What You Need to Know about Trading Bitcoin

Bitcoin
Trading bitcoin is not for the faint-hearted. The forex trading market is characterized by high liquidity and volatility.

At its peak, Bitcoin was worth around $20,000. Sadly, this didn’t last long and today it’s worth around $6,400. As you might expect from those figures, bitcoin is extremely volatile. Virtual currencies have lost a huge chunk of value in the last year alone – around $350 billion. Here are some of the factors that affect bitcoin trading.

Trading bitcoin is not for the faint-hearted. The forex trading market is characterized by high liquidity and volatility. Prices can rise and fall steeply at any time. Market crashes are triggered by any number of things and it’s not unusual for cryptocurrencies like bitcoin to drop like a stone in one day.

It is fair to say that bitcoin and other cryptocurrencies are a speculative asset. If you are saving for your retirement, don’t put your money in bitcoin; not unless you want to risk losing it all. But, if you have some disposable income in your trading account and you are in the game for quick gains, cryptocurrency trading can be very profitable. Does that sound like you? If so, here’s what you need to know.

Expect a Wild Ride

Volatility is the name of the game. If you can’t stand the heat, stay out of the kitchen. Equities investors think nothing of 5% price movements, but crypto traders need to get used to price swings 20% in either direction. In a worst-case scenario, a cryptocurrency could even end up being worth zilch. It probably won’t happen with bitcoin, but never say never.

Increased Regulation Hits Prices Hard

The cryptocurrency market is facing increased regulation. The industry has largely operated outside the boundaries of normal regulatory restrictions, but financial authorities are keen to clamp down on shady bitcoin exchanges.

With many authorities viewing bitcoin trading as the Wild West of forex, some US states are seeking to apply further legislation to cryptocurrency instruments. In the UK, MPs say the crypto industry is leaving investors vulnerable to criminals. Hong Kong has just announced that cryptocurrency trading will be further regulated. In Japan, several bitcoin exchanges were ordered to tighten up their practices following a spate of hacks.

Tighter regulation is good for investors, as it reduces the many risks inherent in bitcoin trading, but it also means prices are likely to fall in response. Bear this in mind.

Use Your Common Sense

Some people view bitcoin as the Holy Grail of forex. They read news reports about stratospheric price rises and hand over their money immediately. Then, when the price crashes, they sell in a blind panic and lose money.

Use your common sense. Bitcoin is volatile, so prices will rise and fall on a daily basis. The important thing is to keep your head and not put all your eggs in one basket. Don’t panic when the price drops. Try to see bitcoin as a long-term investment.

Digital currency is the future, so in time, we might all be using it to pay for everyday goods.

 

The post What You Need to Know about Trading Bitcoin appeared first on The Maravi Post.

What You Need to Know about Trading Bitcoin

Bitcoin
Trading bitcoin is not for the faint-hearted. The forex trading market is characterized by high liquidity and volatility.

At its peak, Bitcoin was worth around $20,000. Sadly, this didn’t last long and today it’s worth around $6,400. As you might expect from those figures, bitcoin is extremely volatile. Virtual currencies have lost a huge chunk of value in the last year alone – around $350 billion. Here are some of the factors that affect bitcoin trading.

Trading bitcoin is not for the faint-hearted. The forex trading market is characterized by high liquidity and volatility. Prices can rise and fall steeply at any time. Market crashes are triggered by any number of things and it’s not unusual for cryptocurrencies like bitcoin to drop like a stone in one day.

It is fair to say that bitcoin and other cryptocurrencies are a speculative asset. If you are saving for your retirement, don’t put your money in bitcoin; not unless you want to risk losing it all. But, if you have some disposable income in your trading account and you are in the game for quick gains, cryptocurrency trading can be very profitable. Does that sound like you? If so, here’s what you need to know.

Expect a Wild Ride

Volatility is the name of the game. If you can’t stand the heat, stay out of the kitchen. Equities investors think nothing of 5% price movements, but crypto traders need to get used to price swings 20% in either direction. In a worst-case scenario, a cryptocurrency could even end up being worth zilch. It probably won’t happen with bitcoin, but never say never.

