It has been 42 years since the launch of Gitex – the UAE’s biggest and most established technology conference – and in late May, the exhibition opened for the first time outside the country’s borders.
The inaugural Gitex Africa was an exhibition in Marrakesh, Morocco and proved a fertile ground for start-up businesses looking to connect with investors and take the next step in digitising their entrepreneurial spirit. A red carpet welcomed visitors, while performers danced to the rhythm of booming African music that echoed around the conference plaza inside the “Red City”, as the exhibition flung open its doors to an eager crowd on May 31.
While there was little in the way of technology on show – with some stands proudly displaying an air fryer or portable bluetooth speaker as the pick of the gadgets – this conference looked a little different from what we have been used to seeing each year in Dubai.
This edition of Gitex Africa was more than just a technology conference – it was a part of the growing behemoth that has become "Brand Dubai" and an opportunity to export one of the emirate’s most well-established names and plant the national flag of opportunity firmly in the ground. Staged in a 45,000-square-metre tented conference centre at the Place Bab Jdid, more than 900 companies, government entities, start-ups and participants from at least 100 nations from across Africa and elsewhere attended the three-day conference.
There have been plenty of new dawns for Africa’s emerging tech scene
Africa might soon require a new moniker as mass-electrification from new renewable energy supplies lights up rural areas. Mauritania, Morocco, Tunisia and Botswana are each leading new solar power project developments, while the UAE has played a key role in establishing Togo’s first 70 megawatt energy plant.
In the technology world, Africa is a sleeping giant that is beginning to wake from its slumber with the watching world ready to do business. It has the lowest internet connectivity of all the continents, with just 22 per cent having reliable online access. That may have stunted growth in recent years while other nations developed at pace, but the potential is clear, with renewable energy ready to unlock that potential.
On a recent assignment to Uganda for The National, it was clear to see the ambition and drive of the young, tech-savvy population. With an average age of just 16 years, Uganda is primed for an explosion of economic growth, fuelled by rapid digital transformation.
Across Africa, thanks to local initiatives and outside investment, much of the continent is beginning to switch on and tap into that talent pool of ideas.
There have been plenty of new dawns for Africa’s emerging tech scene. Just six years ago, the continent failed to register a single unicorn start-up – a company valued at more than $1 billion. Today, there are seven start-ups now worth that figure. Chipper Cash, a fintech company started by entrepreneurs from Uganda and Ghana to facilitate cross-border payments in Africa, is valued at about $2 billion. Senegal-based money provider Wave is worth a cool $1.7 billion.
The same young people I met in Uganda, who seized an opportunity to start their own businesses after becoming unemployed during the Covid-19 pandemic, bemoaned the fact that poor digital infrastructure limited growth. Many people in the capital, Kampala, were without internet access so they relied on basic feature phones, rather than smart phones. This meant using SMS text to access options to book hospital appointments, pay bills, or make delivery orders with service providers.
As many large-scale renewable energy projects pop up across this vast continent – with Morocco one of several nations to invest in huge solar fields – millions of people are finally tasting the opportunity of regular electricity, and the internet, for the first time. That has left many at the peak of a wave of change, in the way they live and work.
In speaking with several other African journalists visiting Gitex in Morocco, this emerged as a familiar story across the continent. As broader digital access becomes available, huge opportunities are likely to open up for e-commerce and trade. With an estimated 500 million mobile phone users across Africa and a flourishing mobile money market, there appears to be colossal opportunity for investment.
But while the world is coming to terms with the new potential offered by widespread 5G access, much of Africa is still clinging on to the hope of a reliable 3G signal. During the Gitex Africa event, the irony of being unable to access the internet from the makeshift media centre was not lost on journalists furiously trying to send video and images back to base from a much-vaunted technology conference.
Orange, Huawei, Alibaba, Airtel, MTN, Dell and Du were among a roster of familiar players invited to provide speakers for the exhibition – each with a message of unlocking Africa’s potential through effective digitisation.
Trixie Lohmirmand, chief executive of Kaoun International, the event organiser behind Gitex, said the conference was likely to return to Morocco in 2024, with other international venues also probable in the years ahead.
A mission to create an established pan-African event now looks likely, as the momentum continues towards switching on the lights in even the farthest corners of the continent.
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Zayed Sustainability Prize
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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SERIES INFO
Cricket World Cup League Two
Nepal, Oman, United States tri-series
Tribhuvan University, Kathmandu
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal
Table
The top three sides advance to the 2022 World Cup Qualifier.
The bottom four sides are relegated to the 2022 World Cup playoff
1 United States 8 6 2 0 0 12 0.412
2 Scotland 8 4 3 0 1 9 0.139
3 Namibia 7 4 3 0 0 8 0.008
4 Oman 6 4 2 0 0 8 -0.139
5 UAE 7 3 3 0 1 7 -0.004
6 Nepal 0 0 0 0 0 0 0
7 PNG 8 0 8 0 0 0 -0.458
The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
Favourite book: Between two hearts- Arabic novels
Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends
How to tell if your child is being bullied at school
Sudden change in behaviour or displays higher levels of stress or anxiety
Shows signs of depression or isolation
Ability to sleep well diminishes
Academic performance begins to deteriorate
Changes in eating habits
Struggles to concentrate
Refuses to go to school
Behaviour changes and is aggressive towards siblings
Begins to use language they do not normally use
TRAP
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Director: M Night Shyamalan
Rating: 3/5
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- Option 2: 50% across three years
- Option 3: 30% across five years
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Wales 20-19 France
Wales: T: Wainwright, Moriarty. Cons: Biggar (2) Pens: Biggar 2
France: T: Vahaamahina, Ollivon, Vakatawa Cons: Ntamack (2)
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
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Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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Director: Mohammed Saeed Harib
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Two stars out of five
Western Region Asia Cup T20 Qualifier
Sun Feb 23 – Thu Feb 27, Al Amerat, Oman
The two finalists advance to the Asia qualifier in Malaysia in August
Group A
Bahrain, Maldives, Oman, Qatar
Group B
UAE, Iran, Kuwait, Saudi Arabia
Who is Tim-Berners Lee?
Sir Tim Berners-Lee was born in London in a household of mathematicians and computer scientists. Both his mother, Mary Lee, and father, Conway, were early computer scientists who worked on the Ferranti 1 - the world's first commercially-available, general purpose digital computer. Sir Tim studied Physics at the University of Oxford and held a series of roles developing code and building software before moving to Switzerland to work for Cern, the European Particle Physics laboratory. He developed the worldwide web code as a side project in 1989 as a global information-sharing system. After releasing the first web code in 1991, Cern made it open and free for all to use. Sir Tim now campaigns for initiatives to make sure the web remains open and accessible to all.
CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
Liverpool 4-1 Shrewsbury
Liverpool
Gordon (34'), Fabinho (44' pen, 90' 3), Firmino (78')
Shrewsbury
Udoh (27'minutes)
Man of the Match: Kaide Gordon (Liverpool)
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5