The World Bank confirmed last week that its planning to invest $200 million into Ethiopia’s digital economy as the country takes its first steps to liberate its telecoms market but warned of special treatment being given to state-owned Ethio Telecom. In a blog post, Ousmane Dione, the Bank’s country director for Eritrea, Ethiopia, South Sudan, […]
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A day after it put a hold on a proposed ban of TikTok, the Biden administration is distancing itself from attempts by former President Donald Trump to ban the Chinese messaging app WeChat. The Commerce Department is reviewing recent actions, such as the rules undermining TikTok and WeChat, to ensure that efforts by the Trump […]
The Biden administration is backing off former President Donald Trump’s attempts to ban the popular video app TikTok, asking a court to postpone a legal dispute over the proposed ban as the government begins a broader review of the national security threats posed by Chinese technology companies. A court filing Wednesday said the U.S. Commerce […]
Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank’s profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year. The value of its […]
The Central Bank of the UAE (CBUAE) conducted on Sunday a first-of-its-kind cyberattack simulation exercise designed to test the resilience of the country’s banking sector against cyber threats. “The exercise affirms CBUAE’s preparedness to prevent or mitigate cyber threats that may cause disruptions to the UAE’s economy and financial stability,” a statement by CBUAE explained. […]
The exclusion of Chinese tech companies from Western countries’ fifth generation rollout efforts due to alleged security concerns will negatively impact the progression of the technology for years to come, a recent report highlighted. According to a new report by global tech advisory firm ABI Research, phasing out vendors could hamper worldwide deployment by several […]
The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the pipeline, President Christine Lagarde is expected to underline Thursday that the bank has the means keep credit affordable and support the hoped-for recovery. Spiking virus […]
Uganda has lifted its blanket ban on internet access on Tuesday following a heated presidential election that saw the country’s long-time president Yoweri Museveni declared the winner. However, many have reported that certain social media platforms such as Facebook and Twitter are yet to be restored, with access to them only attained via Virtual Private […]
Uganda’s communications regulator has imposed a blanket ban on all social media and messaging apps since Wednesday until further notice, South African telecoms company MTN Group said in a statement. Reuters confirmed it had seen a letter from the Ugandan communications regulator dated 12th January 2021 which ordered internet service providers to “immediately suspend any […]
Twitter CEO Jack Dorsey defended his company’s ban of President Donald Trump in a philosophical Twitter thread that is his first public statement on the subject. When Trump incited his followers to storm the U.S. Capitol last week, then continued to tweet potentially ominous messages, Dorsey said the resulting risk to public safety created an […]