‘BUSINESS’ News

Dropbox hack leaks 68m user passwords on the internet

Online cloud storage firm Dropbox has been hacked, with over 68m users’ email addresses and passwords leaked on to the internet. The attack occured in 2012. At the time Dropbox reported a collection of user’s email addresses had been stolen. It did not report that...

Banking Trojans remain the most lethal cyber threats says Kaspersky Lab

banking security Banking Trojans have retained the reputation as the most dangerous cyber threats. This is according to a kaspersky Lab report. The study says financial malware attacks on online users raised by 15.6%. The main reason for the spike is the nexus between the authors of...

Study: Canadian tech sector outperforms finance

The Brookfield Institute for Innovation + Entrepreneurship (BII+E), a non-profit arm at Ryerson focused on innovation research, has released The State of Canada’s Tech Sector 2016, a report that breaks down the technology sector’s key characteristics and its contribution to the economy. The tech sector,...

Verizon will buy Yahoo for $4.8 billion

US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5bn (£3.8bn) in cash. Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year. The deal does not include Yahoo’s valuable stake in Chinese firm...

Tech firms ‘Wary of losing EU workers post-Brexit’

British group of legislators have said that Britain must urgently address the post-Brexit concerns of tech companies who fear losing European Union workers to other countries in the bloc. The Business, Innovation and Skills Committee said ministers should use the upcoming digital strategy to set...

Nigerians Take The Lead In Mobile Online Shopping

Online Shopping When compared with other countries in the continent, Nigerians take the lead when it comes to mobile online shopping, local retailers or foreign notwithstanding. A research conducted by Ipsos in Nigeria indicates that this trend is not likely to wane anytime soon. Nigerians love mobile...

The First Interactive Digital Learning Centre (IDC) In Africa Has Been Launched in South Africa

IDC The first Interactive Digital Learning centre (IDC) in Africa has been launched in Tshwane, South Africa, ItNewsAfrica reports. EON Reality, a Virtual Reality based knowledge transfer for industry, education and edutainment is behind the Interactive Digital Centre.  The Chairman of EON reality, Dan Lejerskar, said that:...

Andela Receives $24 Million From The Chan Zuckerberg Initiative

Zuckerberg Andela announced yesterday that it had banked $24 million in a round that was led by the Chan Zuckerberg Initiative, which is Mark Zuckerberg and Priscilla Chan’s fund. Additionally, Andela had also received a new investor, GV( formerly known as Google Ventures, CNN Money reports....

Dar es Salaam, Tanzania Becomes the 475th City To Get Uber

Dar es Salaam After beginning operations in Kampala, Uganda and Accra, Ghana. Uber officially launched in Dar es Salaam, Tanzania yesterday. Uber had earlier on announced their intention to expand to three African countries. The launch of operations in Tanzania marked the accomplishment of Uber’s goals. Tanzania becomes...

Youth And Entrepreneurs Set To Benefit From AfricaWorking, A New Initiative

AfricaWorking AfricaWorking, a new initiative by Barclays Africa, Emerging World, FranklinCovey, Knod, Safal Group, Microsoft and Syngenta is set to support 200,000 youth and 50,000 entrepreneurs. The new association will seek to channel the collective power and voice of the private sector in order to make...