TECH NEWS

Addis Ababa, Ethiopia | Xinhua |  Ethiopia’s first private telecom firm Safaricom Ethiopia has officially introduced its mobile financial service, M-Pesa, three months after the telecom company received the payment instrument issuer license from the National Bank of Ethiopia. In preparation for the launch, M-Pesa has undergone a rigorous three-month …

Jerusalem, Israel | Xinhua |  Israel announced on Thursday that it will sell its most advanced missile defense system Arrow-3 to Germany, marking the country’s largest-ever military deal. The Israeli and German defense ministries “will sign the landmark 3.5-billion-U.S. dollar defense agreement,” the Israeli Defense Ministry said in a statement. …

Ankara, Turkey | Xinhua |  While it is not certain yet if a cage fight between tech giants Elon Musk and Mark Zuckerberg will take place, Türkiye has proposed an ancient Roman theatre for staging the potential duel, reminiscent of the gladiator times. A Turkish tourism insider has invited the …

Nairobi, Kenya |  Xinhua |  Africa can become a major participant in global supply chains by harnessing its abundant minerals that are needed by high-technology sectors, the UN said in a report released in Nairobi, the Kenyan capital, on Wednesday. The report by the UN Conference on Trade and Development …

Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed an appeal in which YO! Uganda Limited, a Financial Technology company was seeking a temporary injunction restraining Uganda Revenue Authority from accessing,  reviewing or disclosing information contained in the electronic and manual records seized from the company premises …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has assured the banking and financial industry that it will ensure its stability and the sustainability of the microeconomics of the country amidst the withdrawal of the World Bank from new loan deals. The World Bank decision communicated last week …

Kampala, Uganda | THE INDEPENDENT | Nathan Igeme Nabeta, the Jinja East Municipality Member of Parliament has asked the Speaker of Parliament to apply the rules of the House allowing debate of the Capital Markets Authority Amendment Bill without a certificate of financial implications. The government, through the Ministry of …

San Francisco, US | Xinhua |  U.S. payments giant PayPal announced Monday that its senior Intuit executive Alex Chriss will become the new president and CEO, replacing current CEO Dan Schulman. The members of PayPal’s board shared the appointment, effective on Sept. 27, 2023, in a press release. Chriss joined …

Kampala, Uganda | THE INDEPENDENT | The Ministry of ICT and National Guidance is exploring the possibility of compelling all civil servants to acquire a certificate in ICT and computer usage. Amina Zawedde, the Permanent Secretary of the ministry, says that this initiative aims to promote the widespread adoption of …

Vladivostok, Russia | Xinhua | Russia successfully launched the Luna-25 lunar station early Friday, embarking on a historic mission to explore the south pole of the Moon. The station, which does not have a return capsule, was launched by a Soyuz-2.1b rocket with a Fregat upper stage from the Vostochny …