Connect with us

Tech News

ECONET ZIMBABWE AND ICT MINISTER FACE OFF OVER ZIMBABWE’S NEW INFRASTRUCTURE SHARING ARRANGEMENT

Published

on

supa-mandiwanzira

Econet Wireless, yesterday, issued a statement that fired at the proposed infrastructure sharing arrangement by the Zimbabwean Government, according to a report by Techzim.

In this arrangement all mobile network operators will pool the resources they use for passive and active network infrastructure which will result in lower costs of rollout; this in turn will be passed down to consumers in the form of lower tariffs.

Econet spoke out against this, saying it won’t be mutually beneficial as other service providers haven’t invested in their network infrastructure as Econet has done.

“In our view, it is unfair to compel sharing of infrastructure where one party does not have the infrastructure that the other needs,” Econet said, adding that the arrangement “is tantamount to compulsory acquisition of infrastructure from one operator who has chosen to invest in infrastructure, for the benefit of another that chose to invest in other assets that are either not available for sharing, or that we do not need.”

The Minister of ICT, Supa Mandiwanzira then accused Econet of pretending to oppose infrastructure sharing when it actually benefits from resources it shares with operators. He challenged Econet to remove its installations on TelOne infrastructure; as well as Liquid, Econet’s sister company, to remove its fibre optic cable on ZETDC pylons by Friday this week.

“Until Econet does this, the Government will not take Econet’s position to reject infrastructure-sharing seriously,” he added. The Minister went on to accuse Econet of extorting consumers.

“As a ministry, we are very concerned that data charges being levied on Zimbabwean subscribers, by most networks, especially Econet, are unjustifiable especially when you are resisting infrastructure-sharing. No mobile network, no matter how big or arrogant, should be allowed to grandstand in the media by pretending to be the protector of consumers when it is in fact extorting the consumers by its totally overpriced products.”

 

source:http://techcabal.com/2015/03/30/econet-zimbabwe-and-ict-minister-face-off-over-zimbabwes-new-infrastructure-sharing-arrangement/

Continue Reading
Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Industry

THE FINTECH REVOLUTION IN INSURANCE

Published

on

Advancing technology has collided with longstanding customer issues to create a series of deep, lasting, systemic challenges for insurance. How will these trends impact insurers’ businesses and the industry overall?

The rise of fintech, changing consumer behavior, and advanced technologies are disrupting the insurance industry. Additionally, Insurtechs and technology startups continue to redefine customer experience through innovations such as risk-free underwriting, on-the-spot purchasing, activation, and claims processing.

The report from Deloitte Global examines forces that are disrupting the insurance industry and presents four possible scenarios for the future. We explore:

  • Changing the channel: Partnerships with product makers and distributors, and embedding insurance into other products and services may enable customers to select products that best fit their lifestyle.
  • Underwriting by machine: Technology advancements including AI innovations and algorithms will likely individualize risk selection and pricing, and customers can select products based on a wider range of price points.
  • Rise of the flexible product: Time-flexible, event-driven, modular and adjustable coverage may evolve to accommodate life stage, lifestyle, and wellness changes among consumers.
  • E-Z life insurance: Given the growth and shopping patterns in emerging markets, insurers who introduce flexible term products, and master digital distribution without compromising underwriting are likely to win in the marketplace.

Read the report to understand what the future holds for the insurance industry.

Key Contact

Neal Baumann

Neal Baumann

Global Insurance Leader

Neal leads Deloitte’s Global Insurance practice and is the US insurance consulting leader. He has 20 years of experience advising financial services and insurance company clients on corporate and comp… More

Continue Reading

Business

EUROPEAN INVESTMENT BANK RUNS BLOCKCHAIN HACKATHON

Published

on

A team from EY triumphed in a 48-hour European Investment Bank (EIB) hackathon designed to find ways to use blockchain technologies to redesign the transaction processing of commercial paper.

The EIB brought together 56 coders from 15 countries in 12 teams for the hackathon, run alongside the bank’s annual forum dedicated to treasury issues.

While the conference was running, the coders were locked in an adjacent room, trying to prove that blockchain tech can improve the transaction process of commercial paper – a short-term financing instrument that is used worldwide in treasury operations and still relies on an ‘archaic’ and complex process.

In the pitching session, the EY team won the contest with an effort that taps a combination of blockchain, robotics and business AI tools to optimise the issuance process and reduce the number of exchanges between the EIB and its counterparties while maintaining each one’s role within the ecosystem.

The EY team won a EUR5000 cash prize and a contract with the EIB to further develop its solution into a proof of concept.

Alexander Stubb, vice president, EIB, say: “There will be major gains from the use of new technologies such as blockchain, generated from the simplification and streamlining of existing financial processes. The new perspectives opened up by digitalisation and Distributed Ledger Technology must be assessed and we must all be ready to make use of them and embark on this new venture.

“As the EU’s financial arm, we decided to be on the active side, learn by experience and make things happen, to be a facilitator and join with our banking partners to pave the way for tomorrow’s financial industry.”

Separately, Barclays is planning a hackathon that will see coders use blockchain technology for post-trade processing of derivatives contracts. The event will take place over two days in September in London and New York, according to Coindesk.

Continue Reading

Industry

GOOGLE NEVER REALLY LEFT CHINA: A LOOK AT THE CHINESE WEBSITE GOOGLE’S BEEN QUIETLY RUNNING

Published

on

More information is leaking out about just how Google is planning to re-enter the Chinese market with a mobile search engine application that complies to the country’s censorship laws.

The Intercept first broke this story when a whistleblower provided them documentation detailing the secret censored search project (codenamed Dragonfly). According to them, an overlooked Google acquisition from 2008 — 265.com — has been quietly laying down the foundation for the endeavor.

In order to run a business in China, tech companies are required to obtain a Internet Content Provider license from the Chinese government. As it’s difficult for foreign businesses to obtain this license, Google has long partnered with Chinese IT company Ganji.com. Back in the early years of Google.cn, Google actually operated directly off of Ganji.com’s license, even claiming the Chinese company was temporarily running its search engine. Facing intense scrutiny from the Chinese government and the media over this license arrangement, in 2007 Google formed a legitimate joint venture company with Ganji.com — the Beijing Guxiang Information and Technology Co.

Because of the necessity of that license, Google has maintained that joint venture and has been operating in China under the name Beijing Guxiang Information and Technology Co. ever since. Even after the shut down of Google.cn, Google’s Chinese advertising enterprise has been operating under the joint venture company as well as, low and behold, 265.com. A whois search of the 265.com domain name, which provides a record of the current domain registrant information, pulls up Beijing Guxiang Information and Technology Co. as the registrant organization.

A significant number of Google employees are reportedly none too happy about Google’s project complying with Chinese censorship laws. This most recent news, that the company has long been collecting data for a moment just like this, surely won’t make morale among these workers any better.

Continue Reading

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 671 other subscribers

Advertisement

Trending

%d bloggers like this: