Connect with us

Business

GITEX GLOBAL Weighs in on Sustainability, E-government, Smart Homes and Future of Computing on Day 4

Published

on

GITEX GLOBAL

GITEX GLOBAL facilitates the biggest public-private partnership projects, with 250 government entities looking to collaborate on e-government and digital government initiatives

DUBAI, United Arab Emirates, October 19, 2023/APO Group/ — 

The UAE has established a Circular Economy Committee to promote investments in circularity and adopt circular economy practices. Quantum computers’ calculation ability can transform multiple industries, from cybersecurity, telecommunications, and healthcare, to mobility, finance and defence.

Last year, the UAE announced the “UAE Net Zero by 2050 Strategic Initiative”, a national drive to achieve net-zero emissions by 2050, making the Emirates the first Middle East and North African nation to do so. At GITEX GLOBAL 2023, Faisal Ali Rashid, Senior Director, Energy Demand Side Management, UAE’s Dubai Supreme Council of Energy, highlighted the successes in executing this mission.

Rashid said the UAE is transitioning from a linear to a circular economy. As part of this transition, the Emirates has established a Circular Economy Committee comprising public and private sector members to promote investments in circularity and accelerate the adoption of circular economy practices.

Reimagining Public Services in the Digital Age

GITEX GLOBAL facilitates the biggest public-private partnership projects, with 250 government entities looking to collaborate on e-government and digital government initiatives. The Smart Government market was estimated (https://apo-opa.info/3Maogxj) to be worth nearly $30 billion in 2022, with an anticipated value of $110 billion by 2029 at a 21 percent annual growth rate.

In a session titled “Reimagining government in the digital age: Transforming public services for the future”, Lord McNicol, Member of the House of Lords, UK Parliament, was joined by other panellists, including Alby Bocanegra, Founder and Former CTO of NYC, The Urban Futurist, Kristina Ishmael, Deputy Director, Office of Educational Technology, U.S. Department of Education and Mikko Rusama, Former Chief Digital Officer at the City of Helsinki.

They spoke on the role of digital technologies in transforming public services for the future and emphasized the need for a proactive, data-centric approach to public service provision. The panellists highlighted the benefits of Open Data policies which allow organisations to collect data, monitor it, and make well-informed decisions on the services they provide and how they work for the citizens.

Quantum Computing Heralds new Age of Productivity

Integrating AI and quantum computing into hybrid cloud workflows is heralding a new frontier in digital transformation. Headline exhibitors at GITEX GLOBAL 2023, including IBM, Dell Technologies, Microsoft, AWS, HPE and Canadian-based startup Xanadu, say quantum computing – an area of computer science that uses qubits (quantum bits) instead of classical computing bits, delivering huge leaps in processing power – can address the world’s biggest problems.

While still in development, quantum computers’ mind-boggling calculation ability can transform multiple industries, from cybersecurity, telecommunications, and healthcare, to mobility, finance and defence. Boston Consulting Group, a management consultancy, estimates quantum computers could improve operating income of their users by between $450 billion and $850 billion a year by 2050.

The events converge the best minds and most visionary companies to scrutinise, challenge, define, and empower the digital agendas of the world

Mohammed Amin, Senior Vice President at Dell Technologies for Central Eastern Europe, Middle East, Turkey, and Africa, said to fully capitalise on this transformative technology, businesses must invest in quantum computing and empower their data. “By piloting quantum computing and integrating it strategically into their operations, businesses can stay at the forefront of technological progress and seize the unparalleled opportunities it presents in propelling innovation and advancing processes,” he added.

Peter Oganesean, the Managing Director of HP Middle East, said recent advances in quantum computing, along with its increased accessibility, will have significant implications in sectors such as cybersecurity, medicine, finance, and many more. “Representing the next breakthrough in IT, this technology holds the promise of finding answers to some of our most pressing scientific challenges, such as genome profiling and finding treatments for disease at incredible speeds,” he added.

Xanadu Founder and CEO Christian Weedbrook Weedbrook said that the company is working with car brands such as BMW and Volkswagen on quantum chemistry to develop the next generation of EV batteries. He estimates quantum computing will be, in the next couple of years, where ChatGPT is today in investment and interest. “It really will change the world and I am looking forward to being part of that,” he stated.

To demonstrate its technical capability, Xanadu’s quantum computer Borealis went head-to-head last year with Japanese Fugaku, the world’s fastest supercomputer, to solve a complex mathematical formula. It would have taken Fugaku 7 million years to solve this problem. Borealis cracked the same problem in two minutes.

