After long falling short of its potential and lagging behind other emerging markets, Pakistan’s tech sector has suddenly sprung to life and shows no signs of slowing down. The Pakistani tech ecosystem is live and kicking with $170m being raised in Q1 2022.
The rise of batteries over the last decade has been nothing short of meteoric as lithium-ion batteries have now reached a point where they are now commercially viable to power vehicles and our homes. Batteries continue to garner the lion’s share of media and investor attention.
It’s been an interesting few months for mergers and acquisitions (M&A) in Africa. Several significant M&A deals have transpired after a COVID-driven slowdown in 2020 and most of 2021 driven by key factors, including a growing imperative to reach economies of scale, rising customer acquisition costs, and a need to become pan-African to mitigate regulatory risks.
Since Apple introduced the Apple Store in 2008, single-use apps have multiplied exponentially and become part of everyday life. Fast forward to today, and consumers in western markets like the US and EU are using single-purpose apps for everything from hailing a taxi and food delivery to gaming, online shopping, and banking.
It’s been a rough start to the year for the public and private markets. With talks of interest rate hikes heating up, the S&P fell by 11% in January, making it the worst January since 2009.
The reality is it’s not the algorithms holding back AI. The quality of the data used to train and retrain algorithms is the problem, and MLOps is rapidly emerging as the solution. Ultimately, by helping businesses ensure high-quality data consistency across the ML project lifecycle, MLOps is set to take AI into the mainstream.
Over the last two decades, Africa has experienced extraordinary economic growth. Increased private investment flows have enabled the technological transformation of several key sectors like telecommunications, financial services, and banking. Yet, the agricultural industry, the continent’s most important economic sector accounting for 14% of GDP and 52% of the workforce, remains much the same as it did decades ago.
Nigeria’s tech community was booming – now it’s in shock – The government’s sudden ban on Twitter could jeopardise one of the country’s most promising industries.
We expect to see 8-10 notable transactions in the space and over $1.5 billion of additional investment in SSA datacentres over the next 3-5 years.
Africa’s 1.3bn people are transacting digitally at an unprecedented rate, forever reshaping the continent’s technology sector.
At DAI Magister we estimate 350 European tech companies will raise €25m-250m+ funding rounds in 2021-22.
Last month, after a prolonged hiatus due to COVID-19, DAI Magister, in partnership with DAI Nigeria, held its first Development […]