It’s well known in the banking sector that the emergence of blockchain is most likely to trigger a revolution in banking. However, it is in the hands of central banks that the technology could reach its true potential. No wonder the Reserve Bank of Zimbabwe (RBZ) is rapidly extending its interest in the blockchain technology. This is according to the Deputy Governor of the central bank, Dr. Jesimen Chipika who said: Blockchain technology is high on the Central Bank’s agenda. Innovation has a way of running ahead of regulation, but we refuse to be left behind. We want to understand and adapt TelOne Modem Fibre Insurance This comes after a couple of months ago, the RBZ’s governor said that the central bank had set the wheels in motion to conduct research on blockchain technology and
Jack Ma has made it clear that he is tired of the office and he’ll be hanging up his gloves on the 10th of September in 2019. The former teacher, who went on to found Alibaba –the Chinese eCommerce giant- and make billions, has said the decision he is making will make him much happier: When I retired from the CEO position, I told the CEO team (in 2013) I should have more time playing golf on the beach. The thing is, I don’t want to die in my office. I want to die on the beach. But I find, oh my God, spent 870 hours in the air last year, and this year, 1,000 hours. Though Jack Ma is no longer responsible for running Alibaba’s daily operations, he is still the face of the company and travels constantly and meets Presidents of countries among other things. Where next for Alibab
ZEC has urged the public not to abuse social media and announce election results as we await the official word from them. According to the Herald, as early as 8:30am yesterday some people were already circulating Whatsapp messages on candidates purported to be leading in the elections. I’m pretty sure they meant to say 8.30pm but that’s besides the point. If you are following the elections you have probably encountered some information regarding who is winning and by what margins. Though this information may be accurate in certain instances, this may also be the effect of what is called a filter bubble. If you have never heard of the filter bubble before, Wikipedia describes it as follows: A filter bubble is a state of intellectual isolation that can result from personal
SAD KURI Sorry, little buddy. Kuri A friendly robot named Kuri recently visited the Popular Science offices. The waste-basket sized bot rolled around the cubes making bleep and bloop sounds, trying its best to mimic and illicit familiar human emotions. At the time of the visit, Kuri was more than a year old, having made its debut at the 2017 Consumer Electronics Show, but the little bot still hadn’t made it to market. Then, just a few days after Kuri visited our office, Mayfield Robotics (part of the Bosch startup platform) announced that the home robot was on-hold indefinitely. Development stopped and those who pre-ordered would get refunds. Kuri’s bid to become the go-to home companion that dances and takes video of your f
PRESIDENT Emmerson Mnangagwa is today set to launch the Zimbabwe National Geospatial and Space Agency (Zingsa) and tomorrow officiate at the groundbreaking ceremony of the Beitbridge modernisation project. Zingsa seeks to advance geospatial science, earth observation and satellite communication systems. The use of satellite technology is expected to unlock cutting edge solutions in health, agriculture, mineral exploration, disaster management and the water management sectors. The National Geospatial Agency is being spearheaded by the Ministry of Higher Education, Science and Technology Development. Higher and Tertiary Education, Science and Technology Development Minister Professor Amon Murwira said President Mnangagwa will launch the space agency at the Har...
Zimbabwe’s telecoms entrepreneurs (yeah they are kind of a tag team) Tsitsi and Strive Masiyiwa have been recognised by the British Prime Minister Theresa May for their work in the education of underprivileged children through the Higher Life Foundation, the non profit they started way back in 1996, even before Econet became operational. Their work in education The Higherlife Foundation pays school fees for 20 000 students annually in Zimbabwe, Lesotho and Burundi, who they call “history makers”. In 2013, Tsitsi and Strive established a $6.4 million scholarship fund that sends students to Morehouse College in the United States. They have developed an online platform, ‘Ruzivo Digital Learning’, which provides curriculum-based digital learning resources and opportunities for hundreds
Bankers Association of Zimbabwe (BAZ) has acknowledged that banks had a significant role to play in making the externalization of funds possible. Some weeks ago, President Mnangagwa released an infamous list that implicated many organizations and individuals in externalizing $827 million worth of funds. Charity Jinya, BAZ president admitted that some financial institutions had not practiced due diligence in making sure that CD1 forms are submitted for customers and this, in turn, left many international trade transactions unreconciled. CD1 forms are documents used by companies that engage in international trade and submitted to the Reserve Bank of Zimbabwe (RBZ) for settlement. BAZ said that banks were not doing enough in assisting customers to submit the CD
A firm funded by Google founder Larry Page has unveiled an electric, self-flying air taxi that can travel at up to 180 km/h (110mph). It can do 100 km on a single charge, and it takes off and lands vertically. It will eventually be available to customers as a service "similar to an airline or a rideshare" said parent company Kitty Hawk on the Cora website. It operates using "self-flying software combined with human oversight", it added. The aircraft has been developed in New Zealand, where the government said it welcomed the project because of its environmental credentials. "We've got ambitious goals here in New Zealand, we want to get to net zero emissions by 2050 and that includes mobility," said Dr Megan Woods, minister for research, science and innovation, in a promotio...
Chancellor Phillip Hammond has called for a deeper look at how tech giants such as Google and Facebook are taxed. Mr Hammond said there was a need to consider interim measures, such as taxing revenues, rather than profits. He first addressed the topic in the Autumn Budget, amid concerns the current system does not tax companies where they make their money. He said the government hoped to find a solution along with other international partners, including the EU. Another area he singled out for attention was online selling. He said that, although online platforms and marketplaces, such as eBay, were good for the economy and for consumers, the way tax was paid on these transactions needed to be looked at to ensure the right amount was being paid. Why is the chancellor so up...
Monday morning at the Detroit Auto Show, BMW AG unveiled its production model X2 in an eye-catching yellow. The low-slung rig is the first of its kind in the SUV family that started with the X5 two decades ago; it fills in the gap in its X family of cars, from the X1 up to the full-sized X7 concept, a monster, three-row SUV also on display this week. Bernhard Kuhnt, president and chief executive of BMW, characterized the new X2 crossover as key to continued growth, where one-third of vehicles sales worldwide come from the X family line. Last year was BMW group’s most profitable year ever, up 4.1 percent over 2016, steps towards its pledge to retake the global luxury lead from Mercedes-Benz. The BMW X2 crossover vehicle is displayed during the 2018 North American International Auto Show