On 17 May 2016 the International Telecommunication Union (ITU) celebrated its 151st anniversary and has chosen ‘ICT entrepreneurship for social impact’ as its theme for the year. Activity in key regions across Africa suggests the continent intends to be a part of the global technology movement. Continue reading
African blockchain-related startups will pitch new products at SWIFT African Regional Conference in Mauritius on May 18. Three African companies were selected by over one hundred judges from across the financial, technology, and investment communities. The total of 89 applications has been evaluated for the second edition of the Startup Challenge. Continue reading
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
Following a recent injunction by a US court to put the .africa domain on hold while a lawsuit proceeds, the chair of the Africa Information and Communication Technologies Alliance (AfICTA), a private sector-led alliance of ICT associations, multi-national corporations, companies, organisations and individuals in Africa, has expressed his support for an out-of-court settlement as an option to resolve the lingering matter.
Africa supports the need for a global framework to protect privacy and foster international trade through e-commerce, particularly in developing countries as the online form of trade grows, says ECOWAS (Economic Community of West African States) Commission rep at the UNCTAD (United Nations Conference on Trade and Development) e-commerce week held this month in Geneva. 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