The Connected Home of the Future at Your Fingertip

In collaboration with etisalat by e&, Samsung introduced the Family Hub Refrigerator on the fourth day of GITEX GLOBAL. Its “View Inside” internal camera lets users view the fridge’s contents via smartphones, check food item expiration dates, and purchase groceries directly from the Etisalat Smile grocery platform. Additionally, it seamlessly connects and controls smart devices in users’ homes, serving as a central hub.

At the launch, Burcin Arabul, Director of the Home Appliances Division at Samsung Gulf Electronics, highlighted how the smart fridge elevates the experience for UAE families. “We are excited to partner with Etisalat for GITEX GLOBAL and launch our Family Hub refrigerator at the event. Embracing GITEX’s theme of ‘Imagining AI in everything,’ the Family Hub showcases the future of connected homes and heralds a new era of smart connectivity,” she added.

The 43rd edition of GITEX GLOBAL (www.GITEX.com) takes place from October 16-20, 2023, the blockbuster tech showpiece once again reaching full capacity at the Dubai World Trade Centre as it hosts more than 6,000 exhibitors. GITEX GLOBAL and Expand North Star comprise a combined 41 halls spanning 2.7 million sq. ft of exhibition space, a 40% growth year-on-year with 1,800 startups across Expand North Star and GITEX GLOBAL. The events converge the best minds and most visionary companies to scrutinise, challenge, define, and empower the digital agendas of the world.

More information is available at www.GITEX.com and www.ExpandNorthStar.com

Distributed by APO Group on behalf of GITEX Global.

Business

Africa Women Innovation and Entrepreneurship Forum (AWIEF) Announces Finalists for the 2024 AWIEF Awards

Published

on

This year, the finalists have been selected from a diverse group of talented women founders and business owners across the continent, each demonstrating excellence in their respective fields

CAPE TOWN, South Africa, September 19, 2024/APO Group/ — 

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org/) is delighted to announce the finalists for the prestigious 2024 AWIEF Awards, set to recognize and celebrate the achievements of Africa’s women entrepreneurs and business leaders. The awards, held annually as part of the AWIEF conference, honor the impact of women entrepreneurs in driving innovation, promoting gender equality, and contributing to Africa’s economic development.

This year, the finalists have been selected from a diverse group of talented women founders and business owners across the continent, each demonstrating excellence in their respective fields. The finalists span categories such as agriculture, technology, creative industries, social entrepreneurship, and more. Their accomplishments are a testament to the power, resilience, and innovative spirit of African women in business.

Here are the finalists (in alphabetical order) for the 2024 AWIEF Awards:

1. Young Entrepreneur Award

Mpho Hlongwane – MH Automotive Engineering (South Africa)

Adeline Pelage – Madinina Foods (Cameroon)

Jessy Radwan – Carerha (Egypt)

2. Agri Entrepreneur Award

Naledi Magowe – Brastorne (Botswana)

Ifeoma Okonkwo – Ifgreen Industries & Investment (Nigeria)

Cherotich Rutto – Tawifresh Kenya Limited (Kenya)

3. Creative Industry Award

Thabo Makhetha-Kwinana – Thabo Makhetha CC (South Africa)

Jenny Edwige Mezile – L’École D’Arts les Pieds dans la Mare de Jenny Mezile (Côte d’Ivoire)

Jane Mpholo – Jane Mpholo Pty Ltd (South Africa)

4. Empowerment Award

Fomum Victorine Agum – Global Women Emancipation in Sports (Cameroon)

Judy Makira – Centre for Women Empowerment in Technology (Kenya)

Creseldah Cassandra Ndlovu – CLM Clothing & Textile (South Africa)

5. Tech Entrepreneur Award

Ynes Hafi – ARSELA (Tunisia)

Peace Iraguha – Lifesten Health (Rwanda)

Christiana Okere – myStash (Nigeria)

6. Social Entrepreneur Award

Osen Iyahen – Optimal Greening Foundation (Nigeria)

Temitope Mayegun – Avilla Naturalle (Nigeria)

Tsholofelo Ramokoka – AddressDox (South Africa)

Recognizing Africa’s Women Leaders

The AWIEF Awards continue to celebrate women who are making waves across industries, empowering communities, and setting new benchmarks in entrepreneurship. The finalists represent a diverse array of sectors, highlighting the depth and breadth of women’s contributions to Africa’s economic landscape.

AWIEF Awards Ceremony

The winners of the 2024 AWIEF Awards will be announced at the AWIEF Awards Ceremony on November 29, 2024, during the AWIEF Conference in Cape Town, South Africa. The event promises to be a night of inspiration, celebration, and a testament to the transformative power of women-led businesses in Africa.

Join us for AWIEF2024

Don’t miss this opportunity to join the celebration and be part of Africa’s most impactful conference for women entrepreneurs.

Register Now: https://apo-opa.co/4eMq1Nh

Distributed by APO Group on behalf of Africa Women Innovation and Entrepreneurship Forum (AWIEF).

