Africa insurers must leverage on new technologies to remain relevant
MANAGING Director of Africa Reinsurance Corporation (Africa Re), Mr Corneille Karekezi has advised the continent’s insurance industry to leverage on the current technology revolution in order to remain relevant.
Speaking at the 25th annual conference of the Federation of Afro-Asian Insurers and Reinsurers in Bahrain recently, Karekezi said that the poor reputation of insurers continues to hold back the sector in the region.
He stated: “Though the global insurance industry is deriving a lot of pride in being the main recourse of people in difficult times, especially for events caused by accidents or natural catastrophes, the poor reputation attached to the industry, especially in Africa and other developing countries, still remains a big challenge.”
The Africa Re boss said one of the main reasons for this poor reputation is the consistent perception that insurers are not reliable and do not keep their promises.
Swarm Summit 2017 Starts Tomorrow
Organized by Hive Colab, the inaugural Swarm Summit in 2016 gathered top CEOs of Uganda’s innovative tech companies, hackers, and tech fans for a deep dive into Uganda’s tech and business scene.
This year’s Swarm Summit starts tomorrow 7th December in a bigger and better setting taking over The Square • Place, located on 3rd street, Industrial area and will end on the 8th of December. The Summit will be addressing the country’s digital economy in 2017 while exploring what is in store for the country in 2018 and beyond. Tickets are at 20,000/- today 5th December, get one today by registering through this link Register here https://
Using #Swarm17 as its publicity and marketing tag, the summit will feature speakers from Ugandan government Ministries, the telecom sector, and the country ‘s startup ecosystem. The summit is expected to bring together 250 participants who will be learning, celebrating, and entertaining each other to mark the year that was 2017 in Uganda’s tech ecosystem and to peer into the future with a look at what to expect in 2018.
The guest artist who will be entertaining during networking will be Maurice Kirya, on the last day of the summit.
And I will be moderating the Tech Journalist Round Table tomorrow at 5pm, see image for details.
Fundi Bots Presents Fundi Week
Do you have a child aged 6 years and above? FundiBots has a Fundi week of fun and exciting science activities like Robotics, 3D Printing, Astronomy, Video Game Design, Programming, Chemistry, Biology and lots more, promises the founder Solomon King.
The Fundi Weekdays are Thursday, Friday and Saturday and entrance is free. The founder asks that if your child is spending all day, please pack for them something to eat.
For more information, call +256-392000159 / +256-776159099 or +256-774441777
Bitcoin Climbs To $12000
Bitcoin surpassed $12,000 equivalent of 43,920,000 Uganda shillings for the first time amid speculation that the widespread use of futures will help lead to digital currencies being viewed as a legitimate asset class for mainstream investors.
The largest cryptocurrency by market value has soared from less than $1,000 at the start of this year 2017 as optimism climbs for the distributed ledger technology known as blockchain that is at the heart of bitcoin. The price surge has been accompanied by a growing chorus of warnings that the speculative frenzy is an asset bubble poised to burst.
Cboe Global Markets Inc. has said it will start trading bitcoin futures on Dec. 10, while CME Group Inc.’s contracts are set to debut on Dec. 18. Nasdaq Inc. is planning to offer futures in 2018, according to a person familiar with the matter. Cantor Fitzgerald LP’s Cantor Exchange is creating a bitcoin derivative, and startup LedgerX already offers options.
Read more about this here -> https://www.bloomberg.com/view/quicktake/bitcoins
ResilientAfrica Network (RAN) Innovation Exhibition on “Ending Violence against Women and Girls”
RAN lab together with UN Women ran an innovation challenge (EVAWG 2017) seeking to identify innovative solutions towards ending violence against women and girls, and equipping communities with skills and knowledge on using innovative approaches to end violence.
The exhibition showcased some of the projects that were submitted for the challenge and the teams had an opportunity to physically present their projects to the Jury and the public.
The wining grant money was between 5,000,000 and 16,850,000 Uganda shillings an equivalent of $1370 and $4600. I will be sharing more on what innovation won what in my next #PKTechWeekly.