News

The Twaweza initiative announced that a research study it conducted in Uganda revealed that almost 79% of citizens believe that mobile money services are too expensive to use and 57% had reduced their usage since being recently burdered by a new 0.5% tax on mobile money withdrawals.

Multiple sources reported that Prof. Yemo Osinbajo, Nigeria's Vice President, estimated the annual cost of Nigerian telecommunications related financial services fraud at N197 billion (USD544,048,605) while addressing industry stakeholders at a forum organized by the Nigerican Communications Commission and the Central Bank of Nigeria.

Violent protests erupting in Zimbabwe have lead to the alleged shut down of social media apps and the Internet, with a potential cybsecurity bill in progress to limit online messaging.

In an effort to protect the general public, the Kenya Capital Markets Authority (CMA) has issued a cautionary statement on participation in Kenicoin with a reminder that activities appear to be following conduct that requires approval by the Authority which has not, as of yet, been issued.