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Jovago.com Lists Innovative Tools That Guarantee Entrepreneurial Success

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Major African online hotel booking platform Jovago.com says innovation is an essential tool for entrepreneurial success.

At the recently held MTN Link Forum in Lagos, the Managing Director of Jovago.com, Marek Zmyslowski made a presentation where he educated budding entrepreneurs on the basic innovative tools that will guarantee success in their businesses.

Some of the necessary requirements, according to Zmyslowski, include being persistent, productive and critical. He also encouraged the entrepreneurs at the forum to master the art of delegation and to create project lists that can easily be referred to, as this would help to make them more efficient.

MTN Link Forum provides opportunities for small business owners to interact with and learn from the experiences of established business men.

According to Kola Oyeyemi,  who is the MTN General Manager, Consuming Marketing, many young Nigerians want to start and grow their businesses but do not know how to go about it and those who try without proper knowledge end up experiencing losses. “It is in recognition of this, that MTN created the Link Forum as a solution to address this challenge.”

“For an entrepreneur, one of the most critical responsibilities is to delegate and follow up on assigned project managers effectively,” said Marek Zmyslowki, Managing Director of Jovago Nigeria. “Therefore it is very important for entrepreneurs to use tools such as Nozbe to keep themselves and their teams better organised.”

Tigo and Airtel agree to integrate Money Transfer Services in Tanzania

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Tigopesa users can now receive or send money to Airtel customers following a move by both companies to put together their mobile financial services.

According to Diego Gutierrez, Tigo General Manager, the new service comes after a signed agreement between Airtel and Tigo in June this year.

Gutierrez further stated: “We are pleased to work with Airtel to expand the mobile money universe within Tanzania. The same way we co-operate with our competitors on texts and voice calls, we hope to do the same with mobile money and help make Tanzania a worldwide pioneer in digital financial inclusion.

“The agreements and systems formulated with Airtel were consistent with the Industry Standards made easier by International Finance Corporation (IFC) under the Central bank of Tanzania (BOT)’s mandate and initiative.”

According to Gutierrez, talks were already in progress to integrate Tigopesa service with other mobile financial networks to provide Tigo customers optimum convenience to send or receive money easily from relatives and friends on the remaining networks in Tanzania.

Tigo, Zantel and Airtel signed an agreement this year in June to allow customers within Tanzania use their mobile handsets to send money to each other.

Microsoft Sponsors this year’s DEMO Africa Event

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Microsoft in ChinaMicrosoft Corporation has taken up platinum sponsorship for this year’s edition of DEMO Africa that will be held later in the month, in Lagos, Nigeria. The company will participate in the event for the 3rd time under the Microsoft 4Afrika initiative.

The sponsorship will see Microsoft offer financial support for the event where 40 tech based start-ups from across Africa are expected to pitch to potential investors. DEMO Africa recently released the names of the final 40 start-ups that will launch on the DEMO Africa stage where Nigeria, Ghana, Kenya and Egypt will have the highest representation.

Commenting on the collaboration, Fernando de Sousa, GM Africa Initiatives at Microsoft, underscored the importance of innovations to the growing African economy. “DEMO Africa has given a platform for investors to realize the enormous potential amongst African youth showcased through startups. As an organization that has operated in the continent for over 20 years, Microsoft believes  Africa’s economic take-off to long-term growth prospects  will be determined by the investment decisions we make today in support of  youth initiatives. ”

Welcoming the support, DEMO Africa’s Executive Producer, Harry Hare commented that investor’s confidence plays a very critical role in motivating start-up entrepreneurs .” We acknowledge the support of Microsoft and their efforts in uplifting young entrepreneurs in Africa. It’s this kind of support that assures us that the future is indeed bright for Africa and at DEMO Africa we are keen to make our contribution to this success.

As has been witnessed in the past, the September event is expected to attract top investors, tech acquisition specialists, IT buyers and media from across the region and around the globe. Participants’ registration is already open on https://www.eventbrite.com/e/demo-africa-2014-tickets-10936486325.

The secretariat has put together a special package for investor delegates which comprises:15% discount on a DEMO Africa ticket, 15% discount on a VC4A Pro Account, Access to the companies’ financials, Ticket to the Investor Cocktail on DEMO Africa’s opening evening, Ticket to a special Investor Boomcamp as well as access to a special Investor Lounge and Deal Room at DEMO Africa. More information on this package can be found at http://vc4afri.ca/h6j8u

DEMO Africa 2014 is scheduled to take place between 22nd and 26th of September at the Oriental Hotel in Lagos, Nigeria. This year’s event is being organized in collaboration with the LIONS@FRICA partners, VC4Africa and Nigeria’s Federal Ministry of Information and Communication Technologies.

 

 

Airtel launches WTFB bundles for Social Media lovers

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Airtel Nigeria has introduced a special internet bundle offer package, which is tagged WTFB — acronym for WhatsApp, Twitter, Facebook and BBM. It will provide consumers total access to Facebook, Twitter, WhatsApp and BBM.

The offer comes in two variants: the weekly social bundle and the monthly social bundle. To activate the monthly social bundles, subscribers will dial *990# and dial *991# for the weekly social bundle. The monthly social bundle attracts a fee of N200 while consumers are billed N100 for the weekly social bundle.

Commenting on the innovative value offering, Chief Commercial Officer, Airtel Nigeria, Maurice Newa, said the new package is consistent with the company’s commitment to providing affordable and innovative mobile Internet service, saying it will offer telecoms consumers a strong platform to express themselves regardless of their income level, social status and location.

“Airtel is passionate about driving innovation and mobile Internet service. As the fastest growing data operator in the country, we will continue to offer Nigerians bespoke mobile Internet solutions that will empower them to fulfill their dreams and realize their full potentials,” he said.

Only recently, Airtel Nigeria announced the introduction of Internet Bundles for Android devices. The package, which is first of its kind in the country, was designed to make life simpler, exciting and more enjoyable for telecoms consumers across the country.

It is specifically tailored to empower Android users to connect with business associates, family and friends and also enable them enjoy an amazing data experience on their smartphones.

Internet of Things bound to connect 40.9 Billion Wireless Devices By 2020

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The installed base of active wireless devices are bound to increase to more than 16 billion this year, which makes it about 20 percent more than it was in last year, says a market forecast research from ABI Research.

According to the report, the number of these devices will double up to up to 40.9 billion by 2020.

“The driving force behind the surge in connections is that usual buzzword suspect, the Internet of Things (IoT). If we look at this year’s installed base, smartphones, PCs, and other ‘hub’ devices represent still 44% of the active total, but by end-2020 their share is set to drop to 32%.

“In other words, 75% of the growth between today and the end of the decade will come from non-hub devices: sensor nodes and accessories,” said the Principal analyst Aapo Markkanen.

