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“Yellow Card” Seeks to Shake Up Cryptocurrency in Kenya

Image sourced from Kryptocurrency. /* custom css */ .tdi_4_770.td-a-rec-img{ text-align: left; }.tdi_4_770.td-a-rec-img img{ margin: 0 auto 0 0; } Yellow Card, a leading Africa-focused finance platform for trading cryptocurrencies has finally arrived in Kenya. The company claims it already has offices in 9 African countries, allowing customers from Nigeria, Botswana, Cameroon and South Africa, and others, to buy and sell crypto through its platform. “Yellow Card is a cryptocurrency exchange on which you can buy or sell supported cryptocurrencies with your local currency,” reads Yellow Card’s official website. /* custom css */ .tdi_3_776.td-a-rec-img{ text-align: left; }.tdi_3_776.td-a-rec-img img{ margin: 0 auto 0 0; } The company “offers a secure cryptocurrency wallet with which you send,...

Ethiopian Government Selling a 40% Stake in Ethio Telecom

Image sourced from Africanews. The Ethiopian government has announced a new tender process to begin the sale of a 40% stake in the state-owned telecommunications company, Ethio Telecom. The sale is still in its very early stages with the selection of a successful bidder expected only at the end of a significantly lengthy process. According to reports, the government plans to retain a 55% stake in the operator while the remaining 5% will be offered to domestic investors through an initial public offering. This new proposed sale of a large minority stake in the telecom comes as part of the Ethiopian government’s plan to liberalise the country’s monopoly in its telecom sector. Another key piece of the plan is for two foreign carriers to be granted licenses to operate in the vast, nearly-untap...

Take Control of Your Company’s Digital Transformation – Register for #DTF2021

Join the DTF 2021 as an attendee – https://itnewsafrica.com/events/event/digital-transformation-congress-webinar/ Change is Inevitable Digital transformation is as inevitable as the passage of time. The new will replace the old, as the axiom goes. Business leaders and company executives must evolve their organisations, or risk extinction in the future when attempting to transform too late proves too little. One doesn’t need to go far for practical examples of this. In 2020, companies either adapted to the new normal or contemplated filing bankruptcy. The onset of the COVID-19 pandemic was an unprecedented and entirely unexpected event. Remember when “Remote Work” was just a novel idea? Time will continue to present these events – these unexpected drastic changes, and forward-minded l...

MTN Deploys “First-of-its-Kind” Infrastructure Advancing Network Automation in Uganda

Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Uganda and several members of the Telecom Infra Project (TIP) have signed an agreement that will advance network automation in the country and abroad using TIP’s Disaggregated Cell Site Gateway (DCSG). This first of its kind network deployment in Africa will see MTN evolve its Transport Network and turn it into a future-proof asset that will seamlessly enable its network transition to 5G. Transport Network transmits data traffic between points within a network that enable access to the internet. Through Ambition 2025, MTN’s strategic blueprint, Network-as-a-Service (Naas) is one of five scale platforms for growth that contribute to leading digital solutions for Africa’s progress. TIP’s Disaggregated Cell Site Gateway (DCSG) DCSGs ul...

Using AI Will Always Require a Human Touch

Image sourced from Software One. /* custom css */ .tdi_4_096.td-a-rec-img{ text-align: left; }.tdi_4_096.td-a-rec-img img{ margin: 0 auto 0 0; } Decision-makers are concerned about how the use of artificial intelligence (AI) technology can negatively impact their brand and result in a loss of stakeholder and customer trust. In fact, research has shown that 56% of executives globally have slowed down their AI adoptions because of such fears. These concerns have given rise to the concept of Responsible AI (RAI). It refers to the way organisations use AI technologies, and the adherence to certain principles that relate to the greater good, the protection of individuals and their fundamental rights, and generally the trustworthiness of the AI application. While everybody has a role to play in ...

Cybersecurity Is More than A Tech Problem – It’s a Business Problem Too

Image sourced from Finance Times. A concerning number of South African companies are not prepared for the inevitability of a cyberattack despite the significant financial and reputational risks, according to Ryan Mer, MD, eftsure Africa, a Know Your Payee (KYP) platform provider. “Too few senior managers view cybersecurity as a business problem and not just a technology problem,” he says. “The reality is cybersecurity is very much a business consideration. CEOs and CFOs will eventually face critical questions such as: How much money do we spend on cybersecurity? Do we change key processes? How do we create awareness and change company culture? Do we put security ahead of operational functionality? What is the role of internal processes and staff on data security and integrity?.” Mer adds t...

