Facebook enters cryptocurrency arena

06 September 2019

Libra is set to launch in 2020

Libra is set to launch in 2020

US social media giant Facebook has unveiled plans to launch a new cryptocurrency called Libra.

Set to launch in 2020, Facebook said users would be able to make payments with the currency via its own apps, such as messaging service WhatsApp. 

It added that firms such as Uber and Visa were also likely to follow suit and recognise the digital currency as legal tender.

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Airtel Kenya loses US$6.7m

05 September 2019

Airtel Kenya lost Sh670m (US$6.7m) through its mobile money transfer platform last year, in what has been described as “one of the biggest inside job corporate thefts in recent history”.

The huge losses were revealed in a prospectus of parent firm Airtel Africa, which showed that only Sh86m (US$860,000) of the amount lost was recovered through insurance.

 “In 2018, incidents of cash control frauds were identified in the Airtel Money operations in Kenya, which involved circumvention of its controls by Airtel Money employees and resulted in loss of $6.7 million (Sh670 million),” Airtel Africa said.

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Google introduce new products and tools for African consumers

23 August 2019

Google unveiled a dedicated travel mode in Google Maps to provide navigation for motorcycles in Nigeria. It will also be made available in Benin Republic, Ghana, Rwanda, Togo and Uganda

Google unveiled a dedicated travel mode in Google Maps to provide navigation for motorcycles in Nigeria. It will also be made available in Benin Republic, Ghana, Rwanda, Togo and Uganda

Google has introduced a raft of new products and tools designed to help consumers in Africa and pledged an additional US$4m towards youth development.

The US giant used its Google for Nigeria event to unveil a dedicated travel mode in Google Maps to provide directions and navigation for motorcycles in Nigeria.

It will also be made available in Benin Republic, Ghana, Rwanda, Togo and Uganda.

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WhatsApp now available on KaiStore

23 August 2019

WhatsApp was first launched on KaiOS phones in India in September 2018

WhatsApp was first launched on KaiOS phones in India in September 2018

KaiOS Technologies has made WhatsApp available for download in the KaiStore making available to hundreds of millions of Africans using both 512MB and 256MB RAM devices. 

The Facebook-owned messaging service was first launched on the KaiOS-powered JioPhone in India in September 2018 and now with the broad release, the app will reach millions of new users across Africa, Europe, the Americas and Asia. 

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