McKinsey — global research organization; 2025 report cited on organizational AI adoption rates.
Verbatim sentences from the source article.
Joy Online
… A 2023 McKinsey survey found that over 60% of financial institutions have implemented AI in at least one key function, particularly in credit decisioning. …
AI in Lending: Progress, risks, and the governance imperativeWhile African governments are increasingly effective at raising capital through conferences and new financing vehicles, the real challenge is translating investment commitments into well-prepared, execution-ready projects; South Africa's experience shows only 42% of $91 billion in investment pledges since 2018 had actually flowed into the economy by March 2026.
22 July 2026 · Joy Online →
While African governments are increasingly effective at raising capital through conferences and new financing vehicles, the real challenge is translating investment commitments into well-prepared, execution-ready projects; South Africa's experience shows only 42% of $91 billion in investment pledges since 2018 had actually flowed into the economy by March 2026.
22 July 2026 · Joy Online →
Leadership exhaustion becomes organisational culture, with teams mirroring their leaders' emotional and operational pace. When exhaustion is treated as a badge of commitment in African boardrooms, the resulting burnout reduces clarity, stifles creativity, and drives disengagement among top staff, ultimately hollowing out human energy despite surface appearance of activity.
29 June 2026 · Business & Financial Times →
Africa needs to develop its own innovation capacity to create and govern AI systems that reflect African realities rather than relying on technology designed elsewhere. African startups raised $3.9 billion across 506 deals in 2025, with African investors accounting for 45 per cent of total funding, a record high.
9 June 2026 · Business & Financial Times →
Bernard Kelvin Clive argues that while AI and automation tools help businesses move faster and innovate, business owners risk building fast companies that cannot last if they automate everything without developing people who understand the business's roots, values, and culture. Legacy, he contends, runs through people, not systems.
8 June 2026 · Business & Financial Times →
Access Bank (Ghana) Plc has appointed Eugene Ocansey as Executive Director, Retail and SME Banking, and Nana Kwabena Afoom as Executive Director, Wholesale Banking, following Bank of Ghana regulatory approval. The executives bring more than four decades of combined experience in retail banking, SME development, corporate and institutional banking, digital transformation, and risk management.
5 June 2026 · Business & Financial Times →
Technology is reshaping organisations, but human creativity, judgment, ethics, and emotional intelligence provide direction that machines cannot replicate. According to the 2025 World Economic Forum Future of Jobs Report, AI and information processing technologies are expected to transform 86 percent of businesses by 2030, with an estimated net increase of 78 million jobs globally despite 92 million job displacements.
2 June 2026 · Business & Financial Times →
Artificial Intelligence has moved beyond being a futuristic concept to become a defining force in the modern workplace across industries, with the critical question being not whether AI will replace traditional talents but whether workers are prepared to evolve and remain competitive alongside machine intelligence. According to a 2025 McKinsey report, over 75 percent of organizations globally have adopted some form of AI.
29 May 2026 · Business & Financial Times →
Yango Group has launched Yango Tech in Africa to offer AI and digital infrastructure solutions to businesses, city authorities and public-sector organizations across mobility, healthcare, financial services and retail sectors.
21 May 2026 · Joy Online →
Africa's greatest AI risk is not lagging behind but becoming digitally dependent within systems it does not control. Unlike previous technology waves, AI is becoming the foundational architecture beneath society—shaping economies, labour, decisions, and competition—yet most infrastructure powering AI growth remains concentrated in a small number of countries and tech companies.
20 May 2026 · Business & Financial Times →
Over 60 percent of financial institutions have implemented AI in at least one key function, particularly credit decisioning, with applications ranging from faster approvals to expanded access to underserved populations. However, governance has not kept pace, as AI models often lack transparency and interpretability, creating challenges for regulators and institutions to oversee decision-making processes.
13 May 2026 · Business & Financial Times →
Over 60% of global financial institutions have implemented AI in at least one key lending function, enabling faster approvals and wider credit access. However, the complexity and opacity of AI systems create governance challenges, as institutions cannot fully explain how their AI-driven lending decisions are made.
5 May 2026 · Joy Online →