The gift that keeps on taking, Bitcoin sinks again… below $4,000

banking security
Share this

The blood letting is not stopping soon as Bitcoin plunges once again over the weekend and is now trading for less than $4,000 for the first time since September 2017. The cryptocurrency fell to as low as $US3,519.94($4,874) on the Bitstamp platform, after earlier falling to a 14-month low of $3,462,57. It has lost 74 percent of its value so far this year, after hitting nearly $20,000 in December last year. Most other cryptocurrencies are faring just as poorly or worse, and in total, more than $700 billion in market…

Share this
Read More

Disruptive technology emerging markets in Africa could leverage to transform utilities

Share this

The entire installed generation capacity of Africa’s 48 Sub-Saharan countries is just 68 gigawatts, no more than Spain; this is according to the Africa’s Infrastructure report conducted by the World Bank. Up to one-quarter of that capacity is unavailable because of aging plants and poor maintenance. In Sub-Saharan Africa, just one person in five has access to electricity. If current trends continue, fewer than 40% of Sub-Saharan African countries will reach universal access to electricity by 2050. Per capita consumption of electricity in Sub-Saharan Africa (excluding South Africa) averages only…

Share this
Read More

Founding DG of Kenya’s Vision 2030 secretariat Mugo Kibati, takes over at Telkom Kenya

artificial intelligence
Share this

Telecommunications company Telkom Kenya has appointed Mugo Kibati as its new chief executive officer, taking over from Mr Aldo Mareuse. Announcing the change, Telkom Kenya board chair Eddy Njoroge said the firm was grateful to Mr Mareuse for his successful leadership for the period he has been with the company. “Notable milestones achieved during his tenure include the expansion of the company’s network by over 50 per cent, successful rebranding of the company to Telkom and rolling out of a 4G network, resulting in the company becoming the data operator…

Share this
Read More

Econet’s Kwesé is shutting down its operations to refocus on video-on-demand

Share this

Pay-TV Company Kwesé is shutting down its operations barely two years after launch as Econet, the parent firm, shifts its attention to latest digital and satellite broadcasting trends. Subscribers of Kwese satellite TV will access free-to-air (FTA) stations only after the firm did away with third-party channels according to a report by Business Daily Africa (BD) “We believe these changes will safeguard the future success of our business as we continue to make an indelible impact on Africa’s media industry. The revised business strategy will also ensure that Kwesé TV…

Share this
Read More

Apple to stop reporting how many iPhones, iPads and Macs it sells each quarter

Apple
Share this

Apple said Thursday it plans to stop reporting how many iPhones, iPads and Macs it sells each quarter, in what could be a nod to flatlining growth in some of these product lines. Apple will continue to report revenue for these categories. The move was just one of the concerning announcements Apple made Thursday. The company also said it expects sales in the all-important holiday quarter to be between $89 billion and $93 billion, skewing short of analyst estimates. At the low end of that range, Apple’s holiday sales would…

Share this
Read More

IBM reveals plans to acquire Red Hat for a record $34 billion

Share this

IBM is acquiring Red Hat, a major distributor of open-source software and technology, in a deal valued around $34 billion, the companies announced on Sunday. According to a joint statement, IBM will pay cash to buy all shares in Red Hat at $190 each. Shares in Red Hat closed at $116.68 on Friday before the deal was announced. The open source, enterprise software maker will become a unit of IBM’s Hybrid Cloud division, with Red Hat CEO Jim Whitehurst joining IBM’s senior management team and reporting to CEO Ginni Rometty.…

Share this
Read More

Tether burns 500 million Tether coins (USDT) to reduce circulation

Share this

Tether has announced the destruction of 500 million Tether coins (USDT). The cryptocurrency issuer said this week that “Tether has redeemed a significant amount of USDT from the circulating supply of tokens.” “In line with this, Tether will destroy 500m USDT from the Tether treasury wallet and will leave the remaining USDT (approx 466m) in the wallet as a preparatory measures for future USDT issuances,” the company added. Tether said that the coin reserve’s destruction, which is a move not often seen in the cryptocurrency space, is in line with…

Share this
Read More

Can Blockchain + Virtual Reality Boost E-commerce In Africa

Share this

eCommerce will be worth $75 billion in Africa’s leading economies, and came into existence as the solution to the stress of beating traffic to get to stores, bringing about a more convenient way of buying and selling. Today, online retail seems to be fast replacing the brick and mortar stores, and warehouses are becoming the one place to order items from. Ventures such as Alibaba, eBay, Payporte, Jumia, and Konga are cashing in big on African’s need to do convenient shopping from the comfort of their homes. While this a…

Share this
Read More

Facebook institutional investors want Zuckerberg ousted as chairman

Share this

Amidst increasing incidences of data breaches such as the Cambridge Analytica scandal that saw the personal data of 87 million Facebook members used without permission, to Russian sourced posts aimed at influencing the midterm elections, a report from Reuters states that four institutional investors in Facebook are looking to have Zuckerberg replaced by an independent chairman. A similar proposal was defeated by stockholders in 2017. The filing asking for a vote to remove Zuckerberg was made to Facebook’s board by the state treasurers of Illinois, Rhode Island and Pennsylvania, who…

Share this
Read More

Tech and sports titans pay tribute to Microsoft co-founder Paul Allen who has passed at 65

Share this

Paul Allen, who co-founded Microsoft Corp. with fellow billionaire Bill Gates and used the fortune he made from the iconic technology company to invest in professional sports teams, cable TV and real estate, has died. He was 65. Allen, along with Gates, helped create an entire industry selling software for a new breed of smaller, more affordable and widely accessible computers. Allen died on Monday in Seattle from complications of non-Hodgkin’s lymphoma, according to a statement from Vulcan Inc., his investment firm. Allen’s source for his varied investments and sizable…

Share this
Read More