The biggest concern is whether the technology will be able to connect the excess devices. It happens that product OEMs will be using with cellular, Wi-Fi, Bluetooth, and others all generally addressing their relative comfort zones. Going forward, they will be in an increasing competition with each other, so for the suppliers the strategic stakes are getting much higher.

Practice director Dan Shey adds: “The recently introduced Thread protocol, spearheaded by Nest Labs, is the clearest example of this convergence. It is not only setting the bar higher for ZigBee in the 802.15.4 space, but also piling up pressure on Bluetooth suppliers to enable mesh networking.

“In the meantime, the LTE-MTC and LTE-M initiatives may well expand the market for cellular M2M, while startups like Electric Imp and Spark could do the same for Wi-Fi. And finally, we also shouldn’t ignore what’s going on with passive, proximity-based connectivity offered by RFID and NFC. For example, Thinfilm’s plans with printed electronics warrant attention.”

 

SimplePay Launches SimpleGiving to Simplify the Way Christians Give Offerings in Church

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10257954_628514813899902_8721451847085937200_nAbuja-based SimplePay, a web and mobile financial services firm that allow users and merchants to make and receive purchases or fund transfers instantly has launched SimpleGiving to simplify the way christians give offerings in church.
SimpleGiving app aims to make donating to your church faster, easier and safer and from the convenience of your mobile with two clicks from anywhere in the world. Users without an Android phone can donate from the SimplePay web site at, or using a friend’s phone with their own login.

“We actually designed this app at the request of some of our church partners who wanted an app free from distractions for their congregation to use for instant giving in church,”  SimplePay CEO, Simeon Ononobi said of the new application.

Not only can church attendees give instantly, but now churches can track all donations, get reports, and view a history of donations. The app and management dashboard is free for churches to use. Users pay a 1% plus ₦10 fee to donate. “The fee is less than using a credit card and less than the transportation costs to get to the ATM or bank,” said SimplePay COO, Rich Tanksley.

The new app can be downloaded from the Google Play store here:

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Founded in 2013 by Simeon Ononobi, SimplePay received funding from Seedstars, a Swiss-based venture builder this year to continue with its journey of allowing businesses or consumers with an e-mail address and a bank account to send and receive payments online or through their mobile phone real-time.

MSN Messenger to be switched off in October

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Microsoft’s Windows Live Messenger, originally called MSN Messenger, will be switched off in China in October after marking the end of its 15-year-old service.

MSN Messenger came to China in 2005 though faced stiff competition from QQ messenger, designed by Chinese rival firm Tencent.

After Microsoft purchased rival Skype, MSN Messenger launched in 1999 was turned off for most users in 2013. By 2009, Windows Live still had as many as 330 million users though the number reduced later as Skype users rose to almost 300 million by 2012.

According to Chinese newspapers, most Chinese Windows Live users obtained emails from Microsoft informing them of the intended closure. The emails informed users that they would receive free Skype credit when they moved over to the new service.

MSN Messenger started as a simple text chat service in 1999, which later added features such as games, video calls and photo delivery as technology grew though the purchase of Skype in 2012 signified the end for MSN service.

China users who continued to use the old service will be transferred to Skype by October 31, 2014.

Study shows Market Opportunities in Sub-Saharan Africa Are “Moderate”

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A collaborative study by Dubai Chamber of Commerce and Industry, and the Economist Intelligence Unit (EIU) has highlighted that the increase in economic reforms, rising fiscal spending and ties with fast growing economies in Asia are the main factors supporting the economy in Sub-Saharan Africa.

The study states that investment opportunities are particularly significant in the telecoms sector. Although there are over half a billion mobile subscribers, most countries are still far from saturation and internet access is still almost non-existent in many countries.

It further emphasises that with the emergence of middle class in Sub-Saharan Africa, formal retail is starting to develop, offering “value” products aimed at lower income customers while infrastructure needs are enormous, with an estimated US$100bn a year required by the power sector alone.

In Ghana; the business environment is conducive but what is bringing them down is the poor infrastructure. For retailers, Ghana has the potential to become the gateway to West Africa’s 250m consumers.

Mining communities and tourists in coastal towns and the much anticipated growth in population – expected to double in 20 years – will contribute to the development of the retail sector.

Ghana’s GDP growth will average 7.5 percent annually until 2017. This is expected to be driven by the expansion of gold mines and burgeoning oil and gas sector.

Tanzania on the other hand, is harvesting big on tourism than other sectors and the economy remains dependant on agriculture and mining.

Real GDP growth is expected to average 7.1 percent up to 2017, assuming tourism, agriculture, trade and investment pick up while growth in construction will be robust, led by investments in the gas industry and infrastructure projects.

FDI exceeds US$2bn and is expected to increase by 20 percent per year up to 2017. Mining is the largest source of FDI followed by telecoms and construction. Agriculture has also been targeted by the government as a source of future FDI.

Nigeria emerges as a strong destination for investments in telecoms and retail mainly due to the large population (20 percent of the Sub-Saharan Africa). It is also a key market to multinationals.

Nigeria’s FDI has exceeded US$6bn mainly in the energy sector. Owing to the investment in oil and gas, the economy will remain robust but will not be sufficient for a sizeable improvement in living standard.

Growth is expected to continue until 2017 owing to the investment in the oil and gas sector. Non-oil growth will be robust, led by telecoms, trade and infrastructure.

The economy of Kenya has developed into a market-led hub for East Africa’s telecoms, retail and tourism sectors.

Growth will pick up to 5.1 percent a year on average as banking, telecoms and the middle class continue to develop. Prices of food and oil, and drought threat remain key risks.

FDIs are under US$0.5bn targeting mainly telecoms and financial services.

The President and CEO of Dubai Chamber stressed that this study is one in a series of studies on Africa developed by the Chamber, and is aimed at introducing businesses in Dubai to investment opportunities available in the continent.

H.E. Hamad Buamim, President and CEO, Dubai Chamber, commented that AGBF will shed a light on the economic and investment realities in Africa and will give business leaders and decision-makers from Africa, Dubai and the wider GCC region an ideal platform to discuss business partnerships and opportunities.

Non-oil trade between Dubai and Ghana accounted for almost AED8.9bn in 2013. Imports accounted for around AED7.4bn and exports and re-exports around AED1.5bn.

Ghana ranks 34th on the list of Dubai trade partners. The most traded commodities include agricultural products, foodstuff, precious stones and metals, wood and construction material.

Nigeria’s PricePadi.com Launches to take on Naspers’ PriceCheck

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comparisonNigerian consumer internet company, Iconway has today launched PricePadi.com, a new online shopping price comparison site set to allow consumers check prices of good before they buy them from various online retail stores.

