Image sourced from News24 Telkom Kenya says that it is facing delays in getting approval from the Communications Authority of Kenya (CA) for its two mobile money subsidiaries that it announced last year. According to Business Daily, the telecommunications company announced Telkom Digital and T-Kash in May 2021 as a bid to reorganise its company structure. T-Kash, the telco’s mobile money services will reportedly house T-Kash Loan, a loan service that hasn’t been activated on the app as yet. The digital subsidiary is expected to involve infrastructure including a fibre network, international submarines cables, and a smart landing hub to act as a gateway to the East African region amid increased demand for data service, as per Business Daily. “We have done most of it we are waiting for the r...
The past few weeks have been interesting and have surfaced what we in the financial services industry call matters requiring attention, or MRAs. An MRA describes a practice that deviates from sound governance, internal controls and risk management principles. These matters that require attention have the potential to adversely affect the industry and increase the risk profile. I have always focused on technology and innovation-led business models — systems and interconnected elements of blockchain-powered business networks — redefining the transaction systems that power many industries, including financial services. A growing number of naysayers have become vocal about recent events, which have revealed extensive mismanagement, ill-defined and misgoverned systems, and general misrepr...
Industry 4.0, IIoT, and smart manufacturing are all buzzwords that we’ve been talking about for years. Many of us have had visions of factory floors run by futuristic robots and drones reminiscent of SciFi movies like iRobot. Well, it seems that life is indeed starting to imitate art; a 2021 McKinsey & Company survey concluded that many global manufacturing companies were able to keep their operations running during the pandemic, thanks to Industry 4.0. Furthermore, more than half of the respondents indicated that technology played a fundamental role in staying operational. Moreover, according to recent studies, the COVID-19 pandemic has vaulted us five years forward in digital business adoption. More and more manufacturers are considering actively adopting “lights out” factories and s...
Building a career or constructing a team in decentralized finance (DeFi) and crypto relies on finding talent, skills and the right attitude anywhere, in anyone. While this is no different than other industries, what makes ours unique are the much-needed, specialized skill sets combined with finding a good culture fit in an international and remote setting. Despite recent turbulence in markets, crypto companies continue building and growing. The increased energy and legitimacy in the industry over the years has many people wanting to make the switch from Web2 to Web3. This requires recruiters to sift through hundreds of applicants every month, but how do you find the right people who are enthusiastic about the ethos of the industry and excited to build impactful technology? Here are a few r...