Nclose confirms Linkedin is under cyber risk

Nclose confirms LinkedIn is under cyber risk   LinkedIn has become one of the riskiest social media platforms to date, according to South African cybersecurity firm Nclose.In February 2021, the data from 500 million LinkedIn users was leaked by hackers, in June 2021, more than 700 million LinkedIn users had their data leaked and put up for sale. In June 2022, the FBI said that the fraud on LinkedIn posed a significant threat to the platform and its users. The site has become one of the riskiest social media platforms to date,…

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IMF Delays $238 Million Loan for Kenya

IMF

IMF Delays $238 Million Loan for Kenya  Kenya may need to find alternative sources to finance its current budget due to a delay by IMF [International Monetary Fund] in issuing it a 28 billion shilling loan ($238 million). Kenya included loan funds in the current fiscal year’s budget. Delay may see the nation seeking alternative budget financing. The funding is part of a $2.34 billion extended credit facility and extended fund facility that was agreed to by the IMF more than a year ago for budget support. The loan needs board approval…

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Meta moderation panel receives appeals

Meta and Social media

Meta moderation panel receives a appeals The owner of Facebook a Meta moderation panel receives a million appeals against removed posts. Instagram set up the oversight board as an independent body to give users the chance to challenge the company’s often contentious decisions about social media posts. For those updating statuses or posting pictures still on Facebook, you would know posts that include violence, hate speech, or bullying will be taken down But what if Meta gets it wrong? and the content you post isn’t harmful in any way? Meta’s…

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Safaricom and Visa launch M-Pesa Global Pay Visa Virtual Card

Safaricom and Visa launch M-Pesa Global Pay Visa Virtual Card Safaricom has entered an agreement with Visa to form M-Pesa GlobalPay Visa Virtual card which will see the mobile phone-based money transfer service transact in 200 countries. This will allow customers to transact up to Sh150,000 ($1,28370) per payment and Sh300,000 ($2,567.3) per day. The deal is expected to shore Safaricom’s earnings from the mobile money services at a time M-Pesa revenues have been growing steadily. “By partnering with Visa to provide the M-Pesa GlobalPay Visa virtual card, we are…

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Oracle misses on earnings as investments drag down quarterly profit

Oracle misses on earnings as investments drag down quarterly profit

Oracle misses on earnings as investments drag down quarterly profit Oracle reported fiscal third-quarter earnings on Thursday that trailed analysts’ expectations. The stock initially slid 6% in extended trading before rebounding. Here’s how the Oracle did: Earnings: $1.13 per share, adjusted, vs. $1.18 per share as expected by analysts, according to Refinitiv. Revenue: $10.51 billion, vs. $10.51 billion as expected by analysts, according to Refinitiv. Oracle’s revenue increased 4% from a year earlier in the quarter, which ended Feb. 28, according to a statement. Net income declined 54% to $2.32…

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Sophia Bekele DotConnectAfrica Group CEO honored with Awards Across Multiple Continents

Sophia Bekele DotConnectAfrica Group Founder and CEO, also of US-based CBSegroup was honored with multiple awards across continents. Sophia Bekele was honored with the Silicon Valley’s Women of Influence (WOI) Award and the CEO Today Africa Awards. The Women of Influence award “recognizes established business leaders who have accomplished specific achievements in the business world in this innovation region women with a strong record of innovation in their fields, outstanding performance in their businesses, and a clear track record of meaningful community involvement. Women from every industry and profession who…

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Tangerine, A Tech company boosts Financial inclusion in Africa

Tangerine,AFRICA

Leading financial services and technology platform, Tangerine officially launched on Wednesday 7th July 2021. In September 2019, Tangerine was established following the acquisition of a 100% equity stake in Metropolitan Life Insurance Nigeria by Verod Capital Management, a leading private equity firm investing in growth companies across Anglophone West Africa. Today, Tangerine is positioned to be Africa’s preferred one-stop financial solutions provider, leveraging a tech-driven, flexible, high-access platform to drive business across all the financial services segments in Africa to deepen financial inclusion, facilitate wealth creation, and protection. In under…

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Maviance raises 3Million to digitize financial services

Maviance raises 3Million to digitize financial services Maviance, a Cameroon-based company providing digital financial services like agency banking and bulk bill payments, has raised $3 million in equity financing. The investment is solely from MFS Africa, the cross-border fintech company connecting mobile money providers like MTN to banks like Ecobank across over 34 countries in Africa. MFS Africa’s investment gives it an undisclosed minority stake in Maviance. Maviance’s flagship product is Smobilpay, a platform that integrates payment solutions from banks, mobile money operators, and telecom operators. Smobilpay is connected to…

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Installation of Huawei 5G banned in the U.K.

United Kingdom on Monday detailed plans to phase out Huawei from its 5G networks. Come September 2021 carriers installing the Chinese firm’s gear will have to stop. The U.K. government decided to ban 5G equipment from Huawei over the summer. Reversing course after heightened pressure from the United States. Westminster had initially allowed Huawei a limited role in the U. K’s 5G deployment. Washington has imposed devastating sanctions on Huawei. It is claiming that the Shenzhen-based company could enable the government in Beijing to spy on sensitive communications. For its…

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TECNO new innovations to meet Africans needs

For the past 15 years, many aspects contributed to Africa’s rapid economic growth. Mobile phones were critical in leading to this growth. Transsion, a Chinese-led group that started in Africa and focuses on emerging markets outside of China. Its brands, such as TECNO, are household names on the continent, where it is today the single biggest smartphone seller. Transsion’s vice-president, Stephen Ha, puts this down to designing phones specifically for the needs of the African consumers. In 2008, it made a strategic decision to focus exclusively on Africa, before expanding…

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