Iconway which also runs MobilePadi, StarGist and SugarSport says PricePadi.com has listed over 10,000 items such as mobiles phones, computers,  applainces and general electronics to give consumers a wide variety of items to chselection of products can easily be navigated using its search and recommendation technology making it easy for customers to find what they need faster and viewoose from.

Iconway Founder, Oduntan Odubanjo who is also a Twinepine Network co-founder said in a statement: “We have built a solution, which though far from perfect provides a great user experience for Nigerian shoppers to research items before they purchase. Our goal is to allow Nigerians make informed purchasing choices and we will be investing over the next couple of years to take this to the next level”.

With increasing uptake of e-commerce in Nigeria and just one player in the market, PricePadi will help shoppers searchand compare prices of thousands of items in Nigeria. At the moment most of the items listed on the site are from Jumia but we believe Konga is on board and many other retailers will join on board.

The site will make money via the affiliate programs, CPA model, banner ads and many more. At the moment, Odubanjo will need to employ an SEO machinery to drive traffic and as well hire a huge team to populate the site’s inventory. It pays to have as many retailers on board as possible.

His fierce battel will be taking on Naspers’ PriceCheck which boasts of millions of product prices, across thousands of categories, from literally hundreds of stores, all from your browser or mobile device since its launch in 2006 in South Africa and last years launch in Nigeria. The Naspers site will give PricePadi a run for its money majorly because of its relationshop with both Konga and Jumia, the country leading online stores.

On features, it also has an upperhand as it has a mobile barcode scanner in its app which shoppers use to simply scan a product in-store and receive prices, expert reviews, store and location information in an instant. We would love to see how the two co-exist though and we are expecting a David and Goliath battle here.

Pamoja’s Cloud Service ecosystem fast taking shape in Africa

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Pamoja has entrenched the value of its service in East Africa and has made this high-growth region its base. Having made enough partnerships, the company intends to build on its value added reseller network and strengthen the Cloud service ecosystem it has long envisaged for the continent.

Pamoja is focused on driving increased adoption of Cloud services, addressing traditional challenges and successfully replicating the Cloud services model for the benefit of operators throughout Africa.

In line with its proactive strategy to engage the Africa market, Pamoja has teamed up with First Distribution as part of the ‘First for Cloud’ initiative and make available Cloud computing for resale via an extensive network of Value Added Resellers.

Empowering the reseller through reliable technical support and exposure to global best practices in terms of Cloud adoption is a key component of Pamoja’s strategy.

To this end the Company recently announced that it has deployed its second Cloud platform at Liquid Telecom’s East Africa Data Centre in Nairobi, Kenya.

On September 11, 2014 Pamoja will unite with partner SmoothTel to host a targeted customer event in Nairobi. This event will offer small and medium business owners and key decision makers the opportunity to learn more about the benefits of Cloud computing.

Smoothtel is a professional ICT infrastructure specialist that provides its customers with innovative solutions that ensure the optimisation of application availability and manageability.

According to Albie Bester, CEO, Pamoja, Smoothtel’s value proposition is its ability to remove the complexity of the process of ICT acquisition and application.

Executive leadership at Pamoja believes that Africa is a prime candidate for Cloud computing. Access to this resource means that despite insufficient IT resources and limited budgets, businesses of any size can be equipped with ICT services at levels previously unattainable.

In order to reinforce this message, the company is actively pursuing opportunities to engage directly with the market through events and exhibitions.

Also in September, Pamoja, together with its Governance, Risk and Compliance (GRC) partner, Guideline Biztech, will exhibit at the IRMSA (Institute of Risk Management South Africa) 2014 Conference in Midrand, Gauteng.

This event, Bester says, affords the company a unique opportunity to engage with specialists in the field of risk management and deliberate the positive impact Cloud computing has on this industry.

South Africa’s Phonefinder Wants to be the Biggest Cellular Services Price Comparison Site

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The four co-founders (left to right) — Tom Goldgamer, Danny Aaron, Lance Krom, Devin Karpes.
The four co-founders (left to right) — Tom Goldgamer, Danny Aaron, Lance Krom, Devin Karpes.

Cell phones have come an extremely long way in South Africa and have become not only a necessity, but a symbol of social status and even a fashion statement – yet the local market around cell phones has hardly evolved at all. Not only are we still going to cell phone shops just to open up a contract (something that should be done online), but with over 3000 unique cell phone contract offerings on the market you have to wonder if consumers are really making an informed decision.

Phonefinder hopes to be the next big thing  by ceating an online hub for everything cellular.

South Africa’s Phonefinder is a new concept for South Africa which aims to be the number one destination for all things cellular. The website offers a number of services including a comprehensive and transparent comparison service for over 3000 cell phone contracts, a phone repairs service, an accessories store and even offers cell phone insurance.

[The service is a listing platform for Service Providers who get to list as many deals as they have available. Currently there are over 3000 from which to choose. When a client submits his/her details for a chosen deal then the correct Service Provider is instantly informed].

Phonefinder hopes to take the complexity and cost out of choosing a cellular package.

When you consider that mobile penetration in South Africa is over 128% and that more South Africans use cell phones than listen to the radio; well you get to understand how important cell phones are in our lives. I mean there are more active SIM cards in South Africa than there are people!” said Lance Krom CEO.

Phonefinder is on the path to creating a “cell phone ecosystem” with the end consumer in mind. The ecosystem offers informed and unbiased comparisons, phone accessories, insurance and repairs..

Phil Phonefinder Header Since being launched in late 2012, Phonefinder intended to put an end to shop-queues and choice-confusion, and it looks like they are on path to do just that. This year Phonefinder has serviced over 10,000 clients with its user-friendly service which lets consumers search, filter and sort through 3000 deals to find the best offering to suit their needs and budget.

These 3000 plus deals are made up by Networks such as MTN, Cell C and Vodacom creating various tariffs. Then there are the Service Providers (Red Bull Mobile, Virgin Mobile, Altech Autopage Cellular, Afrizone, Bayport) who bundle the Networks Tariffs with their own unique packages. Then of course there are the various devices such as Samsung, Apple and Nokia, Huawei (to name a few) which are bundled to the tariffs.

Unique to Phonefinder is the ability to list every cell phone contract offering in South Africa. With Phonefinder, consumers can now purchase (or upgrade) a cell phone contract over the internet, and since the site offers an “Upgrade Reminder” customers can be sure never to forget when to visit Phonefinder for a great deal.

“While the site is deceptively simple it is really our relationships and back-end technology which makes Phonefinder truly unique, plus we have Phil” says Lance. Every query is handled by Phonefinder’s detailed lead management system which instantly pushes the clients request to the correct Service Provider. The request is then painstakingly chased up by the team until the client has been expertly assisted. “Client satisfaction is the only thing that matters, how else will we get the Facebook Likes?” Jokes Lance.

