Safaricom simplifies M-PESA access to businesses

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Kenya is an undisputed global leader when it comes to mobile money services. In 2007, the telecom operator Safaricom launched its mobile money service M-Pesa as a simple way to text small payments between users. A decade later, M-Pesa has become the world’s most successful money transfer service. Safaricom, a major Mobile service provider in Kenya has announced a release of a feature-rich M-PESA Application Programming Interfaces (APIs) portal to businesses in the country.  Dubbed Daraja, the portal will enable businesses to easily integrate with the platform drastically cutting down…

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Apple now sells Nokia products on its store

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Apple is once again directly selling Nokia products through its online store, and they should be available in its physical retail locations soon too. This is after Apple and Nokia announced that they have agreed a settlement to a patent lawsuit that began in December. The companies said they have moved from adversaries to business partners, settling all litigation. The pioneer mobile tech giant will provide network infrastructure services to Apple, Apple will stock Nokia’s Withings products once again in Apple Stores and pay ongoing license fees to use Nokia’s intellectual property. The…

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Laptop bans on Middle East flights bring mixed reactions.

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Fast-growing Middle Eastern airlines have been luring business travelers away from carriers in the U.S., Europe and Asia for years. But they may find the seats in the front of the plane going unfilled after the U.S. and U.K. ijucted laptop bans and other large electronics in the cabin on some flights from the region. Travelers across expressed frustration Wednesday at a ban on large electronic devices for flights to the US and Britain that has sparked confusion and speculation. Passengers on flights to the US and Britain from major…

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21% of British startups plan to open a European office due to Brexit

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The vote to leave the EU left some start ups questioning where their future lies, particularly if they’re confronted with issues around employing foreign staff. Currently, One in every five UK start ups intends to open a European office due to Brexit, according to survey results published Tuesday by Silicon Valley Bank. It found that 21% of UK startups are planning to open up a new office in cities such as Berlin, Paris, and Stockholm, which are all trying to take on London’s Tech City. The survey also found that around…

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Cisco buys AppDynamics for $3.7 billion, plots business performance expansion

AppDynamics
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Cisco will acquire AppDynamics, which monitors application performance and business metrics, in a deal valued at $3.7 billion. The purchase gives Cisco more software heft and broadens its reach in analytics makingthis one of its largest deals of recent years as it searches for growth beyond its core networking business. Cisco’s announcement comes a week after Hewlett Packard Enterprise Co said it would buy cloud startup SimpliVity for $650 million in cash. The software brings a platform that can analyze application performance across Cisco software and gear. AppDynamics launched software…

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Marissa Mayer to exit after Verizon acquisition as Yahoo becomes Altaba

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Yahoo Inc. said on Monday that it will cut down its board after completing acquisition deal with Verizon Communications Inc., it is reported also that several executives including Chief Executive Marissa Mayer and co-founder David Filo, will step down as directors. After the sale of its core internet business, the company will change its name to Altaba Inc. from RemainCo, Yahoo said in a regulatory filing. Altaba’s remaining assets include Yahoo’s stake in Alibaba Group Holding Ltd. and Yahoo Japan. The name is a combination of the words “alternate” and…

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Africa’s telecoms market will hit $51bn by 2021

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Sub-Saharan Africa’s telecoms service market will be worth $51 billion by 2021, up from $41 billion last year. Mobile services will represent more than 88.4 per cent of the telecoms service revenue in 2021, according to a new report by Analysys Mason, a global specialist adviser in telecoms, media and technology. Retail telecoms revenue in the region will grow at a compound annual growth rate (CAGR) of 4.1 per cent during 2015-2021, the Analysys Mason’s Sub-Saharan Africa telecoms market: trends and forecasts 2016-2021 report released on October 27 indicates. Karim…

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U.S. Federal bank regulators outline new cyber security standards to stem attacks

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U.S. bank regulators on Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation’s leading financial firms. Leading banks will be expected to use the most sophisticated anti-hacking tools on the market and to be able to recover from any attack within two hours, said officials briefing reporters on the plan. The rules, which will be finalized after industry input, is meant to raise cyber security to a top priority for corporate executives and boards, according to the banking agencies. Banks with…

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Oracle acquires Palerra to upgrade Cloud Security

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Oracle has just concluded the agreement to acquire Palerra last Sept. 18. The move is expected to bolster the company’s push to expand its Identity Cloud Service, which is touted as a next-generation security and identity platform for the cloud. Both companies did not provide any details about the recent acquisition, particularly the cost involved. However, one should remember that Palerra has raised $25 million in funding last year. This figure should provide some insight regarding its value. “Together, Oracle and Palerra will help accelerate cloud adoption securely by providing…

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British Airways check-in systems outage causes flight delays

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British Airways has apologised to passengers for delays after a technical problem hit check-in systems. Travellers complained of hours queuing at airports and some reported they had been told the problem was worldwide. Airline employees had to manually process passengers at airports including San Francisco, Seattle and Phoenix, delaying the departures of dozens of London-bound transatlantic flights. Responding to passengers on Twitter, the airline wrote: “We apologise to our customers for the delay and we appreciate their patience as our IT teams work to resolve this issue.” It added: “Our…

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