AfricanBUSINESS

CONTENTSContents

UNITED KINGDOM IC PUBLICATIONS 7 Coldbath Square, London EC1R 4LQ Tel: +44 20 7841 3210 icpubs@icpublications.com www.african.business FOUNDER Afif Ben Yedder PUBLISHER & EDITOR-IN-CHIEF Omar Ben Yedder | o.benyedder@icpublications.com EDITOR David Thomas | d.thomas@icpublications.com DIGITAL EDITOR Shoshana Kedem | s.kedem@icpublications.com SUB-EDITOR Mike Holderness | m.holderness@icpublications.com DESIGN J V e n k a t a s a m y | j.venkatasamy@icpublications.com COMMERCIAL DIRECTOR Roman Zincenko | r.zincenko@icpublications.com CONSULTING HEAD OF DELIVERY Brian Scudder | b.scudder@icpublications.com ADVERTISING SALES DIRECTORS Baytir Samba, Nick Rosefield, Saliba Manneh ADVERTISING advertising@icpublications.com MARKETING Emily Allen | e.allen@icpublications.com DISTRIBUTION distribution@icpublications.com PRODUCTION MANAGER Stuart West | s.west@icpublications.com TUNISIA Néjib Ben Yedder | n.benyedder@icpublications.com GHANA – SPECIAL PROJECTS AND ADVERTISING Silvia Salvetti Top Reports Tel: +233 24 910 5995 top@topreports.org IC EVENTS info@ic-events.net SUBSCRIPTIONS IC Publications Webscribe Unit 4, College Business Park, College Road, North Aston Clinton HP22 5EZ UK Telephone + 44 (0) 1442 820580 contact@webscribe.co.uk https://african.business/subscribe PRINTERS Roularta Media Group Meensesteenweg 300 8800 Roeselare Belgium

All pictures AFP unless indicated. Registered with the British Librar y. ISSN 0141-3929

©2024 IC Publications Ltd

Cover stor y: Artificial intelligence: the African opportunity

Business Intelligence 4 News and deals around Africa Opinion 10 Are Africa-China relations

helping over 1 billion women? 64 Private capital is key to

unlocking African mobility 70 Mitigating the risk of the

‘resource curse’ for Namibia Cover story: AI 12 From healthcare to agriculture,

AI has the potential to transform life in Africa for the better 18 Opinion: Creating an

environment for AI investments and partnerships in Africa 20 Inter view: African AI pioneer

InstaDeep is ready for the future after takeover, says Karim Beguir Special report:

Ukraine and Africa 36 Ukraine’s charm offensive seeks

first Africa visit for Zelensky 38 The struggle to export grain to

Africa amid grinding war 40 Odesa fights off Russian drones

as it bids to keep grain flowing Features 24 Africa looks to muscle in on the

semiconductor value chain 26 Power struggle: Energy in focus

in South Africa’s pivotal election

30 Inter view: Black Economic

Empowerment pioneer Ipeleng Mkhari on the art of the deal 42 Better infrastructure can unlock

Africa’s agricultural potential 48 Ethiopia readies its first full

stock market for launch 50 Inter view: Only a regional

approach can deliver fast development, says ECA Executive Secretar y Claver Gatete 62 On the right track: East Africa’s

rail plans gain momentum 66 Canadian miners eye African

expansion for minerals vital to the energy transition 69 Nigeria reopens borders with

Niger as Ecowas abandons its isolation strateg y 72 Zimbabwe’s relations with US hit

new low after fresh sanctions 78 Exploring Africa’s authorial voice

Countryfiles 74 Nigerians struggle with food

inflation as the naira slumps 76 Ghana parliament’s anti-LGBT

bill prompts investor fears Review 80 Jonathan Eig’s radical life of

Martin Luther King Editor’s View 82 Severed internet cables highlight Africa’s vulnerability