The $70 Million Bitcoin Hack Was the 4th Largest Breach

The $70 Million Bitcoin Hack Was the 4th Largest Breach

Just as bitcoin trading hit record highs last week, hackers made off with nearly $70 million from a major cryptocurrency-mining service NiceHash. The Slovenia-based company announced the security breach on its Facebook page Wednesday afternoon and stopped operations for 24 hours. Here’s everything we know so far in the days following the attack: Although the...

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AKA launches Beam Digital.

AKA launches Beam Digital.

On Thursday, 30 November 2017, South African rap artist, Kiernan Forbes famously known as AKA, The SupaMega, launched the much anticipate new business venture, Beam Digital with his business partners MiCore and Celebrity Services Africa. Media and A-list personalities close to the company attended the successful launch that was held in Bryanston...

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Peter Hain ‘to expose’ UK bank linked to Gupta transactions

Peter Hain ‘to expose’ UK bank linked to Gupta transactions

House of Lords peer and anti-apartheid activist Peter Hain is expected to expose a UK bank linked to money laundering and the controversial Gupta family. Hain is addressing the UK House of Lords on Wednesday afternoon at the second reading of the country’s Money Laundering Bill. Hain wants the bank...

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Airtel Uganda Introduces the cheapest data rates in Uganda.

Airtel Uganda Introduces the cheapest data rates in Uganda.

In a bid to extend affordable and reliable internet accessibility to individuals and businesses in Uganda, Airtel Uganda has introduced Uganda’s cheapest data bundles in a fresh new promotion named Data Blasta. The promotion, that will run for a two-month period, is part of an overall effort that has seen...

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Museveni, Magufuli laid foundation stone for Oil Pipeline

Museveni, Magufuli laid foundation stone for Oil Pipeline

The leaders of Tanzania and Uganda laid a foundation stone on for the construction of a $3.55 B-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project set for completion by 2020 will stretch from western Uganda – where oil was discovered in 2006, to Indian...

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Iran to invest in Ugandan Oil and Agricultural sector

Iran to invest in Ugandan Oil and Agricultural sector

  President Yoweri Museveni has told Iranian delegation that Uganda has got abundant opportunities in agro-processing these remarks were made at State House, Entebbe in a meeting with the Iranian Minister of Foreign Affairs, Hon. Mohammad Javad Zarif, head of delegation to Uganda. “We have got abundant opportunities in the...

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We agree with Nigeria’s Finance Minister on borrowing – World Bank

We agree with Nigeria’s Finance Minister on borrowing – World Bank

The World Bank has said it supports the Nigerian government  on the need to borrow to finance infrastructure. The Bank commended the Federal Government for efforts to rebalance the nation’s debt portfolio. According to a statement issued on Wednesday, October 18, the World Bank Country Director for Nigeria, Mr. Rachid Benmessaoud, made the...

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South Africa has first new bank since 1999

South Africa has first new bank since 1999

South Africa has a new bank, backed by billionaire Patrice Motsepe’s African Rainbow Capital (ARC). South African fintech outfit Tyme announced on Thursday that it has been granted a licence by the South African Reserve Bank. The operating licence to TymeDigital by Commonwealth Bank SA is the first issued to a...

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Public Engulfs commercial court as Sudhir’s case takes center stage.

Public Engulfs commercial court as Sudhir’s case takes center stage.

Hearing of an application in which businessman Sudhir Ruparelia is seeking to boot out two prominent law firms representing Bank of Uganda (BoU)and Crane Bank in receivership in a Shs397b case has kicked off at the commercial court. Sudhir Ruparelia last week filed an affidavit in court accusing MMAKS Advocates...

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Ramaphosa to be asked ‘Where the SAA bailout cash come from?

Ramaphosa to be asked ‘Where the SAA bailout cash come from?

Deputy President Cyril Ramaphosa will on Wednesday be asked exactly where the money for a proposed multi-billion rand bailout for embattled national airline SAA will come from. SAA is in need of R10-billion‚ Finance Minister Malusi Gigaba said last month. While he said that lenders were being spoken to over...

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