It’s often said that when a deal seems too good to be true, it probably is. Trusting our instincts is crucial, especially in the face of potential scams. As the festive season approaches, there’s a notable surge in fraudulent activities, with con artists looking to take advantage. According to KnowBe4 2023 Online Scams and Victims in Africa Report, financial scams affected 48% of respondents who fell victim, with investment scams affecting 30% and crypto scams 29% of respondents. Of those scammed, 53% of the respondents were convinced the offer was legitimate because the website looked real. Therefore, it’s crucial to pause and…
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Brand Spot
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The East African Community (EAC) Secretariat today unveiled a new mobile application (App) dedicated to the elimination of Non-Tariff Barriers (NTBs) – the EAC NTBs App. This App is set to revolutionise the region’s trading landscape by streamlining the reporting, monitoring, and resolution of impediments traders face as they conduct business across borders. The development of the EAC NTBs APP was funded by the Netherlands through TradeMark Africa (TMA). The EAC NTBs App, seamlessly blending SMS, email, and phone reporting methods, offers economic operators a one-stop solution for effectively reporting Non-Tariff Barriers to trade. By streamlining the NTB reporting process, the App will aid traders…
Airbus and BMW Group launch a global Quantum Computing Challenge entitled “The Quantum Mobility Quest” to tackle the most pressing challenges in aviation and automotive that have remained insurmountable for classical computers. This challenge is the first-of-its-kind, bringing together two global industry leaders to harness quantum technologies for real-world industrial applications, unlocking the potential to forge more efficient, sustainable and safer solutions for the future of transportation. “This is the perfect time to shine a spotlight on quantum technology and its potential impact on our society. Partnering with an industry leader like BMW Group enables us to mature the technology…
By Rami Osman, Director for Business Development, MediaTek Middle East and Africa Fixed Wireless Access (FWA) 5G is emerging as the technology of choice for closing the remaining digital divide in Africa and bringing the educational, entertainment, business and lifestyle benefits of fast broadband to a much wider population in Africa. This will lead to a 5G boom for the African telecoms sector over the next five years, as operators race to reach more people with 5G connectivity. 5G is key to rolling out broadband services in Africa that can support tomorrow’s most demanding applications at scale, at a cost…
By Christopher Saul, Territory Sales Lead for East Africa at Red Hat Enterprises often approach cybersecurity through the lens of mitigating risks that originate outside of the business. And of course, that is important. Between July and September 2023, the Communications Authority of Kenya detected nearly 124 million cyber threats and issued more than 5.5 million threat advisories, with system attacks making up most detected threats. Despite these alarming figures, enterprises need to remember that cybersecurity encompasses much more than fending off outside attackers. It involves eliminating vulnerabilities that come with operating IT infrastructure and identifying blind spots and misconfigurations…
Equity Group has successfully completed the acquisition of Compagnie Générale de Banque (Cogebanque) Plc (COGEBANQUE), marking a significant milestone in its regional expansion strategy. The acquisition follows the fulfilment of conditions precedent to the acquisition, including regulatory and corporate approvals and was completed on November 30, 2023. EGH now holds 198,250 shares representing 99.1250% of the issued share capital of COGEBANQUE, officially making COGEBANQUE its subsidiary. On June 14, 2023, EGH publicly disclosed its entry into a binding term sheet for the acquisition of 91.93% of COGEBANQUE’s issued shares from the Government of Rwanda, Rwanda Social Security Board, Sanlam Vie…
By Christopher Saul, Territory Sales Lead for East Africa at Red Hat Driven by an increase in local data centres and the availability of cloud computing platforms, organisations in Kenya are some of the biggest cloud spenders in Africa. The growth of cloud computing in East Africa has opened the door to new possibilities, increased business digitalisation, and overall economic growth. According to a study commissioned by Amazon Web Services (AWS), Kenya stands to unlock KES 1.4 trillion of additional economic value by 2033 through cloud adoption, representing 0.56% of the country’s total GDP. AWS has also announced it will…
LG Electronics (LG) has embarked on strengthening its local network of dealers and partners by training and equipping them to handle its new generation heating, ventilation and air conditioning (HVAC) technology. The firm has embarked on comprehensive skills and knowledge training for agents supporting its air solutions business, to deliver superior service to clients who will also benefit from its state-of-the-art range of energy-efficient HVAC technology. Speaking today during a seminar organised by the company in Nairobi to train over 200 local partners, LG’s Managing Director for East Africa, Dongwon Lee, said LG is revamping its business-to-business (B2B) and business-to-consumer (B2C)…
The carrier-neutral, colocation Tier IV Onix Data Centre in Accra, Ghana, is joining the Angola Cables Global Data Centre Interconnect. This integration will enhance international connectivity in Ghana and Senegal, offering access to 66 additional data centres, 8 OTTs/CDNs, and 21 IXPs. Clients will benefit from a variety of secure digital solutions and managed services through these state-of-the-art facilities. This is part of Onix’ commitment to build a dense eco-system of partners. The 2000 m2 data centre has been designed to cater to the growing demands of business in Ghana and the region. The facility already hosts primary banking and financial…
In the dynamic world of online trading, CFD (Contract for Difference) gold trading has emerged as a popular choice for investors seeking to capitalize on the precious metal’s price movements without physically owning it. Successful trading in this space requires a combination of market knowledge, strategic planning, and disciplined execution. In this article, we’ll explore some of the best trading strategies to empower online traders in their quest for success in CFD gold trading. Understand Market Fundamentals Before diving into CFD gold trading, it’s crucial to have a solid understanding of the market fundamentals that drive gold prices. Gold is…