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With the advent of mobile phones and increased Internet penetration, the borrowing of money has been shifting from traditional channels to electronic channels. This has come with its problems.
Over a million Internet users across Africa have had their web browsing habits exposed online. This is because a South African company, Conor, which counts many ISPs and telcos as clients, left a database with user web browsing logs publicly available online.
Cyber insecurity is a threat to Africa’s digital economy. Kenya, Uganda, and Rwanda have criminalised cybercrime and established frameworks to manage cyber attacks.
It’s not clear yet who will be affected – or how Kenya's new digital tax will be imposed. However, it appears that potential targets include online taxi-hailing platforms.