Continue Reading

Business

Unleashing Africa’s Next Big Play: Namibia’s Emerging Oil and Gas Sector (By Rachel Mushabati)

Published

on

One of the primary drivers of Namibia’s attractiveness as an investment destination is its supportive government and investor-friendly policies

JOHANNESBURG, South Africa, September 18, 2024/APO Group/ — 

By Rachel Mushabati, Senior Associate Attorney, CLG Namibia (www.CLGGlobal.com).

Namibia, a nation renowned for its breath-taking scenery and abundant wildlife, is becoming more and more well-known for its booming oil and gas industry. Namibia is quickly rising to the top of Africa’s oil and gas exploration and investment destinations because to notable discoveries and a favourable investment climate. Here are some reasons for investors to be interested in Namibia’s developing economy and how business advice and strategic law might improve investment prospects.

A Treasure Trove of Potential

Namibia’s oil and gas sector has garnered international attention due to its substantial potential. Recent exploratory drilling has revealed promising reserves off the coast, particularly in the Namibian offshore region. After several years of extensive exploration, Namibia realized its first oil discoveries. In early 2022, Shell, QatarEnergy, and NAMCOR made a landmark discovery in the deep-water well in the Orange Basin, offshore southern Namibia. This was followed by another significant find in 2023, when TotalEnergies, QatarEnergy, and NAMCOR discovered light oil with associated gas on the Venus prospect, also in the Orange Basin. In 2024, Galp Energia, Custos, and NAMCOR further solidified Namibia’s status with a high-quality light oil discovery in the Mopane-1X well, located in the same prolific basin.[1] These discoveries, alongside notable formations such as the Kudu Gas Field, have positioned Namibia as a key player in the global energy market. The country’s geological formations, particularly in the Orange Basin, have demonstrated significant hydrocarbon potential, making it an attractive destination for exploration and production.[2]

Government Support and Favourable Policies

One of the primary drivers of Namibia’s attractiveness as an investment destination is its supportive government and investor-friendly policies. The Namibian government has implemented a range of initiatives to foster a conducive environment for oil and gas investments. Namibia’s Investment Promotion Act[3] is a pivotal component in the country’s strategy to attract and support investors. This comprehensive legislation provides a range of incentives to enhance the financial viability of projects and reduce initial costs[4]. It also ensures robust legal protections, safeguarding investors’ property rights and offering non-discriminatory treatment compared to domestic investors. By streamlining licensing processes and providing one-stop-shop services[5], the Act simplifies the investment process and reduces bureaucratic hurdles. Additionally, it supports priority sectors such as oil and gas, reinforcing Namibia’s commitment to fostering a transparent, stable, and investor-friendly environment. Namibia’s commitment to creating a stable and attractive investment environment is evident through its proactive approach in engaging with international investors and offering competitive terms.

Strategic Location and Infrastructure

Namibia’s strategic location along the Atlantic Ocean provides a crucial advantage for oil and gas operations. The country’s well-developed port infrastructure, particularly the Port of Walvis Bay, facilitates efficient export and import processes.[6] Additionally, Namibia’s proximity to key international markets enhances its appeal as a hub for energy resources. The development of supporting infrastructure, such as pipelines and storage facilities, further strengthens Namibia’s position as a key player in the global energy supply chain.

Economic Growth and Sustainable Investment Opportunities in Namibia’s Oil and Gas Sector

Investing in Namibia’s oil and gas sector not only presents a wealth of economic opportunities but also aligns with the principles of sustainability and responsible investment. The sector’s expansion is expected to stimulate ancillary industries such as construction, logistics, and technology, benefiting local businesses through increased demand for related services and products. The influx of foreign investment is anticipated to drive job creation, infrastructure development, and overall economic growth. Concurrently, Namibia places a strong emphasis on sustainability and environmental stewardship. The government and industry stakeholders are committed to responsible investment practices that protect local communities and ecosystems. Investors who prioritize these practices will not only contribute to positive environmental and social outcomes but also bolster their own reputation and long-term success in the market.

Conclusion

Namibia’s emerging oil and gas sector offers a compelling opportunity for investors seeking to capitalize on new and promising markets. With its substantial hydrocarbon potential, favourable government policies, strategic location, and burgeoning economic opportunities, Namibia is poised to become a prominent player in the global energy arena. The sector’s growth is anticipated to drive significant benefits across various ancillary industries and create widespread economic development. Additionally, the emphasis on sustainability and responsible investment practices aligns with global standards, ensuring that investments contribute positively to local communities and the environment.

