Global News: Microsoft wants to make Windows an AI operating system, launches Co-pilot+ PCs
CBN Guns for Stable Currency, FPIs as Rates Hike Hurts Businesses
Microsoft wants to bring generative AI to the forefront of Windows — and the PCs running it.
At a pair of keynotes during its annual Build developer conference this week, the company unveiled a new lineup of Windows machines it’s calling Copilot+ PCs, plus generative AI-powered features like Recall, which helps users find apps, files and other content they’ve viewed in the past.
Our thoughts
The world is about to get smarter and Microsoft is taking the lead in democratizing it! The question is how are you positioning?
You should have an AI company in your portfolio .
Integrate AI to your business/work
We had a session on AI with Olushola Amusan Ex Microsoft and Co-Founder Vesti. We highly recommend it. Click to watch.
African News: Microsoft and G42 announce $1 billion Comprehensive Digital Ecosystem Initiative for Kenya
Microsoft Corp. and G42 on Wednesday announced a comprehensive package of digital investments in Kenya, as part of an initiative with the Republic of Kenya’s Ministry of Information, Communications and the Digital Economy.
Our thoughts
Talk about the power of positive leadership and good PR. Microsoft that shutdown division in Nigeria and reportedly laid off 200 staff are doubling down in another African country.
Did you say good PR? Yes!
All these agreements will have long term positive results which will unfortunately take a while for the Kenyan locals to see the impact.
These consistent communication of positive news out of Kenya is just passing a message: Kenya is open for business.
How are you positioning for this:
Kenya Property is still available in the community
Access to Nairobi Stock exchange
Nigerian News: CBN Guns for Stable Currency, FPIs as Rates Hike Hurts Businesses
Raising the monetary policy rate by yet another 150 basis points (bps) suggests the Central Bank of Nigeria (CBN)'s appetite for short-term foreign exchange (FX) inflow is far from abating.
The announcement by the CBN governor, Yemi Cardoso, at the end of the Monetary Policy Committee (MPC) meeting, yesterday, is being interpreted as an indication of continued desperation for hot money for quick fix for the FX crisis.
Our thoughts
Why is CBN taking up rates: To tame inflation, to attract foreign investors with high yields.
Is it working?
Inflation rate: 33.69 (is not yet even reflective of reality)
Exchange rate: N1,505/ $ (Even after prosecuting Mr Binance)
The Debt management office has borrowed 75% of Nigeria’s planned 2024 debt and we are still in month 5!
With the high rates, do not expect to see any mention of debt servicing (i.e interest expense) to revenue ratio in the news- it will be bloody.
The DMO is also refusing to follow CBN on this rate hike as they capped NTB and bond rates. Fiscal vs monetary dissonance.
FACT
CBN is trying to fix a round problem with their square tools. The current economic situation needs to be addressed by fiscal and executive action.
Same challenge of the past CBN Governor.
Whats happening at the Money Wit Club…..
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