The Computer Society of Kenya

Since 1986

State mulls taking all advertisements online

Joe Mucheru2DAILY NATION By NATION REPORTER

Wednesday August 8,2018

The Government Advertising Agency (GAA) plans to cut out the media and place all state advertising on a website.

The agency sees this a way of reining in government entities which book adverts but do not pay and possibly as a way of getting around the mass of debt it has accumulated.

GAA head Ngari Gituku told Nation that MyGov, the weekly pamphlet of government adverts and propaganda that is inserted in daily newspapers on a rotational basis, will soon become a website. This would be in a bid to help the government stop reliance on media houses for delivery of the messages.

While digital is the way of the future, less than a third of the population have access to the Internet and smartphones that would allow them access government opportunities.

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Mobile cash payments up by Sh108bn in six months

mpesaBUSINESS DAILY By CONSTANT MUNDA 

FRIDAY, AUGUST 3, 2018

The value of mobile-based transactions rose by Sh108.86 billion in the first six months of the year, reflecting the growing dominance of mobile payment services, Central Bank of Kenya’s (CBK) data published on Wednesday shows.

Mobile payments hit Sh1.92 trillion between January and June from Sh1.81 trillion in a similar period last year, putting average daily transactions at Sh10.61 billion.

Key sectors of the economy such as financial services, retail and wholesale trade, agriculture and health are increasingly integrating mobile payments into their operations.

This is in line with rising mobile subscriptions, which stood at 44.1 million or 95.1 per cent penetration in March, according to the Communications Authority of Kenya July data.

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Fraudsters device new ways to swap SIM cards

cybercrimeDAILY NATION By ERIC WAINAINA

Wednesday July 18,2018

While on an official trip to Israel last month, Mr Stanley Wanjiku needed to do some urgent business back in Kenya through his mobile money transfer service, only to find his PIN blocked.

In seconds, a message popped up asking him to call his bank's service centre through a certain number. He tried several times to have his PIN reset through a WhatsApp call to no avail. Getting anxious, he sought assistance through an SMS.

“I wrote them (bank’s call centre) an SMS via the same number (the number given to him) giving my (bank) account number and my phone number only,” Mr Wanjiku, the MCA for Ikinu in Kiambu County, told the Nation.

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As cybercrime rises, a wake-up call about security and the digitisation pace

cybercrimeDAILY NATION By JOHN WALUBENGO

Tuesday July 24,2018

Recent reports showing how tech-savvy youth are compromising our digital services to fleece unsuspecting customers confirms that our digitisation efforts are moving faster than our information security efforts.

Banks, telcos, utility companies such as Nairobi Water or Kenya Power have been in the forefront of making their services convenient and more accessible for their customers.

Banks and telcos are heavily regulated and some of the rules require regular security audits of their information systems. So how come cybercrooks are having a field day, reaping where they have not sown?

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Why criticism of fintechs’ role in war on poverty is totally misplaced

moneyBUSINESS DAILY By GEORGE NYABUGA

Tuesday July 17, 2018

Don’t hold your breath, Fintech isn’t the answer to world poverty’’ was the title of an article that Prof Milford Bateman wrote in the Business Daily of July 9, 2018.

Unfortunately, the article had a lot of uninformed and rather fallacious arguments and conclusions that cannot go unchallenged.

First, it suggests that financial technology (fintech), and particularly M-Pesa-facilitated microcredit has driven millions into indebtedness and poverty.

Prof Bateman seems to suggest that fintechs are deleterious to Kenyans and the country given their apparent “…huge downsides that are only becoming apparent in Kenya now that it has become fully embedded within the community”.

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