Mobile

You should never recycle passwords

You should never recycle passwords

Cyber Security, Mobile, social media
Using one password for everything is convenient, but it’s also dangerously insecure. We examine the case of Mark, a young designer. Mark is a regular guy. He has e-mail, Facebook, Instagram, Amazon, eBay, Steam, and Battle.net accounts, not to mention ones for another dozen online stores and a forum dedicated to his favorite video game. The accounts are all linked to his e-mail. One day, the customer database of one of the online stores Mark has an account at suffers a leak (apparently it was kept unencrypted on an open-access server). No credit card information is stolen, but e-mail addresses, names, and passwords are. At first glance, there seems no particular reason to worry. Such leaks happen, and this is just a small online store — can you blame a humble shopkeeper
Fintech Disruptive Moves Threaten Kenyan banks-McKinsey

Fintech Disruptive Moves Threaten Kenyan banks-McKinsey

Business, Mobile, Technology
McKinsey & Company has warned that Kenyan banks risk being crowded out of the daily payments and commerce space in financial intermediation by agile and innovative financial technology (fintech) companies and must act urgently to protect their turf, global consultancy. “In devising their strategies, banks could focus on owning the next generation payments landscape (for example contactless, QR, e-commerce etc) and building an ecosystem of value added services to recapture share in everyday commerce and transactions,” said Tawanda Sibanda, a partner at McKinsey. “Banks could also move first to serve the long-tail of underserved small and medium-sized enterprises (SMEs) in the market through entirely digital offerings.” The firm says, in its eighth annual review of the global bankin
MPesa and Western Union partner to facilitate easier overseas cash remittance

MPesa and Western Union partner to facilitate easier overseas cash remittance

Business, Mobile
In a new deal signed this Tuesday, Safaricom and Western Union have partnered to make cash transfers overseas easier for MPesa users at a cost between a minimum of Sh100 for a transaction of up to Sh5,000 and Sh500 for remitting offshore more than Sh35,000, Safaricom said. The partnership will see the more than 21 million of the globally-acclaimed mobile money service subscribers send a maximum of KES70,000 daily to family, friends and business partners abroad through the 500,000 plus Western Union’s agents in close to 200 countries. Western Union’s regional vice president for Southern, East and Anglophone West Africa Richard Malcom said, “This is real a game-changer, a first one in the world for us,” Mr Malcom said. “Kenyans who have children studying abroad can now send them money
Egypt’s competition watchdog warns Uber and Careem could face up to $28 million in fines each for merger

Egypt’s competition watchdog warns Uber and Careem could face up to $28 million in fines each for merger

Business, Mobile
Egypt’s competition watchdog has warned Uber and Careem once again against the merger. The regulator, Egyptian Competition Authority, had first warned the two companies last month against a merger amid rumors about acquisition and merger talks between them. But this time, the authority has gone a step further and said that they could slap fines of up to 500 million EGP ($28 million) per infringement on each person relevant person (read: party) involved in the deal. Dr. Amir Nabil, Chairman of the Egyptian Competition Authority, in a statement issued last week, said, “Uber and Careem are the only ride-hailing applications available in Egypt. Any anticompetitive interaction or harmonization of their business strategies including agreement to merge has the potential to cause serious and ir
Google Launches Street View for Kenya’s Major cities on its maps

Google Launches Street View for Kenya’s Major cities on its maps

Internet, Mobile, social media, Technology
During it's #Google4Kenya event this morning, Google has annouced that it has launched Street View of Nairobi, Mombasa, Kisumu, Eldoret, Nakuru, Nyeri and Malindi - now available on Googlemaps and accessible to everyone, around the world. Google Street View is a technology featured in Google Maps and Google Earth that provides panoramic views from positions along many streets in the world. It was launched in 2007 in several cities in the United States, and has since expanded to include cities and rural areas worldwide. We’ve launched Street View of Nairobi, Mombasa, Kisumu, Eldoret, Nakuru, Nyeri and Malindi - now available on @googlemaps and accessible to everyone, around the world #Google4Kenya #twatembeapamojahttps://t.co/YiIGy1sNZQ — Google in Africa (@googleafrica) October 15,