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Newsworthy articles with a focus on the Middle East & Africa

March 2019

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The Communications Authority of Kenya (CA) is seeking Sh111 billion for the roll-out of broadband infrastructure in the country

According to the telecommunications industry regulator’s National Broadband Policy (NBS), the funds would facilitate the universal roll-out of high-speed fixed broadband which it says should now be treated as a critical resource. “The proposed budget for the NBS is estimated at Sh111 billion (1.5 per cent of the GDP for the financial year 2017/18) spread over five years,” said CA in the document released last week.
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Mnangagwa commissions the National Backbone Fibre Optic Link

President Emmerson Mnangagwa on Wednesday commissioned the National BroadBand optic fibre link at TelOne Beitbridge Exchange. The TelOne Optic link will connect Beitbridge with Bulawayo, Harare, Masvingo and the rest of the country.It was constructed by TelOne in partnership with China Exim Bank.
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Dubai's Emaar reveals plan to launch digital currency

Dubai-based Emaar Group has announced plans to leverage blockchain technology to offer the Emaar community token for customers and partners by the end of this year. The announcement is part of Emaar’s focus on innovation, it said in a statement.The Emaar community token will allow the company's customers and stakeholders to reap the value of a full referral and loyalty system across the entire group, opening the Emaar experience potentially to billions of internet users.
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National Bank of Kuwait moves to Swift gpi with ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that National Bank of Kuwait (NBK) has successfully launched SWIFT Global Payments Innovation (gpi) services for its customers, utilizing the built-in gpi capabilities that are integrated into ACI’s flexible, global payments engine.
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African e-commerce firm Jumia pushes ahead with New York listing

Jumia, the African e-commerce company of German start-up investor Rocket Internet, has filed for a New York initial public offering, which could value the firm at $1.6 billion or more. Jumia, founded in 2012 offers online shopping, logistics and payment services, but is losing money.
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Safaricom secures deal to use M-Pesa payments on Aliexpress.com

Safaricom said on Tuesday it had secured a deal to use its M-Pesa mobile payment service for online shopping on the Aliexpress.com site, run by Chinese e-commerce giant Alibaba Group.M-Pesa was launched more than a decade ago to offer Kenyans without bank accounts a network to transfer cash via mobile phone.
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FinTech Hive at DIFC signs three agreements

FinTech Hive at Dubai International Financial Centre (DIFC), the region's first and biggest FinTech accelerator and hub, signed three new agreements with FinTech hubs –FinTech Saudi, Milan’s FinTech District and FinTech Istanbul during the second edition of the Global Financial Forum in Dubai.The agreements bring the size of FinTech Hive’s network of strategic partnerships to 14FinTech hubs in various parts of the world.
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Sama Launches Regulatory Sandbox for Financial Institution's and Fintechs

The Saudi Arabian Monetary Authority (SAMA) has begun designing a Sandbox regulatory environment to understand and assess the impact of new technologies in the financial services market in the Kingdom and to help transform it into an intelligent financial center, allowing local and international companies wishing to test new digital solutions to enter the environment to be launched in the Kingdom in the future.

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Benchmarking the best in-house IT services companies worldwide to set up the most successful operating model

The client is a national investment group with more than 40 subsidiaries, among which IT services companies. In order to define its strategy with regards to IT organizations portfolio.
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Building a comprehensive database on the telecom industry in Africa

The client wanted to understand the operating model among other companies through an international benchmark, with focus on groups with multiple IT companies.
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