Technology

Jumia might be on the verge of a collapse, MTN not selling stake share

Jumia might be on the verge of a collapse, MTN not selling stake share

Business, Startups, Technology
Venture Beat reports that Jumia, one of Nigeria’s largest online retailers has allegedly laid off 300 of its workers in Nigeria, which accounts for about 30% of its 1000-person workforce in Nigeria. This has raised concerns as to whether the end is near for the online retailer and what this could mean for the Rocket-funded e-commerce outfit. The major investor in Jumia, Rocket internet has a reputation for downsizing. In a similar event, Rocket Internet closed some of its offices in Turkey  in 2012, firing 400 workers in the process. While a similar event may be playing out in Nigeria, Kaymu (another Rocket Internet portfolio company) closed its Zambia office. Citing “macroeconomic reasons,” the online shopping platform shut down its operations in Zambia at the beginning of the month.
Ethereum Co-Founder Says Crypto Growth In Near its ‘Ceiling’

Ethereum Co-Founder Says Crypto Growth In Near its ‘Ceiling’

Business, Technology
The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum. “The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in a Sept. 8 interview with Bloomberg at the Ethereum Industry Summit conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.” Vitalik Buterin Photographer: David Paul Morris/Bloomberg Growth in Bitcoin and other cryptocurrencies in the blockchain community through its first six or seven years was dependent on mark
UK Looks to Ambitious new Innovation Partnerships with African countries

UK Looks to Ambitious new Innovation Partnerships with African countries

Startups, Technology
A series of ambitious new Innovation Partnerships between the UK and Africa are expected to stimulate significant economic growth and support the creation of thousands of new jobs. The partnerships, announced by the Prime Minister as the UK strengthens ties with the region, will be established in African countries with growing tech sectors where there are young, expanding populations with ideas and innovations developing at a rapid pace. Building on the UK’s already-strong investment in science and research in Africa, the partnerships will enable UK and African entrepreneurs to share skills and ideas, and encourage future trade. The increased engagement comes after the Department for International Trade announced the appointment of a dedicated HM Trade Commissioner to Africa. Emma W
Twitter is tests personalized ‘unfollow’, may now suggest accounts to flag off

Twitter is tests personalized ‘unfollow’, may now suggest accounts to flag off

social media, Technology
Twitter tested a feature that suggests users to unfollow, as first spotted by TheNextWeb’s Matt Navarra earlier today. The test lasted for only a few days, and it has since concluded. Twitter is now suggesting accounts to UNFOLLOW! h/t @medavep who got told to unfollow me! pic.twitter.com/PNaY7aQ9i0 — Matt Navarra (@MattNavarra) August 29, 2018 “We know that people want a relevant Twitter timeline. One way to do this is by unfollowing people they don’t engage with regularly,” reads a Twitter statement given to The Verge. “We ran an incredibly limited test to surface accounts that people were not engaging with to check if they’d like to unfollow them.” For years, Twitter has recommended "Who to Follow," but the company is also testing the reverse. That's right, some users are
Smart speakers from secondary sellers could be pre-loaded with spyware

Smart speakers from secondary sellers could be pre-loaded with spyware

Cyber Security, Technology
It seems like there are smart speakers just about everywhere these days and security experts warn smart speakers from secondary sellers could be used to spy on unsuspecting consumers, according to Forbes. Ariel Hochstadt, the co-founder of online privacy company vpnMentor, warned that it’s possible for hackers and malicious actors to manipulate smart home speakers, and specifically to bug the device and insert spying tools. “The buyer would not be aware that they have purchased a pre-hacked device and, therefore, once in the home, the hackers would be able to access it remotely without ever having to enter the home,” he warned, per Forbes. Primarily at risk to this type of attack is the first-generation Amazon Echo — the original model of Amazon’s wildly popular smart speaker equippe