MTN Ghana has revealed its results for the quarter ended 31 March. The telco’s subscriberbase grew by 0.6 million to 25.0 million, as it improved its network and customerexperience. Continued demand for data and increased adoption of more digital payment services supported the active data subscribers’ growth of 0.4 million to reach 11.2 million and MoMo users growth of 0.1 million to reach 10.7 million. Most notably, MTN Ghana revealed that it would spend around $149 million in total CAPEX in the year to meet the heightened need for reliable and resilient voice, data and digital services. “We remain in line with our medium-term target to improve our margins and prudently manage our costs. EBITDA grew by 24.6%, with a corresponding margin expansion of 1.2 percentage points to 54.6%. Th...
Sony has revealed that it shipped 7.8 million PlayStation 5 consoles across the world as of March 2021 – this number highlights the company’s ability to mass-produce the console, even though it has been extremely difficult to buy since its launch in November. According to The Verge, Sony’s record fourth-quarter figures bring the overall PlayStation business to a total operating profit of 342.2 billion yen ($3.14 billion) for the 2020 financial year. Sony PS5 System Specs and Features As previously revealed, the PlayStation 5 is running on a system similar to a high-end gaming PC. It features an 8 core Zen 2-based AMD CPU running at 3.5ghz. Its GPU is completely customised and based off of AMD’s next-generation RDNA 2 architecture capable of generating 10.28 teraflops. /* custom c...
Sourced from Wikimedia. The PlayStation Network appears to be up and running again after reportedly suffering a global outage. The outage all the categories listed on the PSN’s status page — account management, gaming and social, PlayStation Now, PlayStation Video, PlayStation Store, and PlayStation Direct. According to The Verge, all were marked as being down for about an hour though reports of the outage started rolling in around 20 minutes before the status page lights started turning red. Sony Shows Off Next-Gen PlayStation 5 VR Controllers Sony has shared a sneak peek of its next-generation PS5 virtual reality (VR) controllers. The orb-shaped controllers are expected to play a critical role in changing the way VR games are played. /* custom css */ .tdi_3_001.td-a-rec-img{ text-align: ...
Over the last few years, the number of users encountering targeted ransomware – malware used to extort money from high-profile targets, such as corporations, government agencies, and municipal organisations – increased by 767%. This increase in targeted ransomware occurred alongside a 29% decrease in the overall number of users affected by any kind of ransomware, with WannaCry still the most frequently encountered family. These are among the most important findings in Kaspersky’s recent report on the ransomware landscape from 2019-2020. The ransomware threat – when attackers encrypt private information and hold it to ransom – became mainstream news in the 2010s following large-scale outbreaks, such as WannaCry and Cryptolocker. They targeted tens of thousands of users and often requested r...
The acceleration of eCommerce as the global COVID-19 pandemic revolutionises buying trends is giving rise to exciting new developments in the financial technology industry. According to research by the United Nations Conference on Trade and Development (UNCTAD), eCommerce’s share of global retail trade grew from 14% in 2019 to about 17% in 2020. And the phenomenon shows no signs of slowing down. “Businesses and consumers who were able to ‘go digital’ have helped mitigate the economic downturn caused by the pandemic,” says UNCTAD Acting Secretary-General Isabelle Durant. /* custom css */ .tdi_3_7e3.td-a-rec-img{ text-align: left; }.tdi_3_7e3.td-a-rec-img img{ margin: 0 auto 0 0; } “But they have also sped up a digital transition that will have lasting impacts on our societies and daily live...
Sourced from Redbubble and iStock. It’s been said before, but it bears repeating – the COVID-19 pandemic offers Africa the chance to leapfrog development through digitisation, and potentially position itself as a global digital powerhouse. And while the private sector has an important role to play in this development, governments across Africa have a critical role to play in enabling digitisation, through infrastructure development, but also in digitising their own systems and processes and by creating an enabling environment using regulatory and legal tools. Developments such as the African Continental Free Trade Agreement (AfCFTA) reinforce the urgent need for governments to digitise to enable not just trade, but positive economic growth across the continent. In its report Reopening and ...
Sourced from Tech Weez. Safaricom has introduced updates to its airtime top-up, sim swap, tariff migration and activation of new lines services. The updates are expected to increase the telco’s capacity for future innovations. In a tweet, Safaricom says that M-Pesa, calls, data and SMS will all be operational. Customer Notice on Service Upgrade for Saturday 24th April 2021. pic.twitter.com/NCo9j9PUGQ — Safaricom PLC (@SafaricomPLC) April 23, 2021 Safaricom Forced to Split Dividend Payouts by CBK 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...