The future looks exciting for Phonefinder. The site will soon offer a mobile device comparison shop as well as a “Phone Zone” where Phonefinder clients can store their cell phone history (we are also working on a points based loyalty system where we can give back to our customers.

Since Phonefinder’s origin story is rather ordinary (a gap was identified to bring convenience to South Africa) Phil, the face of Phonefinder, was created. Phil may be the saviour which The SIM Card Legends speak of: Phil is the result of an electrical surge which jolted a charging cell phone to life. Now armed with the knowledge of a thousand phones, impeccable hair and a green tie Phil is forever ready to be at your service.

Lance Krom worked in London for five years and was heavily exposed to deal comparison websites. As CEO he handles operations, marketing for the company. Danny and Tom jointly own 3 Way Marketing, a leading digital lead generation and branding company that uses a range of digital channels and strategies to create brand awareness, traffic and leads for its clients. Devin Karpes is a seasoned entrepreneur who previously owned a design company called Pepamint Hippo serves as creative director for both 3 Way Marketing and Phonefinder.

Essar’s YuMobile Sold for U.S. $120 Million to Kenya’s Safaricom Ltd and Bharti Airtel Kenya

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The Essar group has signed an agreement for the sale of its telecom business in Kenya. The signing came after CA (Communication Authority of Kenya) approved Essar’s YuMobile to be sold for $120million to Bharti Airtel Kenya and Kenya’s Safaricom Ltd.

According to Firdhose Coovadia, board member of Essar Capital, the transaction is an additional step towards attaining Essar Capital’s strategy of depriving Essar Global Fund investments within the global telecommunications sector.

Coovadia further noted: “We also think that the transaction with Airtel and Safaricom will offer much needed consolidation within the Kenyan mobile telecommunications market and offer clients with fewer mobile operators, equipped better to enhance service delivery and offer customers great products.”

Before the CA approved the transaction, the two parties involved had to meet some pre-conditions, which include Safaricom to open up its M-pesa network to rival operators. Additionally, both Airtel and Safaricom would have to pay $5.5 million each to allow synchronization of the assets to be taken by the two operators. On the other hand, YuMobile was expected to clear all its outstanding regulatory fees before approvals.

Finalizing the agreement will see Bharti Airtel acquire YuMobile’s subscriber base while Safaricom will take over Essar Telecom Kenya’s network, office and IT infrastructure.

Madhur Taneja, the CEO of YuMobile stated: “We have structured the transaction in such a manner that our clients will not be required to change their SIM cards or mobile numbers. Furthermore, we anticipate that the planned transaction will bring larger benefits through an increased product bouquet to the customers.”

The exit of Essar group from the telecom business began back in 2010. The CA will soon file for approval the multi-million dollar transaction and the process is expected to complete towards the end of the year.

Nigeria’s Co-creation Hub Raises $500,000 to Support Early Stage Startups

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1044025_567663449943250_988770212_nNigeria’s social innovation centre CcHUB has launched a $500,000 seed investment fund to support early stage start-ups over the next two years.

The start-ups Vacantboards, Truppr, Traclist, 500shops and GeniiGames will receive sums ranging from $10,000 – $25,000 to support them in business model experimentation  and operations. The hub announced the beneficiaries on the first anniversary of its incubation office used for mentorship, user testing, access to markets, office space and administration.

Bosun Tijani, CEO & Co-founder of CcHUB said,‘CcHUB incubation office launched in response to the need to provide business development, mentoring and funding support to start-ups that showed traction from our impactful Pre-incubation program. Our seed investment ensures startups have a sure footing post-Preincubation to concentrate on rapidly executing their plans and learning from the market.’

Vacantboards, Truppr, Traclist, 500shops and GeniiGames went through CcHUB’s Pre-Incubation program to help them address local market problems with relevant solutions and began out with a grant $5,000 each to support their ideas, build working prototypes, carry out initial market testing & proof their concepts. These ideas grew steadily, earning revenues, increasing their user bases and building partnerships hence needing a different kind of support. The initial grant came from the $90,000 Tony Elumelu Foundation/CcHUB pre-seed fund.

‘Discussions are already underway with investors to provide additional funding to two (2) of our initial beneficiaries and we hope to break the news in the coming months’ remarked Tunji Eleso, Director of Incubation. We welcome startups looking to transform the way Nigerians live, play and do business to apply to join our portfolio via http://cchubnigeria.com/pre-incubation/ he further stated.

Just a little background on the startups.

Vacantboards (www.vacantboards.com) led by Tunji Alao is an online outdoor advertising marketplace which enables one-click booking of outdoor advert spaces & tracking of advert campaigns. Truppr (www.truppr.com) founded by Bosun Tijani is a social tool that connects people with physical activities and teammates in cities across the world. Traclist (www.traclist.com) run by Emotu Balogun is an online marketplace that helps fashion retailers expose their inventory and allows customers all over Nigeria to buy from an wide array of  products and 500 shops (www.500shops.com) led by Clive Ayonye offers small and medium sized businesses the opportunity to set up a complete online store and accept orders in minutes. Genii games (www.geniigames.com) led by Adebayo Adegbembo delivers educative apps aimed at preserving and promoting African Culture and related subjects which include languages, etiquette and ethics.

 

Twinpine to host tech event in Nairobi

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Africa’s biggest premium mobile advertising network Twinpine will host an event in Nairobi on September 9, 2014 to demonstrate the outlook and expansion of enterprises in Kenya, and East Africa as a whole.

The event dubbed “#KuunganaKe,” whose theme is ‘Discovering the Mobile Web in Africa’, will host brand owners, online content publishers, host advertisers and various industry participants.

Main speakers at the event will include Thomas Mbalu, Regional Manager, East Africa; Eniola Moronfolu, Product Management Lead and Twinpine Elo Umeh, Managing Director and CEO.

KuunganaKe will feature the introduction of Twinpine’s innovative advert server technology that offers partners more value for their money and takes their revenue higher.

Currently, Twinpine works with different top ad agencies, publishers and brands both internationally and locally connecting them with their African audience giving them exceptional results. The firm has brought campaigns into different African countries including Kenya, Uganda, South Africa, Nigeria, Zambia, Ghana and Zimbabwe.

CNTI launches Free Internet Access Points in Angola

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In its efforts to raise the digital and social inclusion within the Angolan society, the National Information and Technology Centre (CNTI) has launched a project called “Angola Online.”

The project is expected to provide free internet access at public places, main squares and great public concentration places in Luanda.

