Global Markets Slide as Turkish Currency Drops

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Global Markets Slide as Turkish Currency Drops

Special Correspondent - August 13, 2018

By CNBC Asian markets slid on Monday as investor sentiment took a knock amid the renewed slump in the Turkish lira. The Nikkei 225 slid 1.98...

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Bantu Gazette (www.BantuGazette.com), a new quarterly publication committed to advancing African perspectives on politics, culture, and economic transformation, has officially launched (https://apo-opa.co/4nStYEk). The magazine introduces a platform that presents Africa’s stories through the voices of those who live them. Grounded in the belief that narrative power must be anchored on African soil, Bantu Gazette explores how the continent defines its own direction through stories told by Africans themselves. It blends traditional storytelling with modern policy insight, offering thoughtful engagement with the forces shaping African societies. From Lagos to Johannesburg, Marrakech to Lilongwe, Addis Ababa to Dakar, and Douala to Gaborone, the magazine reflects a wide regional lens. “Who tells Africa’s story?” asks Editorial Director Felix Tih in the inaugural issue. He highlights a quote from Nigerian novelist Chinua Achebe that says, “If you don’t like someone’s story, write your own.” “This wisdom guides everything we do,” Tih explains. “As Africans, we shape our future by documenting our challenges, celebrating our breakthroughs, and creating space for honest self-reflection.” The first issue presents perspectives on energy innovation, cross-border trade, education reform, and the growing influence of African youth on the global stage. Highlights include a feature on digital sovereignty, profiles of women driving progress in the energy sector, and a deep look into Ethiopia’s evolving political landscape. Readers will also find stories of young leaders redefining business, technology, and policy across the continent. Bantu Gazette is the editorial wing of Bantu Agency, a communications firm that partners with institutions and changemakers across Africa to shape compelling narratives. In collaboration with journalists, researchers, and creatives from more than 12 countries, the magazine creates space for thoughtful reflection and strategic storytelling. Published in both print and digital formats, future editions will include multilingual content in English and French. Thematic issues will spotlight diaspora networks, infrastructure, urban innovation, intracontinental trade, artificial intelligence and climate resilience. Distribution through cultural centers, academic institutions, and professional networks will help expand access to readers throughout the continent and beyond. Youth leadership is central to the magazine’s voice. Each issue combines longform journalism with strategic insight, creative work, and contributions from rising thinkers across sectors. “We are building a publication that reflects the complexity of African societies and the brilliance of African ideas,” said Tih. “Bantu Gazette is a space for those who shape, question, and reimagine the future, guided by experience, grounded in truth, and driven by vision.” Bantu Gazette is available at https://apo-opa.co/4nStYEk. The publication welcomes contributions from writers, researchers, and creatives committed to advancing Africa’s voice in global dialogue.

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Kenya’s cloud and artificial intelligence boom may be entering its most consequential phase yet, as new data suggests local consultancies, AI startups and systems integrators stand to earn dramatically more from Amazon Web Services (AWS) than previously understood. A study by US-based research firm Omdia reveals that AWS partners worldwide can now generate “up to a $7.13 (Sh900) multiplier for every $1 (Sh130) of AWS sold,” a figure with enormous implications for East Africa’s technology ecosystem. The report, titled "Partner Ecosystem Multiplier: The AWS Opportunity 2025," was released on the sidelines of the AWS: Re-Invent event in Las Vegas, Nevada, which kicked off on December 1 and ends on December 5. It reached this conclusion after Omdia conducted in-depth interviews with 35 AWS partners across various geographies and partner types. The report’s central argument is blunt: in a region where businesses are hungry for automation, resilient infrastructure, and AI-powered customer engagement, the biggest revenue doesn’t come from selling cloud technology itself. Instead, it comes from the advisory, design, build, adoption, and managed services wrapped around it, the same areas where Kenyan firms have sought to differentiate themselves. “In the new era of AI, Omdia has forecasted a services opportunity tied to generative and agentic AI of $267 billion by 2030,” the research notes, positioning partners as the engines of this expansion. With Kenya’s financial institutions, telcos, and public agencies accelerating cloud migrations, the findings sharpen the conversation about who will capture the next decade of revenue. Kenyan companies already recognize the shift. For years, Kenya’s cloud market has revolved around foundational migrations: moving banks off aging data centres, helping enterprises modernize digital infrastructure, or building customer-facing platforms with elasticity and scale. But companies across Nairobi’s tech districts, from Westlands to Upper Hill to Ngong Road, are now repositioning their services for an AI-first world. The Omdia numbers help make the business case. The report states bluntly that 82 per cent of AWS partners are now delivering some form of AI as part of their transformation delivery, a seismic shift that mirrors Kenya’s adoption pattern: AI chatbots in banking, machine learning in fraud detection, recommender engines in e-commerce, and predictive analytics in agriculture and logistics. “Amazon Web Services (AWS) continues to be the market-leading provider of public cloud infrastructure in terms of market share. For customers to unlock the full opportunities of AI in their public cloud environments, they lean on a wide variety of services and expertise from their technology providers, specifically the partners within the AWS Partner Network.”

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Bolttech said the acquisition will allow it to integrate mTek’s technology into its global embedded insurance ecosystem. Stephan Tan, Chief Executive Officer for EMEA at bolttech, said, “This represents an exciting step forward for bolttech as we expand our footprint in Africa. mTek’s innovative platform and talented team share our vision of using technology to make protection more accessible.” “Together, we can accelerate digital transformation in insurance and extend the reach of embedded protection across the region.” mTek’s leadership will remain in place during the transition, with CEO Bente Krogmann continuing to oversee East African operations. Krogmann said the deal sets up the company for wider regional expansion. “Joining the bolttech family marks an exciting next chapter for mTek. Our technology, local insight, and commitment to inclusive insurance have transformed how customers access protection in Kenya, and this partnership allows us to scale that impact even further – bringing more innovative and relevant insurance solutions to customers at scale.” The company is expected to rebrand following the acquisition, as the firms work on integrating systems, staff, and partnerships.

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Tag: Global markets

Global Markets Slide as Turkish Currency Drops

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