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Samsung Electronics shares slide as Note 7 recall takes toll

SEOUL Samsung Electronics Co Ltd’s (005930.KS) shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries. Investors had wiped 15.9 trillion won (14.3 billion) off the South Korean firm’s market capitalization as…

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Connecting Cities in the Cloud

GLOBAL While smart cities have held a great deal of promise for many years, they are only beginning to come to fruition now. This is due to the fact that we now have the network connectivity and the backend storage and compute infrastructure to unleash their full potential. This bodes well for municipalities and governments…

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CEO of Millicom Africa sees growth opportunities in data

GHANA Following her recent visit to Ghana, Cynthia Gordon, the CEO of Millicom Africa has emphasized the remarkable growth opportunities in data and Tigo’s commitment to giving customers access to superior high speed internet services. “We were the first to launch 4G in 3 operations in Africa including Tanzania, Chad and Rwanda and have seen…

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CIT Gains After Aircraft Unit Bids Reported to Top $4 Billion

SILICON VALLEY CIT Group Inc. climbed in New York trading following a news report that initial bids to buy the commercial lender’s aircraft-leasing business topped some analysts’ expectations. CIT gained as much as 6.2 percent, the most intraday since October, and was up 3.4 percent to $36.16 at 10:31 a.m., the best performer in the…

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Nigerian Govt. unveils smartphone App for flood prediction

ABUJA – The Federal Ministry of Agriculture and Rural Development in Nigeria has launched a smartphone application, which has been dubbed “Wetin App” for flood forecasting especially along the Niger and Benue rivers, this is according to a report via agricnation.com. The application will be available on the Google App Store, and is a collaborative…

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Building a digital culture to differentiate your organisation

AFRICA Organisations are today routinely investing in digital to enhance the customer experience. However, to be truly digital on the outside, organisations need to first be digital on the inside. Maintaining innovation and differentiation in an increasingly hyper-connected world will require a strong digital culture. Organisations, too, will need a digital culture to attract and…

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Etisalat and YuuZoo launch SME e-commerce portal

Nigeria Etisalat Nigeria and YuuZoo Singapore have launched an e-commerce platform, SME Arena, to facilitate the growth of Small and Medium Enterprises (SMEs) in Nigeria. It allows SMEs to converge, network, collaborate, showcase their products and interact with customers and business partners in the digital segment, thereby enhancing efficiency, productivity and profit optimisation.   The partnership gives YuuZoo prime…

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Embracing ICTs can boost national revenue’

HARARE Embracing information communication technologies can enhance national revenue collection, as the degree of efficiency of a country’s tax administration can make or break the economy, a senior official with the Zimbabwe Revenue Authority has said. ZIMRA acting commissioner general Happias Kuzvinzwa, who is also chairman of African Tax Administration Council, noted that ICTs can play…

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Telecoms sector revenue declines 11.8% to $237.77 mln in Q1

HARARE Mobile network operators reported a 12.3% decline in revenues in the first quarter to $167.7 million as the general economic environment and Over-the-Top services continue to affect performance. Revenue in the previous quarter was at $191.1 million. According to the Postal and Telecommunications sector report for the first quarter total voice traffic declined 14.2%…

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Facebook to remove clickbait headlines from the newsfeeds

Facebook has announced plans to identify and remove clickbait headlines from the newsfeeds of its 1.7 billion users. Clickbait headlines—those designed to deliberately mislead people or leave out crucial information so that they click on the article—have grown in popularity in parallel with the rise of social media in recent years. “Our goal with News…

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