Author: editor

Huawei calculated move  to boost its global business prospects

Huawei calculated move to boost its global business prospects

Business, FinTech, Internet, Mobile, Technology
Huawei calculated move to boost its global business prospects Global technology firm Huawei has embarked on a bold product and services review and enhancement program. This was as part of its business growth strategy to facilitate a fully connected, intelligent world. The finetuning program is geared at enhancing the firm’s digital technologies delivery capacity in the face of the global business challenges arising from the Covid-19 pandemic, among other geopolitical and economic challenges. Speaking when he addressed the Huawei 18th Global Analyst Summit following the recent release of the firm’s 2020 Annual report, Huawei Rotating Chairman Mr. Eric Xu said the firm’s 2021 growth strategy is anchored on five strategic initiatives. The initiatives are geared at optimizing the
Safaricom becomes the first institution to offer 5G Network services in East Africa

Safaricom becomes the first institution to offer 5G Network services in East Africa

Business, Internet, Technology
Safaricom becomes the first operator to offer commercial and superfast 5G network services in East Africa. Safaricom plans to partner with the government and corporates in revving up its newly launched 5G mobile Internet services. To deepen innovation in the health and agriculture sectors. This will be a success through value addition in other sectors and platforms. The telco on Friday launched the upgraded network in major urban centers including Nairobi, Kisumu, Kisii and Kakamega, all of which routinely witness increased data traffic. “The 5G network heralds the era of intelligent connectivity and will be a key driver of this strategy by enabling us to build on the investments and successes of the last two decades to catapult Safaricom to the next level as we enable digital
Kenya Trade Ministry partnership to bridge digital skills gap

Kenya Trade Ministry partnership to bridge digital skills gap

Business, Governance, Startups, Technology
Kenya Government has partnered with Stanbic Kenya Foundation and Microsoft Kenya to impart over 50,000 entrepreneurs with digital skills. The partnership signed between the Ministry of Industrialization, Trade and Enterprise Development and Stanbic Kenya Foundation is going to enhance the employability of MSMEs and Kenyan citizens through digital upskilling. The partnership role to address digital skills gap. It will see private sector players address a digital skills gap within the market through the rich digital learning and skilling Initiative. The programme will target individuals who have lost their jobs during the COVID-19 economic downturn. Stanbic Bank and Microsoft Kenya will roll out the programme across the various counties in Kenya with support from the Ministry an...
Celebrating International Day of Women & Girls in Science

Celebrating International Day of Women & Girls in Science

Technology, Women
Women and girls represent half of the world’s population and, therefore, also half of its potential. Gender equality, besides being a fundamental human right, is essential to achieve peaceful societies, with full human potential and sustainable development. On 11 February, the United Nations, partners worldwide, women and girls set aside this day to mark the International Day of Women and Girls in Science. The Day focuses on the reality that science and gender equality are both vital for the achievement of internationally agreed development goals, including the 2030 Agenda for Sustainable Development. This year's theme is, "Women Scientists at the forefront of the fight against COVID-19." It will be sixth International Day of Women and Girls in Science Assembly whose theme
Safer Internet Day 2021: Together for a Better Internet

Safer Internet Day 2021: Together for a Better Internet

FinTech, Internet, Technology
Safer Internet Day (SID) is an EU wide initiative to promote a safer internet for all users, especially young people. The theme for Safer Internet Day 2021 is “Together for a Better Internet." Over the years, Safer Internet Day has become a landmark event in the online safety calendar. Starting as an initiative of the EU SafeBorders project in 2004 and taken up by the Insafe network as one of its earliest actions in 2005, Safer Internet Day has grown beyond its traditional geographic zone and is currently celebrated in approximately 170 countries worldwide. From cyberbullying to social networking to digital identity, each year Safer Internet Day aims to raise awareness of emerging online issues and current concerns. Safer Internet Day 2021 takes place on Tuesday, February 9th, and
The Rise and Rise of Big Tech Globally.

