Category: Fin Tech
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Cybersecurity Breach at Uganda’s Central Bank: $17 Million Stolen, Probe Ordered
Uganda is in the spotlight following a major cybersecurity breach at the Bank of Uganda (BoU), with reports claiming that hackers siphoned off 62 billion Ugandan shillings (approximately $17 million). The government has ordered an investigation into the attack, which has sparked concerns about financial security in Uganda and across Africa. The Hack: What We…
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🇲🇬Madagascar Faces Mobile Money Crisis Amid Tax Controversy
The mobile money sector in Madagascar is at a critical juncture following debates over a new proposed tax bill that many experts, businesses, and stakeholders are labeling as inefficient and dangerous for the country’s growing digital economy. Mobile money services are a lifeline for millions of Malagasy citizens, providing financial inclusion in a country where…
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Special Report: The Future of Technology Innovation in Africa—A Focus on Kenya
As the world races to adapt to the rapidly evolving digital economy, Africa stands at a crossroads, with technological innovation emerging as a crucial avenue for solving pressing challenges, including job creation. In East Africa, Kenya has positioned itself as a leader, particularly in its capital, Nairobi, which is rapidly becoming the region’s tech hub.…
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Google Exposes GLASSBRIDGE: A Pro-China Influence Network of Fake News Sites
Government agencies and non-governmental organizations in the United States have become the target of a nascent China state threat actor known as Storm-2077. The adversary, believed to be active since at least January 2024, has also conducted cyber attacks against the Defense Industrial Base (DIB), aviation, telecommunications, and financial and legal services across the world,…
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The Rise of African and African-American Tech Companies: Market Disruptors with Cultural Roots
The tech industry is seeing a transformative wave led by African and African-American entrepreneurs who are reimagining digital solutions to address global challenges while celebrating cultural identity. Companies like Fanbase, BlueSky, Spill App, and panafrican.email are reshaping their respective niches with innovative platforms, strategic funding, and a strong focus on underserved markets. Fanbase: Monetizing Authenticity…
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LinkedIn to Pay $335 Million for Data Privacy Violation!
#privacy #news #data #linkedin We all know LinkedIn; a kind platform that helps us find jobs from all around the globe, right? Well, there is a rather dark side as well. Recently, Ireland’s Data Protection Commission, which is the regulator to watch over LinkedIn in the EU, declared that the website has processed its users’…
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Business Editorial: The Dark Arts of Growth Hacking Websites
This entry will focus on how some companies exploit metrics to create an illusion of growth, distorting their real value and deceiving investors. Tactics include shifting profitability projections, using misleading engagement metrics, or fabricating user activity through click farms and bots, a practice prevalent in both Web2 and Web3 spaces. In crypto, wash trading and…
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🌍 BRICS cooperation with Africa increases the bloc’s influence on the global economy – media
The influence of BRICS on the global economy is growing as the number of member countries increases, and the importance of cooperation with Africa is also growing, according to an analytical article in the Zimbabwean newspaper Herald. “As the number of BRICS member countries increases, so will the organization’s influence on the global economy. One…
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Stripe to Acquire Stablecoin Fintech Bridge for $1 Billion
In a major move toward expanding its cryptocurrency capabilities, Stripe is set to acquire Bridge, a stablecoin payment platform, for $1 billion. Bridge offers businesses and governments the infrastructure to send and receive stablecoins like USDC and Tether, facilitating cross-border transactions and financial inclusion. This acquisition aligns with Stripe’s strategy to enhance global payment services.…
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