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U3A talk covers artificial intelligence

Personal Finance Talk of the Town

Don Powis Hall at Settlers Park was full of people who were listening with much interest when Dr David Morrell delivered a talk about the implications of the Fourth Industrial Revolution for medicine last Thursday.
'Don Powis Hall at Settlers Park was full of people who were listening with much interest when Dr David Morrell delivered a talk about the implications of the Fourth Industrial Revolution for medicine last Thursday.ROBOTICS TALK: Dr David Morrell gave a talk on a number of different topics relating to the Fourth Industrial Revolution in medicine and technology at Don Powis Hall, Settlers Park last Thursday Picture: NTOMBI MSUTU In his talk he first told people about the history of different revolutions and when it all started, where we are currently, and were we headed as humans and technologically. “Today I will be covering a topic that is in everyone’s lips.Back in the days humans were hunters, we hunted for food, then agricultural revolution came, after that we the scientific revolution, and that was followed by the industrial revolution.” “The Fourth Industrial Revolution represents a fundamental change in the way we live, work and relate to one another.It is a new chapter in human development, enabled by extraordinary technological advances commensurate with those of the first, second and third industrial revolutions,” Morrell said.He also mentioned quite a few geniuses who are behind the inventions of computer science and technology.He mentioned the likes of Charles Babbage, known as the father of computers, who designed the first automatic computing engines.He invented computers but failed to build them.The first complete Babbage Engine was completed in London in 2002, 153 years after it was designed. “This is to show that computers have always been there and [the idea of] singularity is becoming more popular as the years progress.Ray Kurzweil director of engineering at google once mentioned that singularity will be achieved in 2045.Now my question is should we fear singularity or should we embrace it,” Morrell said.He spoke further on artificial intelligence, saying that AI will have more impact than electricity as time progresses.It will also have effect on employment as the deep learning of computers now surpasses humans, and machines can now recognise the same patterns human brains can. “All of this is also affecting our climate badly, and we are likely to have mass extinction by 2050.Insects are also declining at an alarming rate and that also poses a threat to pollination, and that should worry us as humans, because we need nature,” Morrell added.NTOMBENTSHA MSUTU . The post U3A talk covers artificial intelligence appeared first on Talk of the Town .'

Stanbic Bank Uganda appoints Dogo Singh Head of Bancassurance

Personal Finance East African Business Week

Dogo Singh has been appointed as the new head of Bancassurance at Stanbic Bank.
'Dogo Singh has been appointed as the new head of Bancassurance at Stanbic Bank.His role is to oversee the Banassurance side of business of the bank.Stanbic was the first bank to receive a Bancassurance license in 2017.He is responsible for winning and growing the banks Bancassurance clientele.Work experience Dogo has over 15 years work experience having previously worked with DHL and most recently UAP Old Mutual in different roles.He has a very good comprehension of under writing and business acquisition and business management and a strong knowledge of people management.He has managed about 250 people of different capacities both directly and indirectly.Dogo has a passion for mentorship, and empowering young people.He is a board member of AIESEC which is an international exchange program for students and a board member for Public Health Ambassador Uganda He has a Bachelor of Science Degree and an MBA in business   . The post Stanbic Bank Uganda appoints Dogo Singh Head of Bancassurance appeared first on East African Business Week .'