José da Rocha, the Minister of Telecommunication and Information, and Luanda Governor Bento Francisco Bento commented that the project will provide Luanda residents internet access for faster information acquisition.

In the first phase the project will promise to offer free internet access within the Luanda city main points including Samba Park, Cazenga’s Historic Place, Viana Youth House, Independence Square, Schools Square, FAPA Square, São Domingos Church Square, Family Square, University Campus and High Telecommunication School, according to the Ministry of Telecommunication and Information.

How women make use of social media to con men

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Today, men have turned out to be more unpredictable and slippery when it comes to establishing long-lasting relationships, and with the philosophy of money first then love later, some men find it onerous engaging in committal love affairs.

With this in mind, some women look for alternative methods of slipping into the well-protected wallets of stingy men. According to a survey, social media users, particularly some women, are seeking clever means of getting money by tempting unsuspecting men into their traps.

Flooding of Social media such as Twitter, WhatsApp, Facebook, Badoo and Skype into the market has assisted most women to con unsuspecting men huge amounts of cash as well as cleaning their victim’s bank accounts.

According to Clance Ruhamba, a Dar es Salaam lawyer, the women take advantage of men’s weakness — where a beautiful woman requests for friendship in any social media site. After they hooked up they begin asking for money. However, after they are given  the money, they stop communicating and prey on other victims.

“Imagine one woman receiving money from two men daily, it means that it has turned out to be a profitable business,” Ruhamba added.

Jason Amir, a victim who was conned KSh500,000, stated: “Make sure that you do not believe what anyone tells you online. These scammers do not care what they do to get money or how much it costs you; the only thing they believe is that if you are stupid enough to fall into their trap then you deserve it. So do not let this happen to you.”

These women come in many disguises and some will even agree to meet their “new love” personally though eventually if you are clever you will realize that they are only after your cash.

It would take time before the practice could be halted since most men are married and so fear to tell anyone. Additionally, the scammers have continued to get away with the behavior because it establishing their true identity is difficult.

UBA Launches One-stop e-payment Portal to Serve 19 Countries in Africa

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ubaE-commerce in Africa is set to receive a boost as United Bank for Africa (UBA) Plc has introduced an online payments and collections platform tagged U-bills. The online payment platform has been enabled in all the 19 countries where UBA has operations.

U-bills, is a collection and bill payments platform that allows sellers to collect payments online or on their mobile devices like tablets and smart phones.

It also provides a one-stop platform for customers to make payments for goods and services on their mobile phones, tablets or personal computers as long as they have an internet connection on the devices.

“The uniqueness of the U-Bills platform is that it is a single payment gateway where all forms of payments to different merchants can be made. It is not a single-merchant platform. All merchants can register on U-Bills to receive payments for goods and services. Also, anyone can go online and register to make payments for goods and services bought” explained Yinka Adedeji, Divisional Head, e-banking.

With U-bills, customers have the flexibility to make online payments anytime of the day or night or week to sellers for goods bought or services rendered.

“This means, it no longer matters where you are in the world. So far you are African and are from any of the Countries where UBA is, you can now pay your bills, top up phones of your loved ones and still pay for services without moving an inch.”

Customers registered on U-Bills can recharge their mobile phones, pay their cable TV bills quickly and easily and pay their utility bills in any of the 19 countries in Africa where UBA has operations.

Already, some top merchants that have registered on U-Bills to receive payments include leading telecom operators like; MTN (top-up and post-paid), Etisalat, Glo, and Airtel. Customers of these telecom operators registered on U-Bills, can buy air-time or top-up on the U-Bills platform.

Other service providers currently registered on the U-Bills platform include; Financial Reporting Council of Nigeria (FRCN), Abuja Geographic Information Systems, Bells University of Technology Limited among others.

Any type of registered business, small or big, providers of services or sellers of goods, can register on the U-Bills platform to receive payment for goods and services offered for sale.

The U-Bills platform accepts VISA and MasterCard as well as the local Card schemes and other payment platforms in the different countries where UBA has its operations.

Merchants must be UBA account holders to register to use U-Bills which will be activated on a Merchant’s platform within 72 hours of registration. U-Bills has no monthly or annual Charges. All charges are based on transactions and are country specific.

Payments on the U-Bills platform are safe and secure and protected by the best in class IT security features that is line with the Payment Card Industry Data Security Standards for card payments.

U-Bills is just one of the latest payment options from the UBA Group, an acknowledged leader in the African e-payment banking space.

A highly diversified financial services provider and one of the largest financial institutions in Africa, with business offices in New York and Paris and a subsidiary in London, The UBA Group controls significant market share in 19 different African countries.

The Group has a strong retail penetration across the African continent with more than 10 million customers who enjoy a bouquet of products and services tailored to meet their different financial needs and backed by a cutting edge e-banking platform that offers secured and convenient real-time online banking services.

Kenya’s Nailab Raises Over 5 Million to Support its Season 4 Startups

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Startups-178X273CMNailab yesterday announced the increase of funding for the SN4 and SN3 enterprises from a previous Ksh 300,000 per enterprise to a total of over Kshs.5 million.

“It is important that we who make up the hub and tech ecosystem of ICT in Kenya continue to work with and support start-ups,” said Sam Gichuru, CEO and Co-Founder, Nailab. “The ideas and solutions showcased by this young people are not only addressing real customer needs and issues, but are also helping in the creation of local jobs and serving our young people in realizing financial independence.”

The announcement was made during the Demo day held at the incubator for its 4th demo of technology start-ups. The fourth batch, which is made up of four start-ups, is currently undergoing incubation and they unveiled fresh solutions aimed at addressing local challenges. They include Stock simulation, Designer fashion hub, E-Task management and an E- shoe designer store.

The Season 4 group was selected from hundreds of applications received by the incubator. They include Mode Mara, Young Freddie, TasKwetu and Hisa Play. The group has spent the last 90 days in the Nailab incubation program where they received high level mentoring, product development and professional training on different professional facets that help in the formation of a startup.

This is the second batch of ICT start-ups incubated under the ICT Authority contract granted to the incubator in June 2013 to help lower entry barriers for ICT entrepreneurs who want to implement and scale their business in Kenya. The SN3 team, had a similar event held earlier on in the year where they launched their solutions and have to date built a steady customer base.

The Government of Kenya is in a contract with the incubator for three years at a cost of approximately $1.6million.

Since its founding in 2010, Nailab has seen over 30 startups go through its incubation program and has 14 start ups making part of the existing alumni with an average revenue of slightly over Ksh. 500,000 per month each.

At the event, the 5 start-ups pitched their products to an audience made up of ICT industry experts with a view to building interest and gathering feedback on their solutions.

