Largest dark web markets Hansa & AlphaBay shut down

Largest dark web markets Hansa & AlphaBay shut down

Two of the three largest dark web markets have been shut down by the US Department of Justice and Europol. The two authorities announced Thursday that AlphaBay and Hansa the worlds biggest dark web marketplaces that served thousands of customers trading illegal goods online have been taken down. AlphaBay had over 200,000 customers and more than 40,000 sellers peddling illegal goods. The website had 100,000 listings for sale at the time of the governments take down….

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Jamii Telcom May Soon Launch Faiba Money to Rival M-Pesa

Jamii Telcom May Soon Launch Faiba Money to Rival M-Pesa

Jamii Telecom signals preparations to launch its own mobile money platform to rival its competitors. The move may could be possible following its recent acquisition  of the 700MHz frequency that could allow the company widely known for its Faiba brand to operate 4G as well as mobile phone services with prefix 0747 on what the authority says is a “trial”. The June 2017 edition of the Industrial Property Journal  advert shows that Jamii Telecom has…

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Alibaba’s Jack Ma to visit Nairobi in his first trip to Africa

Alibaba’s Jack Ma to visit Nairobi in his first trip to Africa

The founder and executive chairman of Chinese e-commerce giant Alibaba Jack Ma, is visiting Nairobi on a two-day trip to Kenya beginning Monday next week. This will be the Jack Ma’s first visit to Africa according to an announcement from from the United Nations Conference on Trade and Development. The multi-billionaire tech-preneur of the internet-driven group, who is also UNCTAD special adviser on youth entrepreneurship and small business, will be also be enroute to a…

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Etisalat Closes Shop in Nigeria

Etisalat Closes Shop in Nigeria

Etisalat is divesting from Nigeria according to latest media reports. The Abu Dhabi owned telecommunications networks is said to have terminated its management agreement with the Nigerian arm and has thus given Etisalat Nigeria only three weeks to phase out the brand in the country. Hatem Dowidar, the CEO of Etisalat International, said today that there was no need for the brand to continue in the West African country after the collapse of the $1.2…

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Safaricom Pilots Photo IDs to Stop M-Pesa fraud

Safaricom Pilots Photo IDs to Stop M-Pesa fraud

Mobile money is one great solutions that has put Kenya on the global map. Started by Safaricom several years ago, M-Pesa transacts billions each month.The company has 28.1 million registered customers and 19 million active M-Pesa users. However as cases of identity theft and cyber crime increases, the company is constantly finding new ways to curb M-Pesa Fraud. Safaricom has announced that is has distributed over 25,000 pre-programmed smartphones to its M-Pesa agents to be…

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E.U. fines Google record $2.7 billion for “illegally” promoting search results

E.U. fines Google record $2.7 billion for “illegally” promoting search results

The European Union competition watchdog  has just fined google a record breaking €2.4 billion (£2.1 billion) for “illegally” promoting its Google Shopping results to feature more prominently above similar comparison results from rivals. The fine so far the largest ever levied by the European Union against a company for anti trust or abuse of its market dominance position. This is just the latest confrontation over business practices between E.U. regulators and American tech giants. “What…

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Uber CEO Travis Kalanick Resigns after Susan Fowler’s Blog triggered an Avalanche

Uber CEO Travis Kalanick Resigns after Susan Fowler’s Blog triggered an Avalanche

Uber CEO Travis Kalanick has finally resigned joining an un-prestigious club of many other CEOs and start up founders who have been forced out of their company due to various reasons. Last week Mr. Kalanick penned a letter to Uber’s employees that he was taking a sabatical, some time off of the day-to-day to grieve my mother. This started speculations that he had lost his boardroom. According to a post by  the New York Times,…

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Twaweza: Safaricom rebrands to signal a new Digital Identity

Twaweza: Safaricom rebrands to signal a new Digital Identity

Safaricom no longer visualizes itself as a purely telecommunications provider. Since the launch of its globally successful mobile money business, M-Pesa the company’s portfolio has significantly increased and thus the company’s growth trajectory into diverse investments in health and transport business. Speaking recently to Business Daily, Safaricom’s chief executive, Bob Collymore, emphasized that “We don’t want to become a company for everything, we want to become a platform for everything. And in fact we’ve even…

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All is not well at Uber HQ: CEO Travis Kalanick Steps Away

All is not well at Uber HQ: CEO Travis Kalanick Steps Away

The Taxi hailing company is facing its most tumoltous year yet. From a costly #DeleteUber campaign and a high profile resignation Uber’s President Jeff Jones to a former Lyft driver seeking $5 million in a class action lawsuit against Uber over allegations of Uber’ secret “Hell” program. The company may have been left without a leader at the helm after the exit of its CTO, COO and CFO who is taking a sabatical Uber co-founder and CEO…

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Orange Kenya Re-brands to Telkom Kenya, Brings Free 4G data & WhatsApp

Orange Kenya Re-brands to Telkom Kenya, Brings Free 4G data & WhatsApp

Last year, one of Kenya’s major telco activated a leadership shakeup and corporate realignment. The company also tapped new CEO Aldo Mareuse to oversee transformation in preparation for a new owner. A UK-based private equity firm Helios Investment Partners Ltd took over Kenya’s sole fixed line operator Telkom Kenya Ltd. The change has come full circle as the re-branding ceremony was presided over last Tuesday. Telkom Kenya has dropped Orange Kenya branding. The changing of…

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