Binance has announced the creation of its new Global Advisory Board (GAB), comprised of distinguished experts in public policy, government, finance, economics, and corporate governance. The Global Advisory Board, chaired by former US Senator and Ambassador to China, Max Baucus, recently convened in Paris, France. The board’s purpose is to advise Binance on some of the most complex regulatory, political, and social issues the entire crypto industry faces as it grows and evolves at a fast pace. “For the past five years, Binance has been at the forefront of pioneering the exciting new world of crypto, blockchain, and Web3,” said…
Author: Brand Spot
Brand Spot
Brand Spot by Techarena allows companies to share their stories directly with TechArena's audience. To promote your brand and get featured, email [email protected]
Gaming as we know it has changed. Each day comes with new trends, putting developers on their toes trying to catch up with the fast-changing tech world. The current gamer is not the usual one that we know. He/she is unique and wants to be treated as such. The current gamer is not one who just sits before a boring screen that strains their eyes and then purports to be enjoying just to fit. The current gamer wants not just quality but convenience that resonates with what he believes in and what he sees in real life. He wants when…
Standard Chartered in collaboration with iLabAfrica-Strathmore University has launched mentorship program targeting women in any field with junior level experience (2-3 years) seeking an entry into careers in Cybersecurity. This follows in-depth research and industry consultations that highlighted a wide skills and gender gap in the cybersecurity space. The program, targets 100 women participants residing in Kenya, Uganda and Tanzania and will be administered virtually with a structured and self-paced learning model with mentorship circles and fireside chats as key parts of the program. Mentors will be assigned to the participating women to guide them through the program. Speaking during…
Samsung has announced its new environmental strategy, a comprehensive effort to join global efforts to tackle climate change. It includes commitments to achieve enterprise-wide net zero carbon emissions and plans to use more renewable energy, as well as to invest in and research new technologies to develop energy-efficient products, increase water reuse and develop carbon capture technology. At the heart of the new commitment is achieving net zero carbon emissions (Scope 1 & Scope 2) for all operations in the Device eXperience (DX) Division by 2030, and across all global operations, including the Device Solutions (DS) Division, by 2050. The…
By General Manager, Enterprise Business at HMD Global-Andrej Sonkin As the hybrid working world expands beyond the office boundaries and embraces digital it has increased the number of entry points for cybercriminals to expose data. To combat these threats, enterprises of all sizes need the right foundations in place. Failure to do so can leave your business exposed not only to security breaches, but to financial and reputational damage. Data protection and privacy laws and regulations are, rightly, becoming increasingly tough. 800 fines for breaching GDPR have been dished out since May 2018, and GDPR fines in Q3 of 2021 alone approached the € 1 billion. That’s before we mention the ransoms paid. Darkside, the notorious hacking entity, reportedly…
Insuretech firm, Turaco, has today announced that it has closed a series A equity round that has seen it raise $ 10 million (over 1 billion shillings). This round was led by AfricInvest, via the Cathay Africinvest Innovation Fund, and existing investor, Novastar Ventures. The round also included participation from Enza Capital, Global Partnerships, Zephyr Acorn, Operator Stack, Asi Ventures Limited, and Push Ventures. Commenting on the raise, Turaco CEO and co-founder Ted Pantone said, “We are proud to help drive insurance adoption, especially among low-income earners. 90% of our customers have never had insurance before, but the surprising thing…
A few weeks back, Kenya Power announced that its customers can only buy KPLC tokens or pay their bills through M-Pesa. The company said that third party apps (including banking apps) will no longer be used to buy tokens or to pay your Kenya Power bill. Customers will only be able to use the 888880 paybill number from now on. This is for those buying Kenya Power tokens, prepaid customers will only use the 888888 paybill number. This is not ideal for most people as this paybill number is known to be slow at times compared to some of the…
M-Kopa, has released its 2021 impact report that shows its social and environmental impact. The report presents findings on M-KOPA’s smartphone, solar and cash loan customers across Kenya, Uganda, Nigeria and Ghana. While much of the impact has been realised in East Africa, M-KOPA recorded rapid growth following its expansion into West Africa over 2020/21. Key highlights of M-KOPA’s social and environmental impact at the end of 2021 include: $600 million of credit unlocked for customers; 4.5 million lives improved with life-changing products; Over 1 million solar home systems sold, avoiding 2 million tonnes of CO2 emissions; Over 1 million…
The financial sector has in the last decade undergone a full scale digital transformation that has changed how users send and receive money. Sending money across borders is today as simple as sending a text message while innovations such as mobile money wallets have provided a variety of options for receivers to access and store their cash. Digital finance has, however, come with the heightened risk of fraud. Online scammers are not new, but they are today more active than ever thanks to the mass migration of financial services online. Financial losses resulting from online scams run into billions of…
Showmax subscribers across sub-Saharan Africa will have access to live broadcasting from BBC World News until 23 September 2022, which will include a live stream of the funeral of Britain’s longest-serving monarch at Westminster Abbey on Wednesday, 19 September at 11:00 BST. The live news channel will be available to all subscribers regardless of their plan. While Showmax doesn’t usually offer live news channels, the Showmax Pro plan includes live news from Euronews, Africanews and Newzroom Afrika; KTN News, KBC, NTV and K24 for Kenya only; GTV, TV3, Adom TV, UTV and GHOne for Ghana only; and SABC News for…