to enhance human productivity and unlock an astounding $16 trillion (https://apo-opa.co/4c8KytI) in value by 2030. In perspective, the fifth largest economy by gross domestic product (GDP) in 2023 was about $3.7 trillion. When combined with automation technology, gen AI can help clients improve interactions with customers and partners, as well as boost operational efficiency and productivity.  

Slow but steady AI adoption in Africa

This is not just a global phenomenon; half of the African CEOs surveyed in our IBM report (https://apo-opa.co/3yOCZdH) expect to realise significant value from advanced AI and analytics. However, adopting AI is not without its obstacles. Many businesses on the continent and beyond are grappling with a multitude of challenges. Globally, 82% of IT professionals say IT complexity is impeding success in deploying AI, while 55% of business leaders (https://apo-opa.co/3yLNA93) lack key information regarding their technology spending decisions. In Africa, many organizations face barriers such as costs, market and regulatory factors, workforce readiness, infrastructure, skills gap, ethics and governance. 

Become an AI-first organization to stay ahead

To overcome these challenges, organizations must move to an AI-first approach, where AI is integrated into their business strategy across the lifecycle. Being AI-first enables businesses to be value-creators rather than solely value users. Companies that will lead their respective industries for the next decade or two will be the ones that decide to be AI-first. That is why we launched watsonx (https://apo-opa.co/4catrIm) in 2023 to develop trusted AI and drive innovation for organizations in every sector or industry. Building an open-source AI community is a core part of our AI strategy. At our recent THINK conference, we further enhanced watsonx’s data and automation capabilities to make it more open, cost-effective, and flexible for businesses.  We achieved this by releasing a family of IBM Granite code models to the open-source community. We launched InstructLab (https://apo-opa.co/4catsfo) with Red Hat, to enhance large language models and open the doors for those with minimal machine learning experience to contribute. We also announced IBM Concert (https://apo-opa.co/4cattQu) that uses AI-powered automation to help businesses to discover gaps, prioritize insights, reduce complexity and streamline operations for more innovation and cost-effectiveness.

Putting IBM AI solutions and watsonx to work across industries

Since the launch of watsonx, we have over 700 client pilots running and managing over 1,200 AI models globally. We have also increased the accessibility of watsonx by making it available (https://apo-opa.co/3XbtlvD) on AWS Marketplace, reaching 92 countries worldwide, including 18 in Africa. To name a few examples, we are leveraging watsonx’s geospatial foundation model built from NASA’s satellite data to ensure climate resilience with the Government of Kenya (https://apo-opa.co/4c76YvI) watsonx is enabling local scientists to track and visualize tree-planting activities to assist the government’s goal of planting 15 billion trees by 2032. Working with Neostream Technology, an IBM business partner based in Kenya, we successfully deployed and integrated IBM Instana with M-GAS – a premium provider of liquefied petroleum gas in the country. The deployment of Instana has provided real-time monitoring and visibility. This has empowered M-GAS to track critical business applications with granular application-level insights. This has empowered M-GAS to address issues across all layers of their technology stack that previously could not be delivered by traditional monitoring tools. Lastly, Instana’s intuitive interfaces and customizable dashboards have offered rapid issue identification and resolution, fostering team collaboration, minimizing downtime, and enabling M-GAS to intervene proactively to ensure uninterrupted gas supply to their customers.

In the Middle East, we partnered with the Saudi Data and Artificial Intelligence Authority to launch an open-source Arabic Large Language Model, ALLaM on watsonx (https://apo-opa.co/4catuUy).  This has enabled the deployment of Arabic gen AI models, which opens the possibility of building AI models for Africa using the continent’s rich and diverse languages. Globally, working with Transport for London (https://apo-opa.co/3XebtAe), we deployed IBM Maximo to assist in managing the day-to-day maintenance efforts for more than 10,000 internal technicians within the London Underground. Above ground, the software enables the tracking, support and oversight of numerous contractors – helping extend existing equipment’s life and keeping commuters happy.

Across the world, organizations are leveraging IBM’s AI business solutions to solve business challenges. Their use cases range from banking and financial services, energy, telecommunications, climate change and sustainability, customer services and entertainment to name a few.

The right partnerships and governance are key

The adoption of gen AI is accelerating across enterprises as organizations aim to gain a competitive edge and unlock new opportunities. To achieve this, organizations need to have a robust AI strategy and the right level of investment. They also need to establish and implement clear and consistent standards or guardrails concerning the utilisation of AI across all strategic focus areas. Most importantly, they need the right partner who understands the overall business objective and how to overcome barriers preventing AI adoption. Such collaborative partnerships are critical for developing robust data and AI strategies, filling the skills gaps, and guiding the organizational change necessary for successful AI adoption.

Distributed by APO Group on behalf of GITEX Africa.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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IsDBI

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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