Tag: technology in Africa

Companies ought to change their approach to IT security

Companies ought to change their approach to IT security

Cyber Security
Amidst rapidly changing technological realm, opportunities and challenges that the technology provides has become elusive. We are at a crossroads as we move from a society already snarled with the internet to the coming age of automation, Big Data, and the Internet of Things (IoT). But as the society operates largely on technology, it may have gone too far in technology dependence. While it brings greater benefits, by the very nature of the opportunities it presents it becomes a focal point for cybercrime, industrial espionage, and cyberattacks. The current digital business landscape sees many organisations face a myriad of evolving security threats. Based on experiences, companies today tend to spend 80% of their security budgets on trying to prevent security breaches, but only ...
Digital currency could spark African financial revolution

Digital currency could spark African financial revolution

Technology
The conversation about digital currencies in Africa jumped several notches when M-Pesa, sub-Saharan Africa’s world-leading mobile payment platform, embraced bitcoin. The conversation has grown loud enough to spawn annual conferences such as Afrikoin, trade and advocacy organizations such as the African Digital Currency Association, blogs, consultancies, news services, and even films.  Currently there are many different cryptocurrencies, with Bitcoin being the most well-known. During the first half of 2017, Bitcoin’s average number of daily transactions totalled 288,953 – up 182% over the same period two years ago. Despite its growth, this number still pales in comparison to Visa’s 150 million daily transactions, but the evidence is there that cryptocurrency could soon prove a force
Does Lack of local content hinder Internet Adoption?

Does Lack of local content hinder Internet Adoption?

Internet
Sub-Saharan Africa has seen great improvements in connectivity infrastructure, with increasing investment in access infrastructure including mobile internet networks and fibre backbones. While this is a step in the right direction, the adoption of technologies such as 3G and 4G is lagging behind, raising the question of why it's taking so long for Africa to get online. Although agriculture and natural resources which have proved workable in Africa will continue to be important drivers of Africa’s economic growth in 2011, it is the application of modern technologies that will have the most significant impact on the growth trajectories of most African economies. Specifically, the greatest opportunity for growth is deemed come from technological innovation and the adoption of new technologi
Mobile money competition rises with the introduction of Visa payment service

Mobile money competition rises with the introduction of Visa payment service

Technology
Kenya is one of the most attractive markets for mobile money because of the success of Mpesa, launched by Safaricom, which is 40 per cent owned by Vodafone, nine years ago. Visa, the world’s largest payment company, has taken the competition for mobile money service a notch higher with the launch of mVisa that enables Kenyans use mobile phones to transact cash and make payments. The payment service platform has partnered with four banks in Kenya to launch a mobile phone payments platform that will mount the first credible challenge to the country’s dominant Mpesa system. The rollout of the service will enable Kenyans make free domestic mobile money transfers using mVisa. The daily limit for person to person transfers is set to be Sh250,000 with the per transaction limit being
LG Electronics  Kenya Launches an Online Shopping Platform

LG Electronics Kenya Launches an Online Shopping Platform

Business, Internet
The e-Commerce sector in Kenya is developing at a high rate to keep pace with the ever changing technology. On this note, LG Electronics is now tapping into the online space with the launch of an independent e-commerce channel in an effort to increasing the company’s footprint in the country. According to LG, opening the online platform the company is increasing its products’ availability beyond the physical stores. "We are thrilled to launch online shopping in Kenya,” says Janghoon Chung, Managing Director East and Central Africa. “This significant milestone fully rounds out LG’s multichannel offering. Along with seven retail stores and products available in major supermarkets, our customers in Kenya will now have twenty-four-hour access to the best of our innovative, genuine and qualit