“Nailab’s entrepreneurial innovations are becoming valuable pacesetters in ICT in this country. With the likes of Eneza Education, Cladlight and many others that have gone through the program, we are proud to say that we can see the results and as ICTA, we will continue to explore and support entrepreneurs through programs such as this,” said the ICT Authority, Acting CEO, Mr. Victor Kyalo.

Mr. Gichuru went on to say,  “In light of our previous experience on the funding of the start-ups, we sought more capital injection into this businesses through our investor networks to ensure that we give entrepreneurs a greater chance of survival through the capital base. We are glad that this is now coming to light and we hope to keep raising funds for all the enterprises that we have the privilege of incubating.”

The group will continue in the program for another 3 months, in which they will work on refining their products and increasing customer acquisition.

Property24.com Now South Africa’s 24th Most Visited Property Site-Report

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10534134_710484145665626_6111791052420760400_nNaspers’ Property24.com, has been ranked as the 24th largest website in South Africa, ahead of One Africa Media’s PrivatePropert which has been ranked as number 49 according to SimilarWeb.com recent country rankings.

The site also comes at position nine among locally owned sites beating all the other competitors.

According to JP Farinha, the CEO of Property24.com in a statement: “It’s an incredible achievement, both for Property24.com and the real estate industry. It is also affirmation that we are giving consumers the tools and services they need online, as well as it being motivation to continue working toward achieving even greater things.”

The SimilarWeb comparison shows a growing trend of South African Internet use for news, banking, shopping and property searching among others. Property24 also claims the trend

The firm says its success is an indicator of the widespread adoption of internet in South Africa and the growing opportunities for everyone in the real estate industry. It adds that that’s the reason why estate agents who are embracing online marketing strategies are having greater yeilds. PrivateProperty was named as the second most visited site.

Nigeria’s Greetingsworld Wants to be Africa’s Biggest Greetings Card Store

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1379641_600610830004243_1048576241_nNigeria’s Greetingsworld.com.ng is a greeting cards store that enables customers personalize greeting cards and have the cards delivered to them on a specified date.

Users can have the cards personalized by typing in their own words, changing the font and font colour and uploading pictures via  Facebook and Instagram or from anywhere they want. The platform aims to end messages of hope, affection and Inspiration.

Founded by Abodunrin & Wamide Opanuga, greetingsworld.com.ng was began out of their love for cards and the effect it had on their relationship. They decided to give other people a platform to use cards to convey messages of hope, affection & inspiration that will help blossom relationships.

The business started out in the traditional way of producing bulk cards and selling to retail outlets and individuals, but along the line after much research, this innovation of an online personalized greeting cards store was born.  With a good number of cards send out, the two say their competition include physical retail stores which they aim to beat by personalizing and delivering cards recipients whenever they want them and by making greetingsworld.com.ng easy and convenient. There is also a shop assistant feature, EDIMAW, that makes the process of selecting a card easier as the feature suggests the most suitable card based on pre defined elements selected by a customer.

“We have no seed fund at the moment, as founders we raised funds from our personal income and are now  delivering in Lagos but looking to start nationwide delivery by next year.  We plan to make greetingsworld.com.ng a one stop shop for cards & gift items. We are currently working on strategic partnerships that will make this a possibility,” they concluded.

 

Sony Launches Portable Projectors Targeting Schools

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sonySony today launched a line of portable projectors in the Kenyan market to help broaden the scope of data and video production in the market.

The projector range includes desktop and portable projectors E and D series, F series installation projectors and S series Short Throw and Ultra Short Throw projectors.

The E and D series of portable projectors, combine outstanding performance with low total cost of ownership. From delivering professional presentations on the move to engaging education audiences, these projectors are designed to meet the specific requirements of particular applications.

Speaking during the launch, Sage George, Sales Manager, Sony Professional Solutions MEA, said, “The Sony’s product range features our latest innovations such as 3LCD Laser projectors and BrightEraTM display panel technology. As a company, we believe that the range of Sony projectors will give consumers the opportunity to experience and interact with our latest technologies and products in the Kenyan market,” added George.

For larger and more demanding venues requiring the brightest projections and highly sophisticated features, Sony F series of installation projectors such as VPL-FH36 and VPL-FHZ700L deliver powerful performance, long life and low maintenance.

Sony also has a separate range of projectors designed for specialized settings such as classrooms, offices and open-plan meeting areas. The S Series Short Throw and Ultra Short Throw Projectors, like the VPL-SW225 and VPL-SW630C make great presentation partners for these environments, displaying big, bright images without having to be placed far from a screen, whiteboard or wall.

The projectors will be sold at all major supermarkets and electronic shops throughout the country.

Meet Nailab’s Season 4 Startups

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Kenya’s Nailab (Nairobi Incubation Lab), a tech business incubator launched in 2011 today held a demo day for its season four startups in a move to build entrepreneurship and create jobs for youth in the country.

According to Sam Gichuru, CEO and Co-Founder, Nailab, “It is important that we who make up the hub and tech ecosystem of ICT in Kenya continue to work with and support start-ups. The ideas and solutions showcased by this young people are not only addressing real customer needs and issues, but are also helping in the creation of local jobs and serving our young people in realizing financial independence.”

Hisa Play

A 24/7 entertaining and captivating mobile stock simulation game that mirrors NSE real time stock trading while helping to equip and familiarize players with practical financial literacy skills required to trade on the Securities Exchange using system generated currency, making it risk free.

10426854_651725348241342_4462058955042295124_n TasKwetu

An online errand running and tracking platform targeted at Kenyans living in the diaspora. The platform does this by allowing users to order their tasks for a fee, and follow the progress of the same. Some of the tasks include bill payment, passport renewals and tax remittances.

Mode Mara

An online fashion hub for designers created to provide a platform for them to meet, discuss and interact through sharing of ideas relevant to their field. The platform also offers a market place for them to showcase and sell their creations to fashion lovers locally and across the continent.

Young Freddie Collections

A fashion design company incubated to develop an ecommerce platform for its already existing physical store. Young Freddie Collections designs and makes custom items using African based fabric prints such as Ankara, Kitenge, Maasai prints and Kente. Products range from shoes, handbags, coats and shorts.

CEO Weekends: Airtel to host the 2014 East Africa Com

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Airtel Kenya will be the host operator for this year’s East Africa Com summit which will be held on 9th and 10th  September 2014 at the Safari Park hotel,Nairobi. The 2-day event is expected to bring together senior executives and professionals from the telecommunications, media and ICT industry in the East African region.

The summit will define strategies for the three sectors as well as provide a platform for over 600 professionals to network and expand their knowledge on the latest business models and technologies in the conference.  More than 40 industry leaders are expected to deliver speeches on the latest business knowledge on; Operator Strategies, LTE Developments, Connecting East Africa, Mobile Money, Mobile Enterprise Solutions, Digital Marketing & Customer Experience Management (CEM), AppGig and much more.

