Happy weekend guys,
Thank you for sticking with us throughout this month. As we prepare for a new month, kindly take a look at today’s edition of the Big 5 Daily!
Big news! A report by the International Data Corporation (IDC) has revealed that investments in Artificial intelligence in the Middle East and Africa will hit $290 million in 2019 and $530 million by 2022. The report reveals that the top three industries investing in AI will be banking, manufacturing and retail from the year 2019 to 2022.
Remember when we mentioned that Airtel Africa is looking to raise the sum of $1 billion in an IPO in London? Well, Airtel Africa has received approval to list on the London Stock Exchange by the UK Financial Conduct Authority. They plan to also list on the Nigerian Stock Exchange if the plan falls through. We are looking forward to this IPO and certainly hope it doesn’t face controversies like that of Jumia and MTN Nigeria.
EkoRent, a Finland company that offers an all-electric vehicle on-demand ride services via ‘Nopia Ride’, has flagged off 10 brand new electric vehicles in Kenya on the 27th of May 2019. The company also launched its third electric car charging station the same day. Kenya’s Nopia Ride has exceeded its pilot stage and is now fully ready to take off. Africa is indeed taking a leap for green energy!
Also, on the Big 5, a team of students from Ahmadu Bello University who represented Nigeria at the Huawei ICT competition has finished 3rd place during the global competition in China. The team competed against 49 other teams up to 147 students from 30 countries. Big ups to the Nigerian team!
Finally, on the Big 5, the South African National Blood Service has launched a new drone blood delivery service ‘Tron Drone’. The drone service features a wing design that allows long-distance travel with minimal power usage. It can travel at 180km/h and 60km/h if need be.
This is where we draw the curtain for today’s edition of the Big 5 Daily.
Thanks for joining!
See you next month!