The Computer Society of Kenya

Since 1986

Telkom hits out at Safaricom over merger plans with Airtel

telkom2DAILY NATION By PAUL WAFULA

Wednesday September 04, 2019

Telkom Kenya has accused market leader Safaricom and the Ethics and Anti-Corruption Commission (EACC) of frustrating its merger plans with Airtel.

In a rare public spat, the telco says Safaricom wants to delay the process that seeks provide customers with more credible options.  

CLAIMS

“Does the dominant player not want to see this sector grow? Is the dominant player wary of competition, and even more precisely, wary of competitive pricing, choice and value for money for the consumer?” Telkom Kenya Chief Executive Officer Mugo Kibati told a press conference on Tuesday.

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Should CBK issue a cryptocurrency?

moneyDAILY NATION By JOHN WALUBENGO

Tuesday August 27,2019

Ten years ago, when Bitcoin, the first cryptocurrency was created by some anonymous fellow or fellows called 'Satoshi Nakamoto', the established monetary system represented by Central Banks across the world ignored the event.

Today, all central banks are grappling with the reality that Bitcoin and its many variants of other cryptocurrencies are not going away anytime soon.

Whereas the majority use of cryptocurrencies remain in the hands of fringe speculators and other minority groups, the value of assets held and transferred within these groups cannot be ignored.

The International Monetary Fund (IMF), World Bank and other traditional fiat custodians are beginning to explore the possibilities of integrating at least portions of these emerging crypto assets into their existing monetary systems.

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Kenya blockchain report a welcome move

moneyDAILY NATION By JOHN WALUBENGO

TUESDAY JULY 30 2019

The long-awaited Blockchain & AI report was finally handed over and released by the ICT Cabinet Secretary Joe Mucheru early last week. Expected to have been launched towards the end of last year, one can only say it is always better late than never.

In its basic definition, a blockchain is a new type of record-keeping whose overall control is not within a single entity but rather distributed across multiple entities.

In other words, the ability to change or update records in the system is done through a shared consensus between multiple parties. Better still, once an entry is recorded, it become tamper-proof or immutable.

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Internet Governance Forum – multi-stakeholder approach to ICT Policy

internetpic2DAILY NATION By JOHN WALUBENGO

TUESDAY AUGUST 6 2019

Last week, the annual Internet Governance Forum (IGF) week – Kenya edition came to a close at a Nairobi Hotel. Hosted by the Kenya ICT Action Network and now in its twelfth edition, the IGF week presents the best platform for ICT policy dialogues.

Fashioned along the annual Global Internet Governance Forum, it aims to bring together different stakeholders with different perspectives to discuss contemporary policy matters that the ever-evolving ICT technologies present.

The unique proposition that the IGF presents is that all stakeholders are on ‘equal’ footing.

In other words, whether you are from government, media, academia, civil society or whatever else your stakeholder grouping maybe, your views will be heard and adopted on merit.

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CBK says bank boards to pay for cybercrimes

cbk governorDAILY NATION By BRIAN NGUGI

Wednesday July 17, 2019

The Central Bank of Kenya (CBK) has issued new rules to payment service providers including commercial banks and technology companies warning the boards of directors that they face “ultimate” liability in case of criminal breaches.

In the guidelines aimed at stemming cybercrime, the CBK says boards will take responsibility for breaches of customer information.

“Payment Service Providers (PSPs) should carry out regular independent assessment and audit functions that shall be undertaken by the internal and external audit and risk functions … The board of directors is ultimately responsible for the cybersecurity of the PSP,” said CBK.

PSPs including firms like Mastercard, Visa, Safaricom, Airtel and Telkom who have 90 days to comply with the requirements published this month.

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