Internet

Safaricom, Airtel and Telkom Kenya to split their telecom and mobile money business units if new bill passes

Safaricom, Airtel and Telkom Kenya to split their telecom and mobile money business units if new bill passes

Broadband, Internet, Mobile
Safaricom, Airtel and Telkom Kenya will be required to split their telecommunications business from their mobile money transfer and lending units if a Bill set to be presented for debate in Parliament is passed into law. The Kenya Information and Communications (Amendment) Bill 2019, which is sponsored by Gem MP Elisha Odhiambo, is seeking to compel mobile phone companies to form separate arms to manage any other business they engage in outside telecommunications services. In a move that could complicate the business environment for the telcos, the Bill says they will have to apply for licences "from the respective regulators of any industry or sector ventured into". They will also be required to "legally split or separate the telecommunciations business from such other business. ...
IDRC and Oxford Insights Ranks Kenya First in Africa for the Adoption of New Technology

IDRC and Oxford Insights Ranks Kenya First in Africa for the Adoption of New Technology

Internet, Startups, Technology
The most recent study by the International Development Research Center (IDRC) and Oxford Insights reveals that Kenya ranks first in Africa to prepare for the adoption of the new technology. In the global level, Kenya ranks 52nd, leaving behind other African countries. It is the most prepared country for artificial intelligence in Africa, According to the 2019 Government AI Readiness Index published. Out of the 194 countries ranked in the world, 12 African countries are in the top100. Kenya is the 52nd globally followed by Tunisia (54th), Mauritius (60th), South Africa (68th) and Ghana (75th). The other countries in the top100 are Morocco (80th), Uganda (91st), Senegal (93rd), Tanzania (94th) and Rwanda (99th). The indicators taken into account during the elaboration of this index are pe
Safaricom to target new liberalizing markets once it fully acquires MPesa from parent Vodafone

Safaricom to target new liberalizing markets once it fully acquires MPesa from parent Vodafone

Business, Internet, Mobile
Safaricom is working on a joint venture with Vodacom Group to acquire the MPESA brand from Vodafone. The deal, when finalized, will cost the two companies $13.4 million. According to Collymore, acquiring the rights to MPESA will allow the partners to expand the platform’s footprint in Africa and develop more local products. “We are watching Ethiopia closely because as we see the liberalization of the markets, both the mobile payments market, the telecoms market and the banking sector, we think there could be opportunities,” Collymore said. Speaking to The Africa Report in February, Collymore had said a successor should be, “Someone who understands the financial sector a lot more, if we are to occupy the fintech space, and someone who is not going to be scared of going into other mark
UK cybersecurity official says China’s Huawei needs to raise its “shoddy” security standards

UK cybersecurity official says China’s Huawei needs to raise its “shoddy” security standards

Cyber Security, Governance, Internet
China’s Huawei Technologies needs to raise its “shoddy” security standards which fall below rivals, a senior British cyber security official said on Thursday, as the company came under increasing pressure internationally. The US has led allegations that Huawei’s equipment can be used by Beijing for espionage operations, with Washington urging allies to bar the company from 5G networks. British officials have also raised concerns about security issues but said they can manage the risks and have seen no evidence of spying. Huawei has repeatedly denied the allegations against it. “Huawei as a company builds stuff very differently to their Western counterparts. Part of that is because of how quickly they’ve grown up, part of it could be cultural – who knows,” said Ian
Why Tech giants like Google and Microsoft are flocking to Africa

Why Tech giants like Google and Microsoft are flocking to Africa

Business, Internet, Technology
Now approaching 226 million, the number of smartphone connections across Africa has doubled over the last two years, according to a report published by GSMA on Africa's mobile economy. This leap coupled with the growing number of technology hubs and companies in major African cities is a boon for tech investors. It's why Microsoft and Google are not the only international technology companies staking their claims on the continent. Thanks to one of Google's many products, TensorFlow, rural farmers on the continent can diagnose diseased plants by taking a photo of it. TensorFlow came with the launch of Google's artificial intelligence (AI) center in Accra, Ghana's capital city earlier this year. The center, one of the multinational tech company's many investments in Africa, is compr...