AI eases EA cross-border payments but not costs

Business and Technology Reporter in Nairobi, Kenya

Nation Media Group

Like many industries across the globe, artificial intelligence (AI) has taken the financial industry by storm, and one of the fast-rising applications is in payments, to solve age-old challenges that have slowed cross-border settlements in the banking sector.

In East Africa, banks have not been left behind in the latest revolution as nearly all have now deployed AI to improve their cross-border payment to local and international customers.

AI eases EA cross-border payments but not costs

Conflict

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East Africa’s oil rivalry is missing the bigger energy security question

Latest

US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

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In the headlines

Region in efforts to clean up trade routes as cargo volumes increase

US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

Race for EA oil projects: $16bn Lamu refinery puts Ugandan plan to the test

Tanzania to close schools early as El Niño rains loom

PRIME EA IDs under attack as ‘digital’ identity fraud shoots up

PRIME Higher AI uptake can hoist Africa’s economic agenda

Be the First to Know

PRIME A regional war: Ethiopia troop pullout plan puts Somalia security under new strain

Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

Ethiopia, Sudan junta bicker again over RSF support claims

PRIME East Africa’s oil rivalry is missing the bigger energy security question

PRIME US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

PRIME Iran conflict dents African start-up funding

PRIME Region in efforts to clean up trade routes as cargo volumes increase

PRIME Tanzania to close schools early as El Niño rains loom

PRIME Region in efforts to clean up trade routes as cargo volumes increase

PRIME US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

PRIME Race for EA oil projects: $16bn Lamu refinery puts Ugandan plan to the test

PRIME Tanzania to close schools early as El Niño rains loom

EA IDs under attack as ‘digital’ identity fraud shoots up

Higher AI uptake can hoist Africa’s economic agenda

A regional war: Ethiopia troop pullout plan puts Somalia security under new strain

East Africa’s oil rivalry is missing the bigger energy security question

US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

Iran conflict dents African start-up funding

Region in efforts to clean up trade routes as cargo volumes increase

Tanzania to close schools early as El Niño rains loom

Region in efforts to clean up trade routes as cargo volumes increase

US rekindles interest in Lobito Corridor with $3m grant for hydropower expansion

Race for EA oil projects: $16bn Lamu refinery puts Ugandan plan to the test

Tanzania to close schools early as El Niño rains loom