Increased Regulation Hits Prices Hard

The cryptocurrency market is facing increased regulation. The industry has largely operated outside the boundaries of normal regulatory restrictions, but financial authorities are keen to clamp down on shady bitcoin exchanges.

With many authorities viewing bitcoin trading as the Wild West of forex, some US states are seeking to apply further legislation to cryptocurrency instruments. In the UK, MPs say the crypto industry is leaving investors vulnerable to criminals. Hong Kong has just announced that cryptocurrency trading will be further regulated. In Japan, several bitcoin exchanges were ordered to tighten up their practices following a spate of hacks.

Tighter regulation is good for investors, as it reduces the many risks inherent in bitcoin trading, but it also means prices are likely to fall in response. Bear this in mind.

Use Your Common Sense

Some people view bitcoin as the Holy Grail of forex. They read news reports about stratospheric price rises and hand over their money immediately. Then, when the price crashes, they sell in a blind panic and lose money.

Use your common sense. Bitcoin is volatile, so prices will rise and fall on a daily basis. The important thing is to keep your head and not put all your eggs in one basket. Don’t panic when the price drops. Try to see bitcoin as a long-term investment.

Digital currency is the future, so in time, we might all be using it to pay for everyday goods.

 

The post What You Need to Know about Trading Bitcoin appeared first on The Maravi Post.

Best 3 Vape Tips for Newbies

Best 3 Vape Tips for Newbies
Best 3 Vape Tips for Newbies

When people choose to switch to vaping, it’s quite normal to feel different and overwhelmed. It’s normal – but you can learn the technology behind it. In time, you’ll get to learn how it’s done and you won’t need to look up the internet for every little sound that it suddenly makes.

We’ve written this article to give you a push from behind and a few tips that can help you get on your feet, by telling you how to vape safely.

Disassemble your device in the night

We know what you think – it goes completely nowhere, but bare with us for a minute. It’s advisable to remove your atomizer or your vape tank, and you should really do it if it were recently filled with e-liquid. This way, you’ll prevent any leaks and spills, which happen from time to time – it’s normal. However, if the juice comes in contact with the button of the device or with the battery, you might as well say goodbye to your device.

You probably spend a sum of money on your device, so it would be a waste for all of this to happen so quickly after you bought it. So make sure you are cautious and you do this.

Be careful at cracking

They should talk to you about this in time, but some manufacturers just don’t do this. This is not breaking news – not all vape tanks are created equally. This actually means that you’re not going to be able to use some specific juices in some tanks. This happens because there are more plastic tanks that can crack up easily or can warp with some juices. For instance, cinnamon and menthol e-liquids are known to be the culprits of this.

Many starter kits come with a plastic replacement tank in each kit so this problem mainly plagues new vapers that don’t know any better, however if you’re someone that is really craving high quality flavor and don’t want to deal with a potential mess or fused flavors, then a glass tank is the solution. Lucky for you, glass replacement tanks can be found at just about any vape shop or online store that sells vape products.

How to deal with juice maintenance

You get to buy the e-liquids, then vape them, but that’s not where your job is done. You care for your vaping tanks, mods and atomizers, so why not care for your juice, too?

It’s good to remember that you should shake the e-liquid before every use. This way, the PG/VG mixture and the nicotine are mixed as they should be, hence the great quality of the vape.

Also, don’t leave your juice anywhere (or everywhere), because they might get hit by direct sunlight – and that’s not a good thing. If you’ve made the switched recently, you probably still want nicotine as bad as before, and the sunlight will decrease the intensity of the nicotine and will give you an outcome that you did not pay for.

 

 

 

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Top Gigs to Do For the Malawi Unemployed Youth

Regulated Gambling
Regulated Gambling

Malawi like most other African nations is currently faced with a challenge of a high unemployment rate, especially among the youths. While the government is taking massive strides to address this challenge, it will take years before the challenge is completely wiped out. However, while waiting for the government to come up with long-term solutions, there are some things that the youth on their own can do in order to earn an income. Below, we take a look at some of these methods.

