Category: TECHNOLOGY
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Huawei to lose $30 billion revenue following US ban
China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Ren’s downbeat assessment that the ban will hit revenue by $30 billion, the first time Huawei has quantified the impact of the U.S. action, comes as…
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Mobile Money interoperability records more than 4.4 million transactions
Mobile Money Interoperability (MMI) recorded more than 4.4 million transactions in its first year of operation. Beginning with just 96,907 transactions in its first month, public usage of the cross-network platform grew phenomenally to 422,275 transactions in December last year and 502,873 transactions in May this year. MMI or seamless cross mobile money network…
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MTN MoMo marks decade of financial inclusion with over 14 million subscribers
The leading mobile financial services operator in Ghana, MTN Mobile Money Limited, has launched its 10th anniversary to celebrate the huge success it has chalked over the past 10 years in driving financial inclusion especially amongst the unbanked population in Ghana. Recounting the MTN Mobile Money journey during the launch of the 10th-anniversary celebrations held…
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Rosy Fynn appointed CEO of Busy
4G mobile broadband service provider, Busy, has appointed Rosy Fynn as its new CEO effective June 10, 2019. Ms. Fynn holds a first degree in Computer Science and Mathematics from Smith College and an MBA from Harvard Business School, both in Massachusetts, USA. Rosy comes into this new role with a wealth of strategic and…
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MTN launches Africa’s first artificial intelligence service for Mobile Money
MTN Group has announced the launch of Africa’s first Mobile Money (MoMo) artificial intelligence service or “chatbot”. The chatbot went live in Ivory Coast in May and will be rolled out across MTN’s MoMo footprint in the next few months. The artificial intelligence mobile money “assistant” enables customers to engage with MTN’s MoMo services, including…
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Protester confronts World’s Richest man Jeff Bezos on stage
An animal rights activist came within a few feet of Jeff Bezos, the world’s richest man, on a stage in Las Vegas. Priya Sawhney evaded event security, as well as some of Mr. Bezos’ personal detail, which costs a reported $1.6m (£1.25m) per year. “Jeff, you are the richest man on the planet,” Ms. Sawhney…
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Vodafone pledges total commitment to Ghana
The Vodafone Ghana Chief Executive Officer, Patricia Obo-Nai, has pledged the company’s commitment to the socio-economic development of Ghana. During a courtesy call on the President, Nana Addo Dankwa Akufo-Addo, at the Jubilee House, Ms. Obo Nai reinforced Vodafone’s determination to lead the digitalisation drive in Ghana, ensuring that no one is left behind. She…
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Cheques usage declines as MoMo grows stronger — Bank of Ghana report
Cheques popularity as a means of payment declined in the first quarter of 2019, data from the Payment Systems Department of the Bank of Ghana has shown. According to the central bank’s data, which excludes in house cheques, the total number of cheques cleared in the first three months of this year stood down by…
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Huawei: ARM memo tells staff to stop working with China’s tech giant
UK-based chip designer ARM has told staff it must suspend business with Huawei, according to internal documents obtained by the BBC. ARM instructed employees to halt “all active contracts, support entitlements, and any pending engagements” with Huawei and its subsidiaries to comply with a recent US trade clampdown. ARM’s designs form the basis of most…
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Apple’s earnings would drop by nearly 30% if China bans its products, Goldman Sachs says
The U.S.-China trade war could take a big chunk out of Apple’s bottom line if China retaliates by banning its products, according to an analyst at Goldman Sachs. Analyst Rod Hall said in a note to clients that Apple’s earnings could drop by 29% if the company’s products were banned in mainland China. Apple’s China business…