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According to the South African Reserve Bank, the proposed blockchain solution for syndicated loans will be based on cryptocurrency but linked to legal tender. Banks will be able to form syndicates and trade on an electronic exchange with smart contracts.
Chris Irakoze, a programmer from Burundi, exposed a data breach KCB Bank's (Kenya) mobile app which exposed details of 500,000 customers. Irakoze first mentioned the data breach in September 2016.
Rwanda's proposed drone delivery service will initially deliver supplies to deliver medical supplies to five hospitals in the country's rural south-west, with plans to expand it to nearly half of the country's 45 hospitals.
Kenya's new lending law caps bank interests at 4% above the Central Bank Benchmark Rate, which stands at 10.5%, regulates applicable rates to bank loans, mobile loans, and deposits.