It will also attract high level participation from key Government and Regulatory leaders and officers from across the region.

Airtel Kenya Managing Director Adil El Youssefi said: “We are happy to be part of the 2014 East Africa Com Summit because it will provide an opportunity for the industry to interact with innovative leaders in the telecommunications industry across the region and beyond. The exclusive event allows Airtel and other telecommunication companies in the country to network, interact and from peers within the industry.  Learnings from this summit will go a long way in improving on the quality of products and services offered to our customers throughout the region.”

East Africa Com is an important event in the Com World Series, as the region is a leader in terms of innovation, services and connectivity projects.

“We are very pleased to receive the support of Airtel – one of the most significant operators and brands in the region. We are looking forward to hearing more about the group’s strategy and to be inspired by the debates at the event” says Julie Rey, Research Director at Informa Telecoms & Media, producers of East Africa Com.

In showcasing Airtel’s contribution towards the development of ICT, Airtel will have an exhibition of our products and services. Delegates will have an opportunity to purchase products at discounted rates.

CEO Weekends: MTN South Africa Unveils Rush hour Bundles

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MTN South Africa has launched the Rush Hour Voice and Internet bundles expected to provide customers with the ability to make MTN to MTN calls for 60 minutes or receive 50MB of data to be used within an hour of activating them.

With the Rush Hour Voice bundle, MTN Customers can make on-net calls for an hour for just R4. Customers can purchase the MTN Rush Hour Voice bundle by dialling *141*2*448#. There are no limits to the number of bundles a customer can purchase per day. The MTN Rush Hour Voice Bundle is available until November 30, 2014.

The MTN Rush Hour will give our customers choice when it comes to staying connected with family and friends. For additional peace of mind, customers can also do a balance check by dialling *141# to see if the bundle is still active. This functionality ensures that customers have full control of their mobile expenses and can know in real time the amount of credit they have,” said Larry Annetts, Chief Marketing Officer: MTN South Africa.

The MTN Rush Hour Internet bundle is available for purchase at R3 and can be activated by dialling 141*2*443#. The promotion will also run until 30 September 2014. This bundle gives customers access to up to 50MB of data.

The MTN Rush Hour Bundles are available to MTN PayAsYouGo, TopUp, and My MTNChoice customers.

CEO Weekends: Only 3 Days Until APO Media Award Entry Deadline

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Only 3 days remain in the “Call for Entry” for the 2014 APO Media Award (#APOMediaAward) (http://www.apo-opa.com/apo-media-award.php).

The ultimate winner will be presented with $500 a month for a whole year, one laptop and one intercontinental flight ticket to a destination of their choice, as well as one year of access to over 600 airports VIP lounges worldwide.

The second-place winner will bag $300 a month for one year while the third-place winner will receive $200 a month for one year.

APO Media Award celebrates brilliant and inspiring stories about Africa. The subject matter may comprise a single topic or a variety of subjects, including – but not limited to – business, economy, technology, agriculture, health, energy, gender, logistics, tourism, motoring, aviation, not-for-profit issues, diplomacy, environment, mining, entertainment and more.

APO Media Award is open to African
journalists and bloggers, whether directly employed or freelancers, working in the continent of Africa who have produced a story that has been broadcast or published in English, French, Portuguese or Arabic in the form of a printed publication, a television feature, a radio story, a website or a blog whose primary audience is based in Africa.

To enter this competition you can visit http://www.apo-opa.com/apo_media_award.php?L=E  to
get an entry form.

Stories must have been broadcast or published between January and August 2014. Stories are judged on content, writing, analysis, creativity, human interest and community impact.

All stories must be submitted in electronic format:

  • Print Up-load the scan(s) of the published article.
  • Radio: upload the SoundCloud link (SoundCloud is an online audio distribution platform that enables its users to upload and share sounds they have created themselves – https://soundcloud.com).
  • Website: upload the URL.
  • TV: upload the YouTube link.

TV material must first be uploaded to YouTube (www.youtube.com) and radio material to SoundCloud (www.soundcloud.com). If you are not a member of these sites, you will need to sign up in order to upload the video or radio material. Once you have obtained the link, you must enter it in this online entry form when inputting your story details.

The deadline for entries is 1 September 2014. The finalists will be announced on 15 September 2014. The winners will be announced on 29 September 2014.

CEO Weekends: 1.65M Subscribers In Ghana Have Switched Mobile Service Providers

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Since the introduction of mobile number portability in Ghana three years ago, some 1.65 million subscribers have switched providers, a report by National Communications Authority (NCA) indicates.

The latest statistics from NCA show that the time to port has improved substantially, to four minutes. Tigo was the biggest gainer with 249,725 ports to its network, and Vodafone was next with 228,183 ports. MTN lost 402,244 subscribers over the three-year period, Airtel shed 58,687, Expresso saw 858 numbers leave its network, and Glo lost 16,119 customers to porting.

This being the third year since the process started, there over 838,200 completed requests were witnessed, showing  an increase of 87 percent over the second year. Ghana’s success with MNP can be largely attributed to the initial advance preparations, rigorous testing and the collaboration amongst all key stakeholders, according to the regulator. The system is managed by Porting Access Ghana, a subsidiary of PortingXS.

The figures show that the net impact on each operator ranges from a positive of 6 percent to a negative of 3 percent of their respective subscriber bases, with new ports typically running between 50,000 and 85,000 per month. In June, the average porting time was four minutes, 16 seconds, and in that month, 67 percent of requests were completed in two minutes or less. Most customers who have ported said they were satisfied with their decision to do so, as 72 percent of them remain with the new operator.

CEO Weekends: Nokia X2 Now available In Ghana

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nkx2

 

The new Nokia X2 is now available in the Ghanaian market, says Microsoft. The software company says that the device has been designed to help connect the people of Ghana to the internet as well as make cloud services available to them.

Head of Marketing, Nokia West and Central Africa, Deborah Shepard, stated: “Following on the fantastic reception to the Nokia X family in Nigeria, we’re pleased to offer the next, evolutionary step in the line-up with the stunningly designed and affordable Nokia X2.”

In specs, this new Microsoft device has a 4.3-inch Clear Black display, a 5MP rear-facing, autofocus camera with flash, as well as a front-facing VGA camera. It also runs on a Qualcomm Snapdragona 200 processor featuring a dual core 1.2 GHz CPU and 1GB of RAM. Microsoft services are also not scarce as it has Outlook, Skype and up to 15GB of free One Drive cloud storage.

With The Nokia X2, apps like OneNote and Yammer are available but have to be downloaded (for free) from the Nokia Store. Opera for Android is the device’s default browser.

