SEACOM ready to power the next wave of enterprise connectivity across Africa
SEACOM landed 10 years ago as the first undersea cable to provide internet services in Africa. This was after a 2-year construction project that cost more than $500 Million (KSh51.5 [...]
Huawei installs facial recognition CCTVs to fight crime in Uganda
Huawei is rolling out facial recognition cameras in Uganda to help fight crime. According to Reuters, the company is planning to install 3200 CCTVs in Uganda as part of its [...]Nigerian Stock Exchange derivatives market partners with JP Morgan
The Nigerian Stock Exchange has recently announced a collaboration with JP Morgan Chase with the aim to facilitate an in-depth capacity building program in the derivatives market. According to the [...]FBI arrest Nigerian Businessman for alleged $ 11 million fraud.
The Federal Bureau of Investigations arrested Obinwanne Okeke for conspiracy to commit fraud worth Kshs 1.1 billion ($11 million) in an online phishing scam. The arrest reveals the gravity of [...]Africa's largest bank partners with fintech company to offer financial services to SMEs
Standard Bank, the largest bank in Africa by assets, has invested $4 (KSh412) million in the fintech firm Nomanini, in a partnership that seeks to help informal traders in African [...]Tanzania’s Central Bank warns banks against data non-compliance.
The Central Bank of Tanzania has sounded a warning against banks and financial institutions that lack a primary data center in Tanzania. The Bank now requires financial institutions in the [...]Uganda Revives its National Carrier after 18 years
Revived Uganda Airlines is set to reenter the East African skyline this week after nearly 18 years out of the skies. The airline plans to four initial destinations Nairobi, Dar-es-Salaam, [...]
Lessons from the JSE: AltX, an alternative exchange for medium-sized companies
AltX is an alternative segment at the Johannesburg Stock Exchange for small and medium-sized businesses to catalyze their growth. This public exchange gives companies an option to list on the [...]Naspers gets investors approval to sell its stake in Tencent
Africa's most valuable company, Naspers Ltd, secured enough votes from its shareholders to proceed with listing Prosus NV in the Dutch Stock market on September 11. On Friday, the company [...]Google launches policy to regulate personal loan apps
Google might be on the verge to protect customers from predatory lending, thanks to its latest policies for mobile loan applications. The new developer policy aims to limit developers from [...]Air Tanzania plane impounded in South Africa
An Air Tanzania plane that was due to fly from the OR Tambo International Airport on Friday was impounded by South African authorities. This followed a court order issued by [...]Egyptian stocks expected to soar even higher amid interest rate cuts
The world anticipates stocks on the Egyptian Stock Exchange (EGX) to rise further as the country cuts its interest rates. The country's Monetary Policy Committee reduced Egypt's benchmark deposit rate [...]