The Rise and Rise of Big Tech Globally.

FinTech, Governance, Internet, Technology
The rise of global technology superstars like Amazon, Apple, Facebook and Google has created new challenges for the competition watchdogs who enforce antitrust laws around the world. The big tech companies dominate markets in e-commerce and smartphones, search advertising and social-media traffic. In the U.S., Google and Facebook Inc. together collect more than half of digital advertising spending and Apple Inc. has about 46% of the smartphone market. The House antitrust report estimated that 50% or more of U.S. e-commerce sales goes through Amazon.com Inc.; that 99% of mobile devices in the U.S. and globally run on Apple’s iOS or Google’s Android systems; that Google captures about 89% of all general search queries in the U.S.; and that Facebook’s app reached 74% of U.S. smartphone
Stripe Acquires Paystack

Stripe Acquires Paystack

Business, FinTech, Mobile, Startups
Payment processing giant Stripe has acquired Nigerian startup Paystack in a $200M+ deal. Stripe seeks to expand into the African Market in its bigger strategy announced earlier this year to expand its API- based payment processing services to more regions.   Paystack, like Stripe offers online payment integration services using APIs to facilitate transactions. To date, Paystack has approximately 60 000 customers ranging from small businesses, fintechs to large corporations. The acquisition makes it the biggest startup acquisition in Nigeria as well Stripes biggest acquisition to date. Valued at $36 Billion, Stripe is actively expanding its global presence through acquiring smaller companies in different regions. In the last 2 years, stripe has expanded its operations t...
Dubai tech payment firm ‘Mondia Pay’ eyes Kenya

Dubai tech payment firm ‘Mondia Pay’ eyes Kenya

Business, Technology
Mondia Pay, Mondia’s digital payment entity, announced it recently onboarded a series of new clients and is fast becoming the preferred digital payment solutions provider for telecom operators across Africa. “The African operators we are talking to are all seeing an increase in payment purchases for digital services and they are keen to get ahead of the curve to capitalise on this opportunity,” said Mondia Pay founder-chief executive Simon Rahmann. The Dubai-based digital payment provider Mondia Pay has initiated talks with local telecommunication operators, setting its eyes on the lucrative intra-Africa e-commerce business. The firm, handling 1.3 billion accounts in 48 countries in partnership with 80 telco operators, said Kenya, Mozambique, Ethiopia, the Democratic Republic of C
Instagram to debut revenue sharing with creators through IGTV ads

Instagram to debut revenue sharing with creators through IGTV ads

Business, Mobile, social media
For the first time in its history, social media platform Instagram will start sharing revenue with creators through ads in IGTV and badges that viewers can purchase on Instagram Live. The company has hinted that ads would come to IGTV for more than a year, often saying the long-form video offering would be the most likely place it’d first pay creators. The new tools that enable video creators to make money, including badges that viewers can purchase during Instagram Live videos and the introduction of IGTV ads. Both launches are considered a test, as the company is limiting the features’ availability during its experimentation phase, it says. Badges will give viewers a way to support their favorite creators while also standing out in the comments, similar to efforts on other live video p
Internet Shutdown in India to control protesters

Internet Shutdown in India to control protesters

Governance
India shut down the internet in the state of Assam on Thursday, after citizens took to the streets to protest a controversial new citizenship rule. It’s the latest example of a worrying worldwide trend: cutting online access to control the people. The news: On Wednesday, India’s government approved the Citizenship Amendment Bill, which creates a path for citizenship for minorities from Afghanistan, Pakistan, and Bangladesh (but not for the country’s Muslim minority). In the state of Assam, where residents have long been unhappy about immigration from nearby Bangladesh, protesters set fire to train stations. The government sent in troops and shut down the internet, according to CNN. What’s the big deal? In an increasingly connected world, shutdowns are a way to stop protest