Gambling

The word gambling does have negative connotations especially in some sections of society. However, gambling if done responsibly can be a great way to earn some cash. For those committed, gambling can actually provide a stable income to sustain one’s life. The key to succeeding in gambling is to gamble legitimately i.e. if gambling online, you have to gamble at online sites which are recognized in one’s jurisdiction in this instance Malawi. This stakes casino review shows that the casino allows players from Malawi to gamble legally. Once you choose the desired online casino, the next step is to look for some few funds that will bankroll you during your first gaming sessions. With this settled, you can look for the gambling niche (playing casino games, sports betting or novelty betting) you want to engage in and start your gambling adventure.

Online Trading

Online trading is an adventure that can be done by anyone more so those who have some background knowledge in stocks, cryptocurrencies or economic and political analysis. However, this does not mean if you have no knowledge in such fields you cannot partake in online trading; you will just need to educate yourself first before you start your adventure. Using the internet, you can find everything there is to learn about online trading from beginners’ guides, trading strategies to tips on how to become an elite trader. The beauty of online trading is that it is a lucrative field which has the potential of rewarding traders generously or even turns some in instant millionaires!

Completing Online Tasks

Regardless of the skills you possess, there is someone somewhere who is in need of those skills. The trick, therefore, is to look for the person in need of skills that you have. Thanks to the internet, finding such people is not that difficult. Sites such as Fiverr, Clickworkers, and Figure Eight among others link those with special skills with those in need of special skills.

The post Top Gigs to Do For the Malawi Unemployed Youth appeared first on The Maravi Post.

China to continue supporting African media on digitalization

Delegates from 45 African countries have gathered in Beijing, China, attending the 4th Forum on China-Africa Media Cooperation aimed at encouraging exchange visits and cooperation among media organizations from China and Africa.

Held under the theme ‘Exchange on China – Africa Media policies’, the Forum aims to publicize the outcomes of the Johannesburg Action Plan of 2016-2018 and has attracted more than 400 representatives from government departments and organizations.

Delivering his speech at the opening ceremony on Tuesday, Vice Minister of the National Radio and Television Administration, Fan Weiping, said China recognizes the role of the media in promoting national culture, social harmony and economic development.

He said China would continue with capacity building programs for the media from African countries to ensure that Africa fully goes digital.

“We have always been people-centered in our development and ensure that every citizen is not limited by geographical, ethnic and economic conditions in their access to basic public services.

“We shall enhance cooperation in key sectors such as news coverage, content production and channel development and continue to support media digitalization and capacity building in African countries and promote the timely sharing of development experience between Chinese and Africa media including lifting up the African countries,” said Weiping.

He said currently there are more than 700 million internet users in China of whom nearly 600 million consume audiovisual programs through the internet saying Africa should learn from it in a quest to promote digitalization and networking.

According to Weiping, the Forum is important since China and African countries share the same historical background and are faced with common development tasks.
“We need to take the initiative to build a common discourse space and constantly enhance our cultural confidence to help people lift themselves out of poverty by helping them set up the aspiration obtain skills and knowledge.”

“We will support each other, speak out on major regional and international issues and safeguard the legitimate rights and interests of China and African countries,” he said.

Zambian Minister of Information and Broadcasting, Dora Siliya, said the Forum has brought together high profile African and Chinese government officials, captains of the media industry and other stakeholders providing a fertile opportunity to deepen cooperation between China and Africa in a collective desire to create an informed and knowledge-based society.

She said the Forum has become even more urgent with the arrival of the information communication technologies such as internet and digital television broadcasting in which China is way ahead.

The Forum, which is being sponsored by the National Radio and Television Administration of the People’s Republic of China, has become an important platform for promoting China-Africa media dialogue and an effective mechanism for practical cooperation since its founding in 2012.

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6 Technologies You Must Implement In Your Business

egg tray machine manufacturer
Artificial intelligence: Understanding how machines learn

The world of business is growing at a rapid rate as the introduction of more and more technologies makes it easier for business owners to do business.

There are approx 28 million small businesses in the US alone. Soon, these businesses will grow to be bigger fish as newer small business will open. All this is possible thanks to technology that does not only make it easier to start a business, but also to grow.

