Africa has a unique opportunity to develop its competitiveness through artificial intelligence (AI) and there is a general sentiment that new digital technologies such as AI should be leveraged to drive large-scale transformation. AI is widely seen as a key to innovation and there are varying levels of confidence in the ability to widely deploy the technology in certain areas of the continent. A few countries on the continent, notably South Africa, Mauritius, Seychelles, Rwanda and Senegal have been noted in as taking different approaches in their efforts to lay the groundwork for innovation in AI.
This episode features Nomsa Nteleko, an award-winning entrepreneur from South Africa with 15 years’ experience in the ICT space. She is the Founder & CEO OS Holdings Ltd, and the Chief Commercial Officer at Amathuba AI. Nomsa’s experience is specifically in business and financial management systems, primarily assisting organizations in automating their business processes from HR, Payroll, Supply Chain and Municipal Standard Chart of Accounts.
In this episode, Brenda hosts Robert Kabushenga, one of the most prolific C-Suite executives from East Africa. Until his recent retirement from the corporate world, Robert was the chief executive at the Vision Group in Uganda, which, under his stewardship, progressed from a print media house into the media conglomerate that it is today. At present, Robert, a self-described obsessive farmer, is the owner and administrator of Rugyeyo Farm, a coffee and banana farm located in Central Uganda.
In this episode, Brenda has a conversation with Raymond Mujuni, a journalist and the Head, Current Affairs at the Nation Media Group in Uganda about the coverage of Africa in the media.
Raymond chats about the stereotypical coverage of Africa in the media globally and what African media can do tell a more balanced African story. Raymond also talks about the democratization of media sources on the continent and how digital technologies are generally transforming the way the news is being reported on the continent.
Fintech is fast proving to be one of the most crucial tools for advancing financial inclusion globally and particularly on the African continent. A lot of the African population remains unbanked, and as a result, in the past few years, there has been a flurry of activity in the fintech space in Africa, to deliver easy-to use, affordable and accessible financial services to the African population using technology.
In this episode, Brenda has a conversation on digital financial services as a means of enhancing financial inclusion on the African continent with Stone Atwine, the Co-Founder of Eversend. Eversend is a neobank and multi-currency wallets platform that provides currency exchange, merchant payments, and other financial services.
In this episode, Brenda speaks to Pamela Birungi, a senior technology executive and the Senior Manager, Technology Strategy and Performance with the Zain Group, a leading telecommunications group in the Middle East and Africa, about the importance of 5G, 5G in Africa and the positive impact 5G will inevitably have on the African business landscape.
Ugandan industry experts Pamela Natamba (Partner and Head, Oil & Gas at PricewaterhouseCoopers Uganda) and Tony Otoa (Chief Executive at Stanbic Business Incubator Ltd) speak to Brenda about Uganda’s readiness for First Oil, in light of the recent signing of some of the agreements for the East African crude oil pipeline.
In this episode of Viewpoints with Brenda, Brenda chats with Geofrey Mutabazi, the Founder and CEO of ChargeKo Technologies, an electronic charging solutions company based in Uganda, and a Global Shaper with the World Economic Forum. Geofrey shares insights on the clean mobility industry in Africa and how Africa being richly endowed with the minerals that drive the clean mobility space, can leverage its position to lead the global clean mobility race.
Geoffrey also speaks about why a decentralized grid is the best way forward to improve access to energy in Africa.
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Viewpoints is pleased to launch our podcast, Viewpoints with Brenda. The podcast is a pivot from the mergers & acquisitions and banking & finance commentary, and features conversations with African change-makers, innovators, professionals, entrepreneurs and influencers. Our first conversation features Mark Tinka, the Head of Engineering at Seacom, Africa’s pioneer ICT infrastructure company.
COVID-19 has had a tremendous effect on the aviation industry. In the months since the W.H.O declared COVID-19 a pandemic, there has been a negative impact on airline share prices, air travel, airline workforce, and liquidity of operators and lessors generally. In addition to the more apparent issues facing the aviation industry, there has also been a flurry of activity behind the scenes. Operators, lessors, and financiers are realigning to salvage ongoing lease and financing arrangements in light of reduced operator liquidity.
Despite the disruption brought on by the pandemic, aircraft lease rentals have remained payable because aircraft leases are hell or high-water agreements; i.e., rentals are to be paid by airline lessees/operators irrespective of circumstances. Carve-outs in a hell or high-water clause would typically include scenarios where there is a total loss of the aircraft but rarely risks related to pandemics.
COVID-19 has had a significant effect on mergers and acquisitions globally, with a lot of on-going transactions pulled or delayed due to the uncertainty caused by the pandemic, and at least until parties have assessed the impact on their financial positions. It is estimated that worldwide merger activity so far this year has the lowest year-to-date figures for dealmaking since 2013.
The substantial change in operating conditions for most companies as a result of the pandemic has forced a lot of parties to ongoing transactions to consider termination of terms, particularly for transactions that were still in early negotiations. Where binding offers were signed, and parties decided to terminate, it’s been necessary to examine the termination clauses in such binding offers and the implications of termination, e.g., if any break fees would be payable. Additionally, parties are examining force majeure clauses to determine if the pandemic would constitute a force majeure event warranting a termination of the binding offer with minimum liability to either party.