Twitter Inc. said Thursday it suspended 1.21 million accounts from its social media platform between August 2015 and the end of 2017 for “violations related to the promotion of terrorism.”Twitter also said the suspensions were on a downswing.They included 274,460 suspended accounts in the second half of 2017, which were down 8.4% from the previous reporting period and the second consecutive period. Read more
Following the release of the Mastercard Index of Women’s Entrepreneurship (MIWE), it has been revealed that 46.4 percent of businesses in Ghana are owned by women, making it one of the top performing African countries highlighted in the index.The MIWE is a weighted index that helps to better understand and identify factors and conditions that are most conducive to closing the gender gap among business owners in any given economy. Read more
It gathered that the United Nations Industrial Development Organisation (UNIDO) will begin a pilot export of Nigerian dried beans to the European Union in April.UNIDO’s Chief Technical Adviser, National Quality Infrastructure Project, Shaukak Malik, disclosed this on Monday at the opening of a 3-Day capacity building for sustainability of the project, the Guardian Newspapers reported.UNIDO also said it will officially write to the EU to inform it of the improved quality of dried Nigerian beans and that it is safe for consumption, if the pilot is successful. Read more
Johannesburg – While South Africa has made progress in reducing the gender bias for women engaging in early stage entrepreneurial activities, the number of women business owners remains constrained by a lack of entrepreneurial intent, perceived business opportunities, and shortage of support and resources such as capital and training, according to findings from the second Mastercard Index of Women Entrepreneurs (MIWE). Read more
Following the incident, Zhao Chuan, the chief executive of Beijing Daxiang and His Friends Technology Co., a Chinese condom manufacturer, told the south china morning post that his company is now planning on releasing contraception in various sizes and textures.
“As to the different demands from customers such as in Zimbabwe, Daxiang, as a Chinese manufacturer, has the ability and the obligation to make a contribution, so we have started to do some surveys on users’ data in the region to make preparations for future products with different sizes,” Zhao announced in an email. Read more.
At Mobile World CongressMastercard on Wednesday announced that it will use Facebook Messenger to provide technology to small businesses in Africa and Asia to drive affordable acceptance of electronic and mobile payments. Access to digital payments will help these businesses expand to new markets, and unlock financial services and products that enables them to grow their livelihoods.
This Messenger experience will launch in Nigeria, where Mastercard will pilot a new Master pass QR bot to help business owners’ move beyond cash transactions to accepting QR payments. Ecobank and Zenith Bank will support this inaugural program. The pilot in Nigeria is the beginning of a larger plan by the two companies to include more businesses into the digital economy.Read more
A resurgent dollar and generally risk-off tone on global markets kept the rand under pressure shortly before midday on Thursday, with focus still squarely on an expectation of tightening US monetary policy in 2018.US personal consumption expenditures — the US Federal Reserve’s preferred measure of inflation — is due at 3.30pm local time, and will be watched by the market. Read more
A compliance officer with Zenith Bank Plc, Mr. Teslim Ajuwon, highlighted before the Federal High Court in Lagos on Wednesday several N10m cash withdrawals made in 2015 by a former Minister of Aviation, Chief Femi Fani-Kayode, from his account domiciled in the bank.According to Ajuwon, the lawful cash withdrawal limit for an individual is N5m, while a corporate body cannot lawfully make cash withdrawal above N10m. Read more
Former Hong Kong Secretary for Home Affairs Patrick Ho Chi-ping pleaded not guilt last month to corruption charges brought by a U.S. federal court in New York after he was accused of offering bribes worth a total of U.S.$2.9 million to prominent African leaders and ministers.
The allegations of Chinese bribery in Africa highlight the sharp contrast with how corruption is dealt with severely at home under President Xi Jingoists high-profile anti-corruption crackdown and the more relaxed view Beijing seemingly has regarding overseas financial misdeeds. China, like the U.S., does have anti-foreign bribery laws on its books but they are rarely renforced, according to some experts. Read more.