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![]() by Staff Writers Abidjan (AFP) Sept 24, 2018
Abu Dhabi's Yahsat on Monday launched its satellite broadband service in Ivory Coast in a bid to boost internet access in this west African nation where only 27 percent of the population is online. Named YahClick, the service offers broadband internet connectivity to businesses, government agencies and remote areas of the country. "This broadband satellite service promises to improve telecommunication capacities across the country which until now have been very weak," Yahsat's Africa manager Yannick Kashila told AFP. In Ivory Coast, the leading economy in French-speaking West Africa, internet penetration remains stagnant at only 27 percent. In rural areas, only 2.0 percent of homes have access, compared with 16 percent in urban areas. "Today in 2018, having good internet connectivity has a direct influence on the economic development of a developing nation," said Morris Michael Kofi, head of Cee-Net Technologies, which supplies internet technologies and is partnering with Yahsat. "A 10-percent increase of broadband connectivity can have a positive impact equating to around 1.4 percent of GDP in a developing country," he told AFP. Mobile telephony currently accounts for around 8.0 percent of Ivory Coast's GDP and the sector is one of the country's biggest employers. The daily volume of financial transactions conducted over mobile networks -- payments or money transfers -- in Ivory Coast equates to some 15 billion CFA francs (23 million euros/$29,000,000) There are three operators dominating the mobile market in Ivory Coast: France Telecom's Orange, South Africa's MTN and the Ivorian-Saudi group Moov. YahSat, which is based in the United Arab Emirates, is a satellite operator targeting markets in the Middle East, Africa, central and southwest Asia and Europe. It is owned by the Emirati investment fund Mubadala.
![]() ![]() Hackers target real estate deals, with devastating impact Washington (AFP) Sept 23, 2018 James and Candace Butcher were ready to finalize the purchase of their dream retirement home, and at closing time wired $272,000 from their bank following instructions they received by email. Within hours, the money had vanished. Unbeknownst to the Colorado couple, the email account for the real estate settlement company had been hacked, and fraudsters had altered the wiring instruction to make off with the hefty sum representing a big chunk of the Butchers' life savings, according to a lawsuit ... read more
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