Politics
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Cell C Reports R5.5 Billion Loss
Image sourced from Town Press Cell C has reported a loss of R5.5 billion after tax following the announcement of its annual financial performance for the 12 months ending December 2020. The telco revealed that total revenue was down by 8% to R13.8-billion (2019: R15.1-billion), with the largest part of the revenue contribution from its prepaid base at R6.2-billion (2019: R6.9-billion). CFO of Cell C, Zaf Mahomed believes that even though the telco made a full-year loss, the latter six months of 2020 was encouraging as it had shown a R2.1 billion profit in the second half. Mahomed says “our results reflect a business in transition. We are starting to see the impact of our changes which included a focus on more profitable subscribers and through the reduction in costs a shift to revenue-gene...
What does WhatsApp’s Privacy Policy Update Mean for Businesses
Despite public pushback, Facebook-owned messaging app WhatsApp will be going ahead with the privacy policy update it announced earlier this year. While the public has begun to appreciate that WhatsApp’s privacy rules are in fact still very much in favour of the user, with messages sent remaining private and encrypted at all times, what will this mean for brands that use the app to reach and engage with consumers? “The benefits for brands are massive,” says Kyle Oosthuizen, COO at Blue Robot. “These updates form part of Facebook’s efforts to make communicating with a business secure, better and easier for everyone. The new updates will be made to business features that will help businesses engage with their users in a more intuitive and more advanced way.” “2021 is the year that WhatsApp wi...
How the Haller Foundation is Helping Smallholder Farmers Across Africa
The Haller Foundation is a grassroots organisation that guides communities through a holistic four-stage economic development model that is sustainable and environmentally sound. The model kick-starts a fragile farming community and, over a 3-year collaborative partnership, educates them to restore their soils, improve their environment and ultimately build the capacity to achieve economic resilience. Throughout the process, the organisation partners with the Ministries of Agriculture, Water, Health and local Government. And as an extension of its farmer training, the Haller Foundation uses its app — Haller Farmers — as well as Africa’s increasing mobile penetration, to reach those communities who they cannot reach directly. It all started in the 1970s when Dr Rene Haller, an a...
NAPTIP calls for effective counter-trafficking policies, ideas to tackle human trafficking
Twitter The Director General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Imaan Sulaiman Ibrahim, has called for effective counter – Trafficking policies and ideas to tackle the manace of human trafficking. In a statement delivered by Head, Press & Public Relations Unit, Stella Nezan, the DG made this call at Law Enforcement and Intelligence Course 1/2021 of the Defence Intelligence College (DIC) Karu, Abuja. According to the DG, human trafficking constitutes a major National Security concern that requires new ideas and initiatives to tackle the menace, calling for the establishment of an effective and lasting counter trafficking structures as well as polices that will mitigate the prevalence of human trafficking across the world. She said ”Graduands m...
Iran says 60% enrichment meant to show nuclear prowess, is reversible
Iran began enriching uranium to 60% purity in order to show its technical capacity after a sabotage attack at a nuclear plant, and the move is quickly reversible if the United States lifts sanctions, the Iranian government said on Tuesday. Talks in Vienna aimed at bringing the United States and Iran back to full compliance with a 2015 nuclear deal have been further complicated by an explosion at Iran’s main uranium enrichment facility at Natanz. Iran has responded by saying it is enriching uranium to 60%fissile purity, a big step towards weapons-grade from the 20% ithad previously achieved. The 2015 pact between Iran and world powers had capped the level of enrichment purity at 3.67% – suitable for generating civilian nuclear energy. Iran denies seeking a nuclear weapon. “The start of 60% ...
Lagos inaugurates six-man governing board for alternative high school for girls
Lagos State Government has inaugurated a six-member Governing Board for Alternative High School for Girls In Aboju area of the state. The moves aimed at promoting the growth of both formal and informal education in the state. The state government, therefore, in demonstration of its commitment to full implementation of its mass literacy policy, charged the board to ensure that the school continues to excel in all its activities while sustaining its current impressive standard. The Special Adviser to Governor Sanwo-Olu on Education, Barrister Tokunbo Wahab, inaugurated the board. Wahab, who was represented by the Permanent Secretary, Mr Adeniran Kasali, stated that the government carefully selected technocrats with diverse experience and achievements in education and public service to let th...
