Amazon’s Jeff Bezos beats Bill Gates as world’s richest person briefly after shares surge

Amazon’s Jeff Bezos beats Bill Gates as world’s richest person briefly after shares surge

The founder Amazon, Jeff Bezos momentarily beat Microsoft Founder Thursday morning as the world’s richest person. The result was due to a spike in the Amazon.com Inc. shares. This advance of the online retailer’s earnings report briefly propelled to make him top richest person. Shares of the online retailer fell 0.7 percent to $1,046 at 4 p.m. in New York, after surging as high as $1,083.31 four hours earlier, the climb gave Bezos a net…

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M-Pesa boss quits after a year at Safaricom

M-Pesa boss quits after a year at Safaricom

The head of M-Pesa Ronald Webb has exited Safaricom after just an year at the job. Mr. Webb he company’s director of financial services had been poached from Equity Bank and is leaving at a seemingly critical juncture when the Safaricom firm is undertaking a major upgrade of the mobile money platform. The CEO of the telco, Bob Collymore, Safaricom’s, on Monday informed his employees through a memo of Mr Webb’s imminent departure, saying he…

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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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MainOne CEO, Funke Opeke is top influencer transforming data center & cloud in EMEA

MainOne CEO, Funke Opeke is top influencer transforming data center & cloud in EMEA

The CEO of MainOne, West Africa’s connectivity and data centre solutions firm, Ms Funke Opeke, has been nominated as one of 50 top influencers transforming the data center and cloud landscape in Africa, Middle East and Europe (EMEA) at the DataCloud Europe 2017 conference in Monaco. The DataCloud Europe conference which was attended by over 1,800 Data Center and Cloud executives from more than 60 countries. Gbenga Adegbiji, General Manager of MainOne’s MDXi Data Centers,…

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Ghanaian Tech Exec. Bozoma Saint John Leaves Apple to Join Uber

Ghanaian Tech Exec. Bozoma Saint John Leaves Apple to Join Uber

Uber has announced that one of Silicon Valley’s top black female executives, Bozoma Saint John, is leaving tech giant Apple to join Uber. Ms Saint John, who was born in Ghana before moving to the US when she was a teenager, was a marketing executive at Apple and has now taken on the role of Uber’s new Chief Brand Officer, the company announced on Twitter. Bozoma Saint John is hitting the road with us as…

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Facebook Slapped with €110m Fine For Misleading on WhatsApp deal

Facebook Slapped with €110m Fine For Misleading on WhatsApp deal

The antitrust regulators arm of the European Union has slapped Facebook with a  €110 million fine on Thursday for giving misleading information the vetting of its WhatsApp acquisition deal in 2014. The fine is however, it’s 700 times greater than what the fine charged by the French data protection authority, CNIL, on Tuesday this week for actual breaches of privacy law involving such activity matching.  The EU’s competition watchdog Calling it a “proportionate and deterrent…

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iHub appoints Mary Gicharu as new MD

iHub appoints Mary Gicharu as new MD

The iHub the pioneer tech hub in Kenya and home of Ushahidi and BRCK has announced appointment of Mary Gicharu as the new Managing Director effective May 8, 2017. Ms. Gicharu will continue with the implementation of the strategy and operating model of iHub 2.0. She brings over fifteen years of experience and demonstrated performance from globally respected firms within the U.S. and recently at a Pan-African Bank within Kenya. She is formerly worked for Morgan…

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SportPesa is LaLiga’s Official African Betting Partner

SportPesa is LaLiga’s Official African Betting Partner

Global gaming firm SportPesa has agreed a monumental partnership deal with LaLiga. The deal will span an initial three years, the agreement will aim to help LaLiga grow and engage with fans within Africa, a key strategic territory. SportPesa will in turn become LaLiga’s first ever Official African Betting Partner, continuing an ongoing trend of world-firsts for the gaming brand. The firm announced on its website Quick Read: SportPesa signs a 3 year Sponsorship deal…

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OLX partners with E-Escrow for secure online transactions

OLX partners with E-Escrow for secure online transactions

The online classifieds portal, OLX has partnered with E-Escrow to enable OLX users securely transact online and receive purchased goods via delivery. This follows other marketplace start-ups, AirBnB, Uber and Lyft who have made trust and safety amongst their online users priority, something that has translated to their success. OLX first among two key strategies is to ensure high content quality. This involves a team of moderators who are experts that check for all the…

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Orange Bank to go online as Telkom Kenya replaces Orange Money

Orange Bank to go online as Telkom Kenya replaces Orange Money

The French telco Orange is launching a bank late this year in France. According to media reports, Orange CEO Stéphane Richard listed some of the features behind Orange Bank this morning at a press conference. Users will be able create an account in an Orange store or online for free and you don’t have to be an Orange customer. Some of the features include ability to control your payment card directly from your phone. All…

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