Mobile now accounts for 47% of all online transactions in Middle East and Africa, Criteo

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The advertising platform Criteo released its 2018 Q2 Global Commerce Review, having analysed browsing and purchasing data from over 5,000 retailers in more than 80 countries. Michele Iozzo, managing director for the Middle East & Africa, Criteo, says, “Mobile continues to command a higher share of the online transactions pie driven by high smartphone penetration across the MEA region. The study has revealed a year-on-year increase of the share of In-App Transactions for retailers who promote their shopping app, proving that it isn’t enough to just launch an app, but…

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Competitive Edge: Tech Giants spent a combined $80 billion last year on big-ticket physical assets stockpile

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General Motors Co. and Google couldn’t be more different. GM musters an army of people and machines to produce the 10 million cars it sells each year. What Google makes doesn’t really exist: You type on a laptop or click play on a YouTube video, and Google zips back bits of digital information. But Google parent Alphabet Inc. and the other four dominant U.S. technology companies—Apple, Amazon​.com, Microsoft, and Facebook—are fast becoming industrial giants. They spent a combined $80 billion in the last year on big-ticket physical assets, including manufacturing…

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Safaricom faces $4.5 million fine $4.5 million for failing to connect smaller firms

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Kenya’s biggest telco Safaricom may be fined about $4.5 million by the regulator for failing to connect calls made to smaller firms, according to company and regulatory documents reviewed by Reuters. The Communications Authority of Kenya (CA) has imposed a fine on Safaricom, part-owned by South Africa’s Vodacom and Britain’s Vodafone, of 0.2 percent of its gross revenue for the last financial year, equivalent to 449 million shillings ($4.5 million), the documents show. Safaricom denies the accusation and has secured a temporary suspension of the fine pending a hearing before…

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