For a month starting May 3, The Treasury of the Australian government will be accepting submissions from interested parties to comment on a newly-released discussion paper entitled ‘GST treatment of digital currency’ as part of the 2016-17 Budget.
Bitcoin users in parts of Africa have an almost non-existent mining practice yet the virtual currency’s level of adoption is driving more Africans to its trade. Aside from a Ghanaian firm, Ghana Dot Com (GDC), which claimed it has launched the first Bitcoin mining facility in Africa in March, most mining efforts in parts of Africa are usually done on an individual basis or crowd mining with little or no chance of profitability. This is due to several factors. Continue reading
The British Commonwealth announced on 3rd May that there is a project to develop a Blockchain app to combat cross-border crime. A secure messaging system will be created to help law enforcement and prosecutors in member countries to co-operate more effectively in criminal investigations. Continue reading
Ghana’s Financial Intelligence Centre says the use of virtual markets and virtual currencies such as bitcoin and kitiwa is a severe risk to the country’s security. The assessment is based on available international records that show insurgencies have been funded from Ghana. Saddled with combating money laundering and terrorist financing, the centre is now working to make Ghana the first country in West Africa to publish its national risk assessment. Continue reading
With the high mobile phone penetration already in place, Africa is set to enable more users to download a Bitcoin wallet on their devices. In an email last year, Werner van Rooyen from Bitx, one of Africa’s biggest Bitcoin exchange firms, wrote that Africa has been waiting for something like Bitcoin for a long time.
Why? He said the continent of over a billion people has been underserved by financial institutions for such a long time. Continue reading
Leading global companies, from IBM, Intel and Microsoft to Nasdaq and DNB, are adopting new plans to benefit from the blockchain technology through streamlining their processes. They are seeking to upgrade the common state of their business and gain an edge against rivals. Continue reading
14% of users in Nigeria faced Internet cyberthreats, 46% encountered malware in local networks – Kaspersky9 Nov
In its Q3 IT Threat Evolution report, Kaspersky Lab has published the details of the key security incidents of the quarter. Using statistics from the Kaspersky Security Network (KSN), which obtains information from millions of Kaspersky Lab product users in 213 countries, the report sheds light on the increase in mobile threats, the attempted theft of money from online bank accounts and targeted cyberattacks in the evolving threat landscape. Continue reading
What is the African Standby Force (ASF)?
WHO statement on the end of the Ebola outbreak in Sierra Leone as delivered by the WHO Representative in Sierra Leone, Dr Anders Nordström7 Nov
The increasing use of bitcoins in Africa has prompted a growing chorus of government officials, legal experts and e-commerce entrepreneurs to call for the virtual currency to be regulated. In Africa’s largest economy, Nigeria, outlets like leather goods site Minku are now accepting bitcoins. South African bitcoin exchange BitX , which also operates in Nigeria, recently partnered with mobile payment and smartcard company Zazoo to enable bitcoin use via the virtual prepaid MasterCard app, VCpay.
THOUSANDS OF EVICTEES SUFFER AFTER IJORA BADIA FORCED EVICTIONS; GOVERNMENT MUST ASSIST VICTIMS AND PREVENT FURTHER DISPLACEMENT25 Sep
One week after the forced evictions began suddenly at Ijora Badia East on 18 September 2015, scores of women and children sleep under makeshift shelters at the demolition site. The heavy rains that fell throughout the Eid-el-Kabir (Sallah) holiday highlighted the misery of homelessness. Continue reading
Ralph Ese’Donnu Sawyerr – Officials of the National Social Security and Insurance Trust (NASSIT), accompanied by some members of the Sierra Leone Teachers’ Union, are in the border town between The Gambia and Senegal, Basse, to push NASSIT’s operational expansion drive and to sensitize Sierra Leoneans living out of the country on its activities. Continue reading
Olusegun Abolaji Ogundeji IDG News Service – MDX-i, a subsidiary of MainOne, West Africa’s largest data center, is leaning on Microsoft’s Azure to launch a service to help meet the computing infrastructure needs of companies deploying private, public or hybrid clouds from its Tier III Data Center in Lagos. Continue reading
The Economic Community of West African States (ECOWAS) has officially acknowledged the key role the Institute for Security Studies (ISS) plays as a partner in implementing its Integrated Maritime Strategy (EIMS). The ISS wrote the EIMS for ECOWAS, which was adopted on 29 March 2014. The two organisations prepared a draft priority plan of action for implementing the EIMS, which ECOWAS experts validated at a meeting from 27 – 28 July in Abuja, Nigeria this year. Continue reading
The President of the African Group and Minister of Finance of Angola, Armando Manuel, has reiterated the need to combat the illicit flow of funds across the continent, saying such could be used for developmental purposes. Continue reading