Category: TECHNOLOGY
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Fraudulent transactions in Jumia Nigeria cost 4% merchandise sales in the first quarter of 2019
Jumia has flagged an improper transaction in its Nigerian business worth 4% of gross sales in the first quarter of 2019. Africa’s e-commerce platform which listed on the New York Stock Exchange (NYSE) this year, said the flagged transaction involved some employees and Jforce agents (Jumia Jforce is a program aimed at empowering and enriching…
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Radiation from tower masts and mobile phones poses no health hazards to humans
Mobile phones have become vital to our lives and livelihoods. They’ve made it so much simpler, easier and cheaper to transact business, move money, conduct research for school or work, and manage our relations with our families and friends. I recall 16years ago in High School when our communication messages took a minimum of 21…
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MTN raises US$140 mln from divestment plan
MTN Group Ltd has raised 2.1 billion rand ($140.24 million) from asset sales as part of a divestment plan announced in March, Africa’s largest mobile network by subscribers said on Thursday after reporting a 9.3% drop in earnings. MTN is reviewing a raft of investments under the three-year, 15 billion rand divestment programme as it moves to…
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Deepen discussions on cyber security — Eli Hini
Stakeholders in the Telecom Industry are pushing for the regulator to deepen cybersecurity policy discussions as part of moves to scale up successful digital payment solutions. It is estimated that Ghana lost 97 million dollars to cybercrime in 2018 alone. General Manager for MTN MOMO, Eli Hene thus called on the regulator to increase talks on…
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Telecoms Chamber to oppose any exorbitant license fee increase
The Ghana Chamber of Telecommunications is cautioning the government against any move to increase the cost of license renewal ambitiously in its quest to meet the shortfall in revenue. The Finance Minister, Ken Ofori-Atta in the mid-year budget review indicated plans to rake in more revenue from the telecom sector with the cost of renewal…
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Israel launches satellite to boost internet connectivity in Africa
Israel is helping Africa connect to the rest of the world through a new satellite soaring into space. It’s Spacecom successfully launched “Amos-17”, a state-of-art satellite on a mission to provide communication services to Africa, into orbit from the Cape Canaveral Air Force Station on Tuesday night, according to a press release. It said Amos-17…
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IMPULSE Acceleration Program holds information session in Accra
Mohammed VI Polytechnic University (UMVIP) last Tuesday organised an information session about IMPULSE, a best-in-class startup acceleration program, with support from OCP Group and its subsidiary OCP Africa. The program is designed with MassChallenge, a global accelerator organization, with a unique non-profit, zero equity and impact-focused model. Impulse aims to sustain OCP Group’s ambitious innovation…
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BoG considers raising limit on mobile money transactions
The Bank of Ghana has said it is considering suggestions made by operators of mobile money companies for the upward adjustment in the maximum transaction an individual can undertake in a day. The Electronic Money Issuer (EMI) guidelines issued by the BoG categorises customers e-money accounts into three groups which defined their maximum daily and…
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Ghana is undisputed leader in electronic payments in Africa – Veep
Vice President Dr. Mahamudu Bawumia on Wednesday touted Ghana’s electronic payment credentials, saying that, the country is the undisputed leader in the payment systems arena in Africa. He mentioned the mobile money interoperability payment system that enabled one to transfer money from his/her bank account to the mobile money wallets conveniently as one of the…
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Telecom consumers scared CST could derail cash-lite agenda
Some stakeholders in the telecommunication sector have raised concerns that the increase in the communication service tax could thwart the government’s efforts to promote an economy less reliant on cash. While speaking at the Second MOMO@10 Stakeholder Forum which is on the theme “the role of regulation in sustaining the growth of Mobile Financial Services…