CEO Weekends: Access Bank, Chips, Bits & Bytes Join Hands To Make e-Learning Possible In Lagos School

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The collaboration between Nigeria’s Access Bank, Intel and Chips, Bits & Bytes Limited has given children and teachers of Command Children’s School a reason to smile after donating e-education solutions for them.

This donation is part of efforts to increase e-learning capabilities and transform education in Nigerian institutions, beginning with Command Children’s School.

The Nigerian Manager of Intel, Olubunmi Ekundare said: “Intel’s unrelenting commitment to innovation and education empowers billions of people every day. We are pleased to be part of this initiative by providing the e-education solutions hence Intel will be training the first set of teachers at no cost. This platform allows teachers the opportunity to create a virtual classroom and assists to deliver lectures without hassle.”

Executive Director, Access Bank, Victor Etuokwu, also had this to say: “Access bank having recognized that access to information is no longer a luxury but a necessary tool for development and growth of future leaders, has collaborated with Chips, Bits & Bytes Limited and Intel Nigeria to provide e-education solutions at the most critical time.”

Etuokwu further explained that children do not have to be confined to physical spaces for effective learning and that with the increase in internet availability and affordable computer/mobile devices, students and teachers could enjoy qualitative education and interact more meaningfully with their peers.

CEO, Chips, Bits & Bytes, Tunji Ola said: “The e-learning solution is an integral part of Nigeria’s educational system and offers students a better education from the cradle. Technologically-advanced students will definitely contribute to growth and development of Nigerian economy, with the potential to improve military technology and telecommunications, media communications, and skilled ICT professionals who will be well-equipped to solve problems in Nigeria and other parts of the world.”

Spokesperson for Army Barracks, Yaba, Major Gen Sunday Adebayo said the military would continue to appreciate the gesture of the bank and the technology companies for the donation. The military believes that cutting-edge technology is what is most needed in our generation to improve educational standards among school children, Adebayo said.

10 Security Solutions for Small Businesses

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In today’s world when everything runs on the internet, it is a matter of huge importance to secure your business online. Regardless of the magnitude of your online presence, you must use the appropriate solutions to make sure that your business is safe from hackers and that your online customers are protected by your security measures. You run a risk of cyber attack if you do not secure your online infrastructure with a good quality security system.

Although it is always large businesses that are highlighted in case of cyber attacks, small businesses are just as susceptible and can be just as much of a target of cyber criminals. As a matter of fact, the small businesses are more likely to be hacked due to their lack of resources and adequate protection, which makes attacks relatively easier. Contrary to the popular belief, securing your small business should not have to break a hole into your pockets. Here is the list of pocket friendly cyber security solutions to help you safeguard your business.

Random.org

Passwords are the most basic and first very important layer of security that one adds to their business. However, many of us do the mistake of using ridiculously easy passwords that are easy to guess and are a child’s play to hack into. Random.org uses is a random password generator that creates a strong password which can be as long as 24 characters and uses a combination of alphanumeric, case sensitive characters. You can add your own element to it and create a super strong password.

Staysafeonline.org

Staysafeonline.org is powered by National Cyber Security Alliance that protects the interests of the owners, employees and even the customers from a potential cyber attack. You can also protect your data from online theft and any other kind of loss. The small businesses have the opportunity to implement and monitor their cyber security along with the ability to report the attack to responsible authorities in order to recoup any loss of data.

FCC Small Biz Cyber Planner 2.0

The Federal Communication Commission’s Small Biz Cyber Planner will help the small businesses get all the information regarding their business interests in terms of cyber security. The planner will also help in generating a customized plan automatically that includes the expert advice. The areas that are covered include data privacy, fraud, scam, network security, email, security, ideal antivirus software for the protection of data and any other important information.

Bitdefender Small Office Security

Bitdefender Small Office Security offers a complete office security solution to its small business clients. It includes protection of equipment, data privacy, antispyware, firewall etc. There is also additional support offered for email filtering, data recovery in case of loss of information, email scanning among other things.

CloudFlare

This tool is freely available and helps in protecting your website against malicious attacks. It provides protection against the SQL injections and DoS (Denial of Service) attacks that result in shutting down of the website. CloudFlare not only detects potential attacks but also reports it to you for your record and information. It will also review the visitors that visit your site by assessing their legitimacy. The users have the freedom to choose the level of security by setting up firewalls and also enable S

Equity Bank seals agreement with McKinsey to drive the implementation of 3.0 strategy

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Dr James Mwangi with  The McKinsey & Company Global Managing Director Mr. Dominic Barton
Dr James Mwangi with The McKinsey & Company Global Managing Director Mr. Dominic Barton

Global management strategy firm McKinsey has signed an agreement that will see it serve and advisory role to the Equity Bank Group in the implementation of the bank’s 3.0strategy.

On hand to close the partnership agreement at Equity Bank Headquarters was Global Managing Director Mr. Dominic Barton and Equity Bank Group, Managing Director, Dr James Mwangi.

Equity Bank’s engagement with McKinsey, will guarantee the bank access to a pool of global management resources required to fuel its transformational 3.0 strategy geared at changing banking to a lifestyle.

The strategy will turn Equity Bank from the conventional banking model;-Somewhere you go; to Something You Do.

Speaking when he hosted McKinsey& Company Global executives at Equity Bank Group Head office, Equity Bank Group, Managing Director, Dr James Mwangi,said that the growth of third world countries to medium income economies, will be highly dependent on a mix of local and global value systems including shared prosperity values, financial literacy, social cohesion and deliberate efforts to raise academic standards.

Such inclusive partnerships, he said, will involve efforts to empower African public and private sector players to adopt world class but locally formulated development strategies through mutually agreed collaborative avenues.

Equity Bank’s success, he noted is primarily as a result of formulating solutions to local financial inclusivity challenges. “We think global and act local in innovation and delivery of our services.”

The McKinsey & Company Global Managing Director Mr. Dominic Barton, who is also a member of the Canadian Prime Minister’s Advisory Committee on Public Service, welcomed Dr Mwangi’s views and described the partnership with Equity Bank as a unique opportunity.  “We are happy to work with a partner such as Equity Bank; that promotes a unique globally recognized business model anchored on values and purpose driven principles which are the same principles that we uphold as McKinsey,” Barton said.

Barton noted that with a projected growth of more than 2.2 Billion middle class, highly urbanized, consumer base, in the next 20 years, the world’s economic powerbase will shift fundamentally. He said that the largest part of this population will come from emerging markets in Africa and Asia.

“Such a shift requires the integration of values and systems that can support a purpose driven organizational development,” Barton said. “Most importantly business organizations must shun their short term thinking and adopt a long term purpose driven approach to management,” he added