technology
Minors Won’t Get Access to Loan Services in M-Pesa Junior Accounts
Image sourced from Kansas Discovery. Safaricom, a telecommunications provider in Kenya, confirmed that minors will not get access to loan services like M-Shwari and Fuliza. The Kenyan telco announced on Friday that it is introducing M-PESA Junior Accounts for individuals between the age of 10 and 18 years old. The company said that the minors will have access to the network via SIM cards registered under their guardians or parents. “We plan to soon launch an M-PESA Junior Product for our children who may have access to mobile phones,” Safaricom CEO Peter Ndegwa said. According to Techweez, M-Pesa makes the most money for the company, hence it wants to expand the scope of its M-Pesa services. It recorded a 30.3% YoY growth to KES 107.69 billion ($926.2-million). The total M-PESA transaction...
Lights Out for South Africans Once Again
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Welcome to Mars: I own everything, have total privacy and life has never been better
This is a parody of the article published by the World Economic Forum titled “Welcome to 2030. I Own Nothing, Have No Privacy And Life Has Never Been Better.” Welcome to Mars. Welcome to my city, or should I say “our city” because I, like every other inhabitant, is a stakeholder in it. No, I don’t mean “shareholder,” as this isn’t a dystopian future run by private companies. My city on Mars has a decentralized governance structure just like the greater Mars. It is not a corporation nor is it a militarized state. It is a set of institutions governed directly by The People. As a result of this system, we have police that spread peace instead of violence. We have financial systems that spread wealth instead of creating poverty. We have institutions that are open instead of closed and transpar...
M-PESA Rakes in $1.5-Billion Amid Kenya’s Betting Craze
Image sourced from WeeTracker Kenyans have spent Sh169.1-billion ($1.5-billion) betting through Safaricom’s M-Pesa in the year to March. According to Business Daily, disclosures show that the value of bets jumped 23.8 percent from Sh136-billion ($1.2-billion) a year earlier. The Kenyan government is trying to crack down on gambling by imposing higher taxes both on the companies and those who are gambling. People in the country continue to bet despite this and Safaricom, the Kenya Revenue Authority (KRA) and other firms are scoring big time. Safaricom’s revenue from betting rose by 40 percent to Sh5.98-billion ($50.7-million) last year, placing it higher among other firms that are listed on the Nairobi Securities Exchange (NSE). The telco company relies heavily on business lines like data a...
MTN Reports Solid Financial Performance During First Quarter of 2022
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DSTV Content Creator Awards to Host The Kasi Marketing Lab in Khayelitsha
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Google Announces 30,000 Developer Scholarships for Africans
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Nokia to Use Oracle Cloud HCM to Manage HR Processes
Image sourced from Wikimedia Nokia has selected Oracle Fusion Cloud Human Capital Management (HCM) to enhance and replace its Human Resources systems in the cloud as part of its global digitalisation program. Nokia will use a worldwide deployment of Oracle Cloud HCM to manage all HR processes, including recruitment, compensation, and performance management, for the company’s global workforce in its 130 countries of operation. In 2021, Nokia launched its ‘One Nokia Digital’ strategy to support the company’s competitiveness by digitalising its operations. As part of these efforts, Nokia will replace its on-premises HR systems with Oracle Cloud HCM. The telecommunications company has selected Oracle Cloud HCM for its ability to standardise HR processes on a common data platform, which will en...
Here’s How Games Are Changing the Future of Healthcare
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Safaricom Partners with vivo to Launch Flagship Y15s in Kenya
The new Y15s. vivo Smartphone and Safaricom PLC have partnered to list the new Y15s flagship in Safaricom as it seeks to increase its footprint in the Kenyan market. The new partnership will see vivo’s latest products sold in Safaricom outlets and its online platform Masoko starting with the vivo Y15s, vivo Y21, and the vivo Y33s as it advances to offer more products to consumers and as it expands its portfolio. The launch of the vivo smartphones in Safaricom is set to increase smartphone penetration, fast-tracking Safaricom’s vision to drive digital inclusion in the country. “The partnership with vivo smartphone cements our commitment to bring our customers a variety of smart devices that will enable them to stay connected and have the opportunity to enjoy the benefits of higher spe...
Three Kenyan Firms Listed Among 100 Top Tech Pioneers
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3 Things All SEO Beginners Must Do to Succeed
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