Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

AI essential for banks to remain competitive — Wigwe Herbert Wigwe, Chief Executive Officer Access Bank Plc has said that Artificial Intelligence, AI, is essential for banks to remain competitive. He urged Banks and Financial Technology (FinTech) operators to leverage technology such as AI to remain competitive. Herbert Wigwe gave the advice on Thursday in Lagos during the Africa FinTech Foundry (AFF) Disrupt 2019 conference, powered by Access Bank. The theme of the conference is”Digital Gold Rush: Building a Sustainable Tech-Economy”. “Leveraging such technology as artificial intelligence and utilising data analytics is imperative if banks and Fintechs are to remain…

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Somalia: IMF estimates economic growth at 3% in 2019 The International Monetary Fund (IMF) says Somalia’s economy has continued to recover, with growth expected to strengthen to three per cent in 2019 from 2.8 per cent last year. IMF said on Tuesday the country’s inflation could ease to 3 per cent from 3.2 per cent over the same period. Somalia has been in turmoil since 1991, when clan-based warlords overthrew Siad Barre and then turned on each other. Over the past decade it has been hit by famine and sporadic terror attacks by al Qaeda-linked al Shabaab. “Somalia’s economy continues…

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