By Chris Welsch Jane Omondi sells freshly cooked fish from a stand on a bustling roadside in Utawala, a low- to medium-income neighborhood about 16 kilometers, or 10 miles, east of central Nairobi. Omondi grosses about 2,500 Kenyan shillings, or about $17, on her sales each day and takes home about 1,000 shillings after expenses. Her modest earnings are slightly above average for the majority of Kenyans. In February 2023, Omondi was hospitalized when she went into labor and her third child was born prematurely. They were in the hospital for three weeks. For many Kenyans, this would be a…
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The gambling industry is changing under the influence of information technology. Developers and engineers are constantly coming up with new and exciting innovations that take Igmaing to new heights. Below are the current innovations shaping the future of Online Casino: Best online casinos that provide additional options for both players and operators. VR and AR These two related technologies have already firmly established themselves in various fields, and the gambling business is no exception. Virtual casinos and AR platforms allow people from all over the world to immerse themselves in an exquisite space where they can experience the excitement and…
By: Nadeem Anjarwalla, Binance Director for East and West Africa Given the limitless trading possibilities that cryptocurrencies offer, it’s imperative to “plan your trades, and trade your plan.” This approach ensures that you’re disciplined, knowledgeable, and thorough with your trading strategy. The goal is to minimize risk by helping you identify when to enter and exit a trade and when to abandon a losing trade. Plan Your Trade, Trade Your Plan One of the reasons why too many traders worldwide fail to understand that trading is a high-level profession is because of the low entry barriers. But to be successful…
Forcepoint clinched two prestigious awards at GITEX Global 2023. The company, renowned as the world’s largest privately-owned cybersecurity firm, not only received accolades but also recognized the outstanding achievements of its partner engineers. Forcepoint’s impressive journey began with the ICT Champion Awards held on October 12, 2023. Here, the company secured the coveted ‘Data Protection Service Provider in Hybrid Cloud’ award. This recognition underscored Forcepoint’s commitment to fostering secure and trusting environments by understanding digital identities and their cyber capabilities, thereby safeguarding employees and critical data. Continuing their winning streak, Forcepoint triumphed in the ‘New Product / Service Launch’ category…
Little App has joined forces with Absa Bank Kenya PLC and Visa to unveil an innovative Near Field Communication (NFC) payment feature. This collaborative effort aims to streamline and expedite the payment process on Little App taxis by allowing drivers to accept card-based payments using an Android smartphone, offering enhanced efficiency for both customers and drivers. The convenient, fast and secure option leverages Absa’s Mobi Tap app solution which turns a smartphone into a point of sale (POS) allowing customers to simply tap their contactless debit or credit cards on the driver’s Android phone or tablet to make a payment. …
Liquid Intelligent Technologies (Liquid) appoints Oswald Jumira as the CEO of Liquid C2 business unit. He will drive Liquid C2’s growth, innovation and strategy in the cloud and cyber security business. Oswald was the CEO of Vaya Technologies (Vaya), one of the business units of Cassava Technologies. Commenting on his appointment, Hardy Pemhiwa, President and Group CEO of Cassava Technologies, said, “Oswald’s appointment as CEO of our Cloud and Cyber Security business was a natural choice for us. He has been a member of the senior management team for many years, including as CEO of Vaya Technologies. He has deep industry…
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya, and Uganda and serves over 450,000 farmers. The investment will support structural improvements in Africa’s agricultural industry, which will significantly benefit smallholder farmers and lead to improvements in food security. The signing of BII and AFEX’s new partnership took place today. It was attended by British Deputy High Commissioner in Lagos Jonny Baxter, BII Chief Executive Officer Nick O’Donohoe, and AFEX Group CEO Ayodeji Balogun. BII’s…
Verdant Capital played a pivotal role as the strategic and financial advisor for the joint venture transaction between Africa’s leading data centre operator, Open Access Data Centres (OADC), a WIOCC Group company, and TEXAF, one of the Democratic Republic of Congo’s oldest business groups. The landmark joint venture agreement, signed in July, signifies the parties’ commitment to revolutionizing the DRC’s digital landscape by establishing the country’s first open access, carrier-neutral data centre. Operating under the co-owned subsidiary, Open Access Data Centres-TEXAF Digital (DRC), the joint venture combines OADC’s pan-African data centre expertise with the WIOCC Group’s continent-wide hyperscale connectivity infrastructure…
Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF) has agreed to provide long-term financing to Tizeti Network Limited – West Africa’s pioneer solar-based internet service provider. The senior debt facility will be used to finance the rollout of Tizeti’s state-of-the art broadband network across 15 states in Nigeria. Anshul Rai, the Chief Executive Officer of NIDF, said, “Chapel Hill Denham is excited to partner Tizeti in the expansion of fast, reliable broadband network across Nigeria. Digital economy is a key strategic pillar for Nigeria to accelerate its economic and social development, and providing access to affordable internet services is crucial…
With hybrid work becoming popular and new tech like AI depending on data mining, there are growing concerns amongst many businesses regarding cybersecurity. As Cybersecurity Awareness Month draws to a close, Veerakumar Natarajan, Country Head, Zoho Kenya shares some thoughts on technical security, privacy measures for businesses, and the importance of Zero Trust model. Kenya is now the third-most targeted country by cyber criminals in Africa, after Nigeria and South Africa, according to The Communications Authority of Kenya (CA). In a report released at the beginning of October, the regulator said the frequency, sophistication and scale of cyber threats targeted…