Whether you’re a small business or a large one, these are some of the technologies that not only help increase profits but also takes the business to a whole new level.
Let’s have a look at six technologies you must implement in your business:

  1. Artificial Intelligence

The world of business has accepted artificial intelligence with open hands, despite some not being able to afford it. Let’s consider customer support service of a business. It is the backbone of a business because a majority of customers will judge a business depending on how good or bad its customer service is.

Poor customer service is bad for any business as it results in too many conversion losses.

This can be corrected by implementing artificial intelligence in the customer support department. A lot of businesses have already made use of artificial intelligence programs and have been using them as bots to address to customers needs.

Microsoft Bot Framework is one such artificial intelligence program that lets developers build bots for businesses so that they can interact with customers and cater to their needs without having to physically require a person sitting behind a computer to answer queries.

IDC Research Inc predicts that by 2019, 75%  of enterprise application users will have artificial intelligent personal assistants to do their work.

All of this is enough evidence for businesses to divert their focus towards AI.

  1. Cloud

Businesses seem to be quickly turning to cloud technology due to the benefits it has to offer. In 2015, $70 billion was spent on cloud services and the amount is said to reach $141 billion by 2019, according to IDC. This is a huge number that shows just how quickly this amazing technology is growing.

It is also predicted that by 2019, 83% of traffic will be cloud based. Cloud services provides a business with many benefits such as top notch security, easy access, accurate information, e automatic backups of data and a way to share and collaborate data with partners.

These benefits aren’t offered by any other storage option and since we know that quick advancements are being made in the data capacity from Gigabytes to Terabytes and so on, it has become a dire need of businesses to switch to cloud storage so as to secure their data.

  1. Social Media

Social media is huge today. It is believed that about 90% of all internet users have at least one social media account, which means you can reach to about 90% of online users just by being on social media.

There are 4.2 billion users on the internet out of which, 3.03 million are active on social media. This becomes a major reason to use social media as it can provide you with many advantages.

Since the social media population has gone this large, it has become vital that a business uses platforms like Facebook, Twitter, Instagram and Youtube to engage with their audience and use the latest marketing tactics.

Studies show that on an average, an individual spends as much as 9 hours a day on various social media accounts. Hence, if you make professional business profiles on every popular social media platform, it will do nothing but good for your business.

Getting new customers, increasing sales and making profits has a lot to do with the visibility of a business. If people don’t know about your business or what it is that you do, then you can’t grow your business. However, the trick lies in focusing on one platform and using it to target relevant audience such as Facebook, Youtube and Instagram.

Other than this, emailing newsletters and engaging with audience via a blog is also fruitful for a business because the top 3 content marketing strategies as of today are none other than social media (83%), blogs(80%) and email newsletters(77%).

  1. Mobile Apps

Today, most of the internet users prefer surfing the internet, do shopping, send/receive emails on mobile devices. We have millions of mobile apps on the internet that have made it easier to interact with the world.

A lot of businesses have a personal business mobile app to provide convenience to their customers. In fact, by 2020, mobile apps are predicted to generate $189 billion in revenue through in-app advertisements and app store purchases.

Business that do not have a business app made for mobile devices (smartphone, tablets etc.) are losing a good percentage of potential customers.

  1. Automation

Use automation to get the job done in a quick manner. This removes the need to hire staff as you have machines doing it all. For example, if you are an egg tray machine manufacturer, you can buy molding machines to manufacture egg trays with you.

The machine will do everything from cutting the tray to giving it the shape that it needs and do it a lot faster than humans.

6.Security

Digital data is not easy to guard. The risk is always there.

A business that doesn’t take required measures to safeguard their data is hurting their own business. White Hat Security statistics say that 86% of websites have at least one vulnerability that puts them at risk.

Therefore, it is important to use top notch security providing software and cloud based security programs to safeguard your data.

The post 6 Technologies You Must Implement In Your Business appeared first on The Maravi Post.

6 Technologies You Must Implement In Your Business

egg tray machine manufacturer
Artificial intelligence: Understanding how machines learