Egypt is introducing a new plan to tackle phone smuggling whilst promoting its local phone industry. A 38.5% customs tax will be given to individuals who import mobile phones into the country. “The number of devices entering the country through smuggling is too large,” Prime Minister Mostafa Madbouly said in a press conference. “Countries resort to such measures to regulate the market and encourage the growth of local industry,” he added. The Finance Ministry and the Ministry of Communications and Information Technology are working together to create an electronic system that
The Communications Authority of Kenya is ushering in new licensing rules and fees to crack down on fake electronics in the country. Distributors and telcos must now pay a one-off fee of KSh 250,000 ($1,933.49) for a 15-year licence. They will also be obliged to pay 0.4% of their yearly income as an annual fee, but not under KSh 120,000 ($928.07). There are also proposals to better regulate satellite internet service providers (ISPs) like Elon Musk’s Starlink. Why is Kenya introducing a telecom fee? The new licence, which is called
Costo is standing firm on its diversity, equity, and inclusion (DEI) commitments despite activist investors pushing for the company to make changes in line with those seen at Walmart, John Deere, and McDonald’s. Activist investors target DEI efforts Forbes reported that a proposal from a shareholder, put forward by a conservative think tank, challenged Costco to evaluate and openly share the harm linked with its DEI policies and goals. The proposal states that the firm DEI’s plans present financial, reputational, and litigation threats that could negatively affect shareholders. In the
Sub-Saharan African countries lost $1.5 billion to internet shutdowns in 2024, according to data by Top10VPN. Deliberate internet outages and social media shutdowns globally led to a $7.69 billion loss. While Pakistan and Myanmar were most affected, 19% of the economic cost of internet shutdowns total came from Africa. The cost of internet shutdowns Globally, worldwide internet shutdowns have been decreasing since 2022 ($24.61 billion to $7.69 billion), however many countries across the globe still suffer from this form of internet censorship. In 2024, 28 internet shutdowns occurred in 28
IPSY, a beauty subscription service, will be collaborating with Gabrielle Union as the curator of its February Icon Box. The box will include makeup, skin, and hair products by Gabrielle Union to highlight Union’s journey of self-expression. Celebrating Black History Month In addition to curating an IPSY’s February Icon Box, Union will narrate IPSY’s upcoming Black History Month social campaign, “Black Joy Is Beautiful.” The short film celebrates the art of embracing, loving, and expressing your authentic self. The film will be released at the beginning of February. IPSY will also
Meta CEO Mark Zuckerberg and Chief Global Affairs Officer Joel Kaplan have announced the company is ending its fact-checking system in favor of a community notes model, much like the system on X. However, critics say the shift is simply an attempt to appease the incoming Trump administration and cause real-world harm to already marginalized communities through increased hate speech and misinformation. Why is Meta scrapping the fact-based system? “In recent years, we’ve developed increasingly complex systems to manage content across our platforms, partly in response to societal and political
It’s the start of a new year, and many people are considering new career opportunities. While it’s great to network with people online, meeting industry professionals in person allows you to form richer connections. This is where tech conferences come in. Even if you aren’t thinking about making a new career move, there’s no harm in networking with like-minded individuals. Here at POCIT, we know how daunting it is to be one of the few Black or Brown faces in networking rooms. This is why we’ve created a list of
Startups in Africa raised $2.2 billion in 2024, with Kenyan startups receiving the most funding, according to Africa: The Big Deal. For the second year in a row, Kenya secured the most funding in Africa, raising $638 million, with 88% of the total amount raised in East Africa. How much money was raised in Kenya and East Africa? East Africa raised $725 million in total, equal to 1 in 3 dollars raised in Africa. Kenya received $638 million in funding on its own, which makes up 88% of the overall
Meta has deleted its AI-powered Facebook and Instagram profiles following backlash over racist and offensive characters. The tech giant had quietly rolled out the AI-driven accounts that could interact with other users via direct messages in 2023 alongside its lauch of Celebrity AI characters. “Proud Black Queer Momma” These accounts lived under the radar until the Financial Times published a story on December 27 exploring Meta’s intentions to continue integrating user-generated AI profiles that users can create and edit to preferences into its social media platforms. Meta deleted its Celebrity AI
Mark Clayton, a former NFL player, raised $1 million in funding for his LIVV Audio brand of high-performance headphones he designed in high school. The wide receiver, who spent most of his seven-year career with the Baltimore Ravens, created the headphones for athletes and those interested in fitness. Clayton’s Idea Clayton started designing the concept for his headphones while studying business administration and management at Babson College. However, the idea for the headphones came to Clayton during his pool-based rehab sessions after recovering from a knee injury when he joined the
