2 October 2019| Volume 78 | Edition 9
Naledi: an African solution to an African problem By Akhona Matshoba
UCT students develop financial management and banking assistant Naledi with hopes to solve the problem of financial exclusion and illiteracy.
Source: Thapelo Nthite
D
esigned and developed by Thapelo Nthite along with his peers Xolisani Nkwentsha, Sange Maxaku and Bonolo Malebo, Naledi uses WhatsApp to interact with its users, helping them with transactions and with managing their finances responsibly. “Naledi will give users insight on their spending habits helping them make better financial decisions,” said Nthite, a fourth-year Mechatronics student. “For people who would like to learn and improve their financial literacy.” Competent in four South African languages, Naledi can interact with users in Setswana, isiXhosa, isiZulu, and English. By speaking the language people understand, Naledi allows users access to resources that were otherwise unavailable to them. “A lot of people are being left behind because they are not comfortable. They do not trust the language because they do not understand it,” Nthite says.
“We want to lead Africa in joining that conversation.” For Sange Maxaku, an Electrical Engineering master’s student, Naledi is for people who not only have WhatsApp and a bank account but “for someone who would like to interact with their banks in their language.” Nthite adds that the assistant is “for people who would like to learn and improve their financial literacy.”
“We want to enable developers and innovators to use our languages and models to build systems.”
After claiming victory at the African DataHack4FI innovation competition held in Rwanda earlier this year, the team saw the win as validation, motivating them to continue with their work. In the future, Nthite envisions himself and his peers leading the conversation of AI in Africa. “We want to enable developers and innovators to use our languages and When asked about the motivation behind models to build systems.” Now, according to this ground-breaking financial management and these innovative students, the next milestone is banking assistant, Nkwentsha, also an Electrical launching Naledi to the public. Engineering master’s student, noted the need for Africa to partake in conversations around Artificial Intelligence (AI). “AI is the biggest thing happening globally, but Africa is not part of that conversation… We want to lead Africa in joining that conversation.”