However, successfully navigating this promising landscape requires expert guidance. Engaging with local legal and business advisory services can provide investors with crucial insights, help manage regulatory complexities, and enhance overall investment strategies. By leveraging the expertise of these advisory services, investors can maximize their potential for success and make a meaningful contribution to Namibia’s oil and gas sector. For those ready to explore the opportunities in Namibia’s oil and gas industry, the time to act is now. With the right expertise and strategic approach, investors can unlock substantial rewards and play a pivotal role in the growth of this exciting sector.

Namibia’s oil and gas sector has garnered international attention due to its substantial potential


[1] NAMCOR. Press Releases. Retrieved from https://apo-opa.co/3XO3SZ4. Last accessed 5 September 2024.

[2] Koning, T. “The Orange Basin, Deepwater Namibia- What’s Going on with Its Resources, Reserves and Future Production of Natural Gas?”. Retrieved from https://apo-opa.co/3XMKCv1. Last accessed 6 September 2024.

[3] Namibia Investment Promotion Act 9 of 2016

[4] Namibia Investment Promotion Act Section 4 (4)

[5] Namibia Investment Promotion Act Section 7

[6] Namport. “Welcome to the Port of Walvis Bay”. Retrieved from https://apo-opa.co/3Xq02UC. Last accessed 6 September 2024.

Distributed by APO Group on behalf of CLG.

Continue Reading

Business

Artificial Intelligence (AI) Essentials for Small Businesses to Drive Growth and Save Time

Published

on

With AI, business owners can quickly craft personalized responses, such as thank-you emails to customers after they make a purchase or sign-up for a service, reminder emails, and responses to inquiries or complaints

JOHANNESBURG, South Africa, September 18, 2024/APO Group/ — 

Generative AI (Artificial Intelligence) is not new, however the recent boom in AI tools available to anyone such as image-generation tools and AI-driven applications, while offering new opportunities, can also place small business owners in new and unfamiliar territory.

GoDaddy shares some ways in which generative AI can help small business owners and entrepreneurs enhance creativity, streamline operations and support customer engagement.

  1. Generate creative and unique business names – The biggest barrier to getting started is sometimes a blank screen. Generative AI is great for helping to get creativity started. If thinking of a catchy business name isn’t your strong suit, consider using AI to kick-start the process. GoDaddy AI Domain Search can help generate potential business names, giving entrepreneurs a list of unique and creative names that they might not have come up with otherwise.
     
  2. Automate content creation – By simplifying the content creation process and enhancing the effectiveness of published materials, such as website content, newsletters or blogs, AI can help save entrepreneurs both time and money.

Using advanced natural language processing algorithms and deep learning techniques, AI-powered content-generation tools can analyze existing content within a specific industry or niche. Using that information, AI tools can then generate relevant and engaging content. And then, you can update the output to match the overall vibe of your unique business.

GoDaddy is equipping small business owners with AI tools and guidance to help them boost their content creativity and streamline operations

To help entrepreneurs be successful in creating prompts to use with AI tools, GoDaddy created a free guide. This guide offers small business owners tips for how to create text and visual prompts.

  1. Enhance customer service – With AI, business owners can quickly craft personalized responses, such as thank-you emails to customers after they make a purchase or sign-up for a service, reminder emails, and responses to inquiries or complaints. By providing fast and personalized responses to customers, using AI-powered tools can help to enhance the overall customer experience, leading to higher satisfaction rates and a stronger brand reputation, and help to drive further engagement with customers.
     
  2. Support for social media management – Engaging on social media channels is an important part of growing a business in today’s digital environment, but managing multiple platforms and attempting to brainstorm creative new content can feel daunting. AI can help here as well.

    Tasks AI can support with include creating a list of key moments and relevant events for a target audience, craft ad copy to grab people’s attention, write simple video scripts, create editorial calendars, and provide creative captions for image-based posts.

    GoDaddy Studio creates professional-looking content for a business or personal brand. Anyone can easily and quickly produce engaging content without needing advanced design skills. This free tool is available for anyone looking to enhance their online presence and take advantage of branded content for their social media channels, website, customer email communications, and more.

While AI tools can help save time and money, it is crucial for a human to closely review the output of the AI tool that you choose to use, as AI can return incorrect, false or outdated information or may include content containing third parties’ intellectual property.

“In today’s fast-changing digital world, GoDaddy is equipping small business owners with AI tools and guidance to help them boost their content creativity and streamline operations, saving them time to focus on growing their businesses,” said Selina Bieber, Vice President of International Markets at GoDaddy.

GoDaddy offers a wide array of online resources to help small businesses and entrepreneurs thrive in the digital world, from website building and ecommerce tools to email and digital marketing solutions.

For more information on how GoDaddy can help your business, visit GoDaddy (www.GoDaddy.com).

Distributed by APO Group on behalf of GoDaddy.

Continue Reading

Trending

Exit mobile version