Akwa Ibom wins CIRDDOC 2020 best budget transparency award
In a move that gives credence and endorsement of the commitment of the Udom Emmanuel led administration in ensuring openness, transparency and accountability in budgeting and governance, the Akwa Ibom State Government has been ranked one of the best performing states in the 2020 sub-National Budget Transparency Survey. The survey which was conducted by the Civil Resource Development and Documentation Centre (CIRDDOC) to ascertain the level of budget performance by states of the federation revealed that Akwa Ibom and four other states topped the budget performance index for the year, 2020. The Nigerian States Budget Transparency Survey Report also revealed that Akwa Ibom and some other Nigerian States have significantly improved budget transparency and participation, and has improved the ro...
Top Tech Companies Driving Africa’s Growth – Africa Tech Week
Enhancing Tech-Parity Across Africa On May 5th and 6th, Topco Media and partners will be presenting a robust networking experience aimed at kick-starting economic growth in Africa, using technology. Africa Tech Week is alive with gleaming opportunities to shape fruitful connections, forge clearer paths to digital transformation and inspire collective and personal growth. Enjoy the Inside Scoop from Top-Tech Companies Registered attendees gain access to the 2-day hybrid conference where they can enjoy the inside scoop from top-tech companies. Listen eagerly as renowned leaders including, Dr Marian Croak – vice president of engineering for Google USA, Abe Smith – international lead for Zoom USA and Ayodele Odusola – United Nations representative for South Africa unveil their winning formulas...
7 Ways to Protect Organisations from Ransomware Attacks
Sourced from International IDEA Over the past few years, the methods cybercriminals use to distribute ransomware has changed dramatically. While a few years ago, they would spread encrypted files on a large scale, today, their ransomware attacks have become more focused. Now, fraudsters examine the target in detail and research each target, looking for additional leverage. In order to protect business data from ransomware attacks, experts at Kaspersky recommend these seven tips: Installing only applications obtained from reliable sources from official websites Always have fresh backup copies of your files, so you can replace them in case they are lost (e.g. due to malware or a broken device). Remember to store them, not only on the physical object but also in the cloud for greater reliabil...
5 Institutional Funds Invested in Bitcoin by Late 2020
We saw the astronomical comeback of bitcoin last year, with a lot of people rushing to buy bitcoin. Throughout the first six months of 2020, bitcoin sold under $5,009, however, its price went over $20,000 by the end of the year. It is thought that the growth in institutional funds invested in Bitcoin was the major reason for the increase in the price of bitcoin and the bullish run it experienced. This is because digital assets are fast becoming a class asset. Due to the increased gains of bitcoin and its capacity to hedge against inflation, there is a growth in the number of institutional funds being invested in bitcoin. Also, bitcoin is simple to buy and sell via p2p platforms and easy to make micro remittances. Check out the updated list of where to buy Bitcoin in South Africa. Instituti...
Safaricom Forced to Split Dividend Payouts by CBK
Image sourced from Techweez The Central Bank of Kenya (CBK) has pressured Safaricom into dividing its dividend payouts in order to “shield the weakening shilling when the telecommunications firm seeks dollars for repatriation to foreign investors”, reports Business Daily. Kenya’s local currency has faced immense pressure in recent months following the collapse of the tourism sector due to the COVID-19 pandemic. According to people familiar with the matter, the CBK’s push is one of the “key factors for the firm to break its tradition of making a single dividend payment in August or September” – this comes after the telco announced its first-ever interim dividend of Sh0.45 in February. “Safaricom has to buy dollars from the market then repatriate the dividends. The dollar demand associated w...
FIFA chief to break silence as Super League plunges Europe into crisis
FIFA president Gianni Infantino is expected to deliver his verdict on the European Super League on Tuesday after the widely condemned breakaway competition triggered threats of legal action and punitive measures. European body UEFA will look to support from the world football chief at its congress in Switzerland as it attempts to quash an initiative that threatens its prized Champions League and the health of domestic competitions such as England’s Premier League. Twelve powerful clubs – six from England, and three each from Spain and Italy – have signed up for the Super League, which offers guaranteed spots for its founding members and billions of dollars in payments. Currently, clubs have to qualify for the Champions League each year through their national competitions, and face a length...
