Business

African Fintech Network to Promote Regional Cross-border Regulation

The Africa Fintech Network, which comprises national fintech associations from different African countries, says it plans to unify and channel African fintech initiatives towards producing solutions to drive indigenous creativity and innovation in the continent. According to a statement on Monday, the network was inaugurated recently during the opening session of the maiden Africa Fintech […]

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Business

CFAO Retail Takes-off in Abidjan,Opens Carrefour Market

CFAO Retail yesterday celebrated the inauguration of its third store in Côte d’Ivoire and its fourth in Sub-Saharan Africa. The new Carrefour Market is part of the Cosmos shopping centre opened today by His Excellency Amadou Gon Coulibaly, Prime Minister, Minister of Budget and State Portfolio. In Yopougon, CFAO Retail operates a 1,800 square metres […]

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Business

MTN Issues Frighten Foreign Investors, Says US, UK Envoys

The envoys of the United Kingdom and the United States of America in Nigeria have said that the problems being faced by leading telecommunications giant, MTN, have scared investors from both countries from Nigeria, resulting in some of them pulling back and others withdrawing fresh offers and taking them to neighbouring countries. The Central Bank […]

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Business

U.S. Supreme Court Divided over Google Privacy Settlement

U.S. Supreme Court justices, in an internet privacy case involving Google(GOOGL.O), disagreed on Wednesday over whether to rein in a form of settlement in class action lawsuits that awards money to charities and other third parties instead of to people affected by the alleged wrongdoing. The $8.5 million Google settlement was challenged by an official […]

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Business

Insurance Firm Pledges to Reduce Risks in ICT Sector

The Managing Director, WAPIC Insurance Plc, Mrs Adeyinka Adekoya, has said that the company is committed to providing solutions on how to mitigate risks in the ICT sector, especially in a volatile economic situation. She said this during a seminar organised by the company with the theme ‘Mitigating risks in the telecoms and ICT industry: […]

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Business

Nigerian, American Arrested in the USA over Cyber-Crime

Authorities in the USA said eight people have been arrested for their alleged roles in an Africa-based cyber conspiracy that U.S. law enforcement officials say defrauded companies and citizens of millions of dollars. Five of the defendants – a Mexican, two Americans, a Ghanaian and a Nigerian – were arrested in the U.S., the Justice […]

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Business

UBA Contactless Card Issuance Hits Three Million

The United Bank for Africa (UBA) Plc has disclosed that it had issued over three million Near Field Communication (NFC) technology enabled contactless cards to its teeming customers. The bank disclosed this in a statement yesterday, saying its introduction of the contactless payment cards which enable customers pay with ease by leveraging the NFC technology […]

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Business

Facebook Buys ID Authentication Software Firm

Facebook is buying a software firm that specialises in authenticating government-issued identification cards, the companies said, a step that may help the social media company learn more about the people who buy ads on its network. US lawmakers have expressed alarm at Facebook’s limited ability to know who is buying advertisements, including election-related ads, on […]

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Business

Former MTN Nigeria CFO joins Terragon Group

Former Chief Financial Officer of MTN Nigeria, Andrew Bing has been appointed as an independent non-executive director (NED) on the board of Directors of Terragon Group. This appointment, a result of the last board meeting which was held in London comes against the backdrop of the company’s recent transition into a data and marketing technology […]

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Business

GSMA, DFID in Alliance to Push Ghana into Mobile-enabled Digital Transformation

The GSMA, DFID, and are in an alliance with the Ghana Chamber of Telecommunications, Ghanaian Government and UNDP to help Ghana harness the power of mobile to deliver life-enhancing services and support the SDGs in Ghana Details about the initiative were unveiled at at a high-level roundtable between the Government of Ghana and mobile industry […]

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