TechMart

Europe Says “All Options on Table” For Taxing Tech Giants

The European Commission is preparing a list of legal options on how to make digital multinationals such as Amazon, Facebook and Google pay more tax, Reuters reports. The paper is being prepared for an EU summit taking place on September 29, and will be published by the time the Digital Summit takes place. Pierre Moscovici, the Commissioner for economic and ...

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Starling Bank Launches Marketplace, Integrates With Itemised Receipt And Rewards Startup Flux

Marketplace banking — the idea that your bank will provide you with access to various third-party money-related apps and services within its own app — has long been championed by fintech startups, whilst upcoming Open Banking/PSD2 legislation in the U.K. and EU, respectively, will make third-party app integration an inevitable reality. That’s seeing a number of challenger banks skating to ...

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India to Finance Nigeria’s Solar-Based Digital Connectivity Project

India has promised to finance a solar based digital connectivity project that would cover one thousand rural areas in Nigeria. Adebayo Shittu, Nigeria’s Minister of Communications disclosed this at the Indo-Africa ICT expo held in Lagos recently, where he stated that the Indian government has offered assistance in all areas of technology, as an effort to seek stronger ties with ...

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SystemSpecs Reinforces Indigenous Outlook, Ends Partnership With Infor

To consolidate its position as a fully indigenous brand, SystemSpecs, one of Africa’s leading financial technology firms, has announced the end of its role as Country Partner of the US-based enterprise software company, Infor. SystemSpecs and Systems Union, erstwhile owners of SunSystems before its acquisition by Infor in 2006, had partnered to provide leading corporate organisations across Nigeria with software ...

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Techne Summit: The Mediterranean Leading Tech Conferen­ce

ALEXANDRIA, Egypt — Techne Summit (www.TechneSummit.com), the yearly intern­ational entrepreneur­ship and technology event that acts as a platform, including the main global pla­yers in the technolo­gy industry, will ta­ke place once again this year from the 30th September till the 1st of October 2017 in the Mediterranean Ci­ty of Alexandria, Eg­ypt, where the event once debuted, with the renowned slogan: ...

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What Telecoms’First Time GDP Contraction Portend for Fintech Growth in 2017

A first time contraction in telecommunication sector’s gross domestic product could have a ripple effect for old and new industries that depend on it, like financial technology (fintech). The recently released National Bureau of Statistics data showed that Nigeria has finally exited recession with real GDP growth of 0.55 percent – although the number may fall below some analysts’ prediction ...

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dotAfrica (.africa) the best option for Africa in cyberspace

JOHANNESBURG, South Africa — It is now possible to own an Internet address, or domain name, ending with .africa. Already, more than 8000 of the continent­’s and world’s bigge­st brands, businesses and individuals ha­ve registered for th­is exciting new Inte­rnet address. Diverse organisations ranging from banks to media companies are registering .afr­ica domain names. “L­eading continental and international bra­nds are ...

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Bitcoin 20% Drop Shows Investor Risk From Volatility

Bitcoin price, which set an all-time high of over $5,000 over the weekend, fell 20 percent as investors sold off investments, following China’s new ruling on initial coin offering (ICO). Analysts told BusinessDay that the crash could be a result of weakening appetite on the part of equity holders of the digital currency. “If you look at the way the ...

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Bitcoin Loses Billions After Hitting $5000 Milestone

Bitcoin once again proved its high volatility after a weekend of crashing records. First it set the buzz with a $5,013 all time high on Saturday only to come crashing below $4,400 by Sunday, and continuing on Monday following panic trade off. As at press time, the CoinDesk’s Bitcoin Price Index showed a slight drop to $4,437 (about 5 percent) ...

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China has banned ICOs

It is looking like a new era is coming for ICOs, at least those in China for now. In the U.S., the SEC has issued official warnings around the risks of ICOs, also known as token sales, but the Chinese government looks set to beat it to implementing regulation around the rapidly growing fundraising option. A notice from a committee ...

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