Agritech SupPlant Raises $10-Million to Accelerate South African Agriculture Growth

Sourced from Getty Images. /* custom css */ .tdi_4_476.td-a-rec-img{ text-align: left; }.tdi_4_476.td-a-rec-img img{ margin: 0 auto 0 0; } Today SupPlant, a leading precision agriculture hardware-software solution, has announced its recent funding round, raising $10-million partially dedicated to accelerating its penetration into the South African Market. The round is co-led by Boresight Capital, Menomadin Foundation, Smart-Agro Fund and Mivtah Shamir. The raise brings SupPlants’s total funding to more than $19-million. New Challenges Faced by Farmers The round comes amidst global warming impacting South African farmers who are dealing daily with the unpredicted climate that is changing rapidly causing tropical storms, cold spells, heat waves and constant lack of irrigation water. /* custo...

How Nigeria’s Latest Gas-Related Power Crisis Could Have Been Avoided

Image sourced from the Electricity Hub. /* custom css */ .tdi_4_cc8.td-a-rec-img{ text-align: left; }.tdi_4_cc8.td-a-rec-img img{ margin: 0 auto 0 0; } On 28 May 2021, Nigeria’s national power generation dropped to 3,059 MW and for the subsequent seven days remained below 4,000 MW, 6% below-average production. Low pressure on the Escravos-Lagos Pipeline System (ELPS) left several gas turbine power plants with an insufficient gas supply, leading to plant shutdowns and widespread power blackouts. Unlike gas turbine power plants, gas engine power plants have the flexibility to function during low gas pressure events. This flexibility significantly lowers power production risk, a supreme advantage in the context of gas supply disruptions and systemic power shortages. Power cuts in Nigeria are ...

6 Urgent Steps Companies Need to Take to Ensure POPIA Compliance

Sourced from Europa EU. The eleventh hour is upon businesses who are not POPIA (Protection of Personal Information Act) compliant. The effective date of 1 July is upon us. Your business should have already started its compliance journey, as it will at least help lessen the risk of cybersecurity breaches. Securing your data will help your business be in good standing with local and international partners. This will also enhance the reputation of your business and exempt you from fines and non-compliance. Here are six steps your business can take before 01 July to be POPIA compliant: 1. Encrypt Everything One of the major requirements under POPIA is to ensure that you apply Generally Accepted Information Security Protocols. While these requirements are not the same for all organisations, som...

5 Crucial Things You Need to Do When You Receive A Phishing Email

Image sourced from Kaspersky. You may not even notice when you receive one, most suspicious emails are automatically sorted to spam by your email service – though, a few may slip through the cracks, and one or two may even be authentic enough for you to click through their contents. The most important thing to remember about phishing emails is that unless you open any attachments or click on any links, you will not be affected by malware. Phishing emails are based on social engineering and work off bait, hence the name, and unless the bait is taken you can’t be affected by the cybercriminals holding the rod, fingers twitching at the reel. If you’re not familiar with these kinds of emails or begin to feel nervous or panicked when you receive one – this list is for you. Here are 6 crucial th...

Facebook, Instagram & Other Social Media MUST Register with Nigerian Govt to Continue Operations

/* custom css */ .tdi_4_653.td-a-rec-img{ text-align: left; }.tdi_4_653.td-a-rec-img img{ margin: 0 auto 0 0; } A week after the country indefinitely suspended social media service Twitter, the Nigerian Federal Government has said that any social media giant, including Facebook, Twitter and others must register in the country to continue to be able to do business and operate unhindered. Users who access Twitter against the ban will be prosecuted, the government warned on Wednesday. Lai Mohammed, Minister of Information and Culture, yesterday also revealed that Twitter has contacted the Nigerian government to begin “high-level discussions” in order to begin operating in the country legally once again. The Minister had disclosed this information while briefing the media after the weekly Fede...

MultiChoice Sees Surge in Earnings Amidst Subscriber Boom

Image sourced from The Vanguard Nigeria /* custom css */ .tdi_4_dc2.td-a-rec-img{ text-align: left; }.tdi_4_dc2.td-a-rec-img img{ margin: 0 auto 0 0; } South African broadcasting conglomerate MultiChoice Group reports that it has added 1.4-million 90-day active subscribers to its services between the beginning of 2021 to 31 March. MultiChoice also reports that earnings were exceedingly robust despite the ongoing pandemic. This is partly due to the 7% growth year-on-year of its subscribers. The Johannesburg-based corporation ended 2020 with 20.9-million subscribers – 43% from South Africa, while a further 57% of subscribers from the rest of the continent. /* custom css */ .tdi_3_d36.td-a-rec-img{ text-align: left; }.tdi_3_d36.td-a-rec-img img{ margin: 0 auto 0 0; } Growth in the Face of COV...