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mobilemoneyDaily mobile money transactions have hit Shs50 billion up from Shs30 billion recorded in the early part of 2011, according to Bank of Uganda. 
However, the central bank is concerned over an increasing trend of fraud associated with mobile money transactions.

Addressing a conference of bankers from East Africa, India and Europe in Kampala early this week, Dr Louis Kasekende, the BoU deputy governor, said telecoms must provide a platform with well - functioning infrastructure to limit risks associated with money in transit on such a platform.

Microprocessor giant Intel has acquired biometrics company Idesia Biometrics for an undisclosed amount.

Idesia, which is based in Israel, develops heart-based biometric technology that allows personal computers, mobile phones and gadgets to personally recognize heartbeats. The technology can also be used to provide health information.

Massachusetts-Institute-ofTechnology-Harvard-edX_620x350The Massachusetts Institute of Technology and Harvard University are teaming up to bring education to anyone who has an Internet connection.

The prestigious universities will launch a $60 million initiative called edX that will offer course material from Harvard and MIT. Courses will consist of "video lesson segments, embedded quizzes, immediate feedback, student-ranked questions and answers, online laboratories and student-paced learning."

UFO

A Swedish expedition team has found an unidentified object at the bottom of the Baltic Sea, leaving some to believe it’s the remnants of an extra-terrestrial ship.

Scientists went off on a deep-water dive to debunk some theories about the

Microsoft announce Windows 8 upgrade for $40Microsoft will let users of Windows XP, Vista and Windows 7 PCs upgrade to the new Windows 8 Pro for $39.99 later this year.

Even though he declined to label the price as "aggressive," analyst Stephen Baker of the NPD Group acknowledged that it signaled Microsoft seriousness about getting as many people as possible to adopt the new operating system.

married_1020_largeFacebook has introduced a new Timeline feature that allows same-sex couples to declare their marriage status on the site with icons that best reflect the relationship, rather than the standard icon of a bride and a groom used for straight couples.

The feature was first noticed over the weekend when Facebook co-founder Chris Hughes married his partner Sean Eldridge. An icon of two grooms was added to Hughes’ Facebook Timeline to announce their wedding news.

 

 

And on the second day in July, the Hotel Indigo Newcastle replaced its paper Bibles with Amazon Kindles…

The UK-based hotel hasn’t yet decided this is good, though. That determination will take a fortnight. In the meantime, visitors who check in will see Kindles loaded with the Good Book in the place of the standard, iconic dead-tree Gideon’s Bibles. Guests will also have the option of downloading other “preferred religious books” for a value of £5 or less via the hotel’s Wi-Fi, according to a

The Internet Corporation for Assigned Names and Numbers (ICANN) will continue to perform the functions of the Internet Assigned Numbers Authority (IANA), after its contract was renewed for three years today.

Its agreement with the US Department of Commerce's National Telecommunications and Information Administration (NTIA) begins on 1 October 2012. The contract has two options for renewal, each for two years, and has a potential maximum period of seven years.

The government has struck a deal with China for a Sh6.04 billion soft loan to fund the National Optic Fiber Backbone Infrastructure (NOFBI) and e-government expansion projects.

Finance Permanent Secretary Joseph Kinyua said the two governments were currently putting together the details of the draft ahead of a formal signing by the end of July 2012.

Over 200 participants in the technology field will for the next two days converge at the Strathmore University for this year’s Open Data Development Camp 2012 which coincides with the first anniversary of the Kenya Open Data Initiative.

“We surely have made strides in freeing government data to the public. But despite the enthusiastic reception within that year, open data has not been without its setbacks and there are still huge challenges ahead like lack of the Freedom of Information Act which would make data release mandatory” said  Information and Communication Dr. Bitange Ndemo in his key note address
themed “We are open for change – are you”?