Here’s how Ayanda Dlodlo plans to save the State Security Agency

Personal Finance The South African

Dlodlo did not quantify the number of outstanding cases.
'State Security Minister Ayanda Dlodlo on Thursday said she aimed to rebuild the image of the State Security Agency after it had suffered reputation damage in the recent past . “One of our key priorities is the rebuilding of the image of the Agency which has suffered some considerable damage in the recent past,” she said in her budget vote speech to Parliament. Plans to save South Africa’s State Security Agency To this end, the department would appoint someone with the right skills to help clear the backlog of disciplinary cases against staff, she said. Dlodlo did not quantify the number of outstanding cases. She said the department had embarked on a skills audit, which should be completed in four months and would by the end of September appoint a head of research and development to ensure that it recruited the right members in the future. “In the next two months, we will ensure that we establish the following governance structures: a Ministerial Advisory Committee on appeals, a Ministerial Advisory Committee on declassification, an Advisory Board for the intelligence academy and the appointment of Commissioners for the ICCS,” Dlodlo said.  “This work will go a long way in addressing the issues identified in the last audit outcomes in the Auditor General’s report.  “Honourable chairperson, my predecessor had announced a number of interventions such as enhanced collaboration with the Anti-Corruption Task Team, in addition to measures to deal with corruption within the agency itself,” Dlodlo said. “To this end, I have thus requested Minister Mchunu for the DPSA (Department of Public Service and Administration) to assist us to develop an ethics and integrity framework for the agency.  “We are confident that such a framework will lay a solid foundation for a credible and ethical environment and the appointment of ethics officers in the agency. “In the next eight months, we will be reviewing and updating some of our policy and legislative instruments to strengthen our capacity to carry out our mandate. Among others is the review of the White Paper on Intelligence and the Minimum Information Security Standard,” Dlodlo said. By African News Agency (ANA); Editing by Naomi Mackay .'

‘Insurance Could Overtake Banking Sector In Ghana’

Personal Finance DailyGuide Network

Editor-in-Chief of Integrity Magazine, Rev.
'Editor-in-Chief of Integrity Magazine, Rev.Kennedy Okosun, has indicated that the insurance industry could overtake the banking sector in Ghana in terms of Gross Domestic Product (GDP). According to him, sound policies have resulted in the insurance industry taking over the banking sector in some countries around the world.He was speaking at the launch of Integrity Magazine Insurance Breakfast Meeting scheduled for August 9, 2019.The meeting is to be held under the theme: “Maintaining The Fiduciary Relationship Between the insured public and their insurers,” and would bring together about 150 heads and officials of the insurance industry in Ghana.According to him, the insurance industry plays a very important role in the economy. “The business (insurance) is a well developed one and even though the penetration is low, it continues to generate year on year profits,” he said.He noted that a well-developed insurance industry would improve the stability of the financial markets and protect individuals and businesses from losses through natural disasters or accidents.He urged every Ghanaian to take insurance seriously, saying the insurance industry should be one that every Ghanaian pay attention to. “Insurance should not be left to only those perceived to be wealthy or have the means.You may think insurance is not important to you because you do not have a car or a house or some very valuable property that costs so much need to insure,” he said.He noted that some Ghanaians seem to be suspicious about insurers.BY Melvin Tarlue . The post ‘Insurance Could Overtake Banking Sector In Ghana’ appeared first on DailyGuide Network .'

SARB cuts interest rate by 25bps; halves 2019 growth forecast

Personal Finance BizNews.com

South Africa’s central bank cut its benchmark interest rate for the first time in more than a year as it almost halved its economic growth forecast for the year.
'By Amogelang Mbatha and John McCorry (Bloomberg) – South Africa’s central bank cut its benchmark interest rate for the first time in more than a year as it almost halved its economic growth forecast for the year. The Monetary Policy Committee unanimously decided to lower the repurchase rate to 6.5% from 6.75%, Governor Lesetja Kganyago told reporters Thursday in the capital, Pretoria. All but four of the 22 economists in a Bloomberg survey predicted a cut. Key insights Thursday’s move may be the last one this year. The central bank’s quarterly projection model forecasts a repurchase rate of 6.6% by the end of this year. The model sees the rate at 6.4% at the end of next year and 6.5% at the end of 2021. The cut may help to boost output in an economy that contracted the most in a decade in the first quarter and created the risk of a second recession in consecutive years. The bank lowered its growth forecast for the year to 0.6% from 1% in May. Gross domestic product hasn’t expanded at more than 2% annually since 2013. The central bank, which seeks to anchor price-growth close to the 4.5% mid-point of its target range, lowered its forecast for annual inflation this year to 4.4% from 4.5% and sees the rate staying inside the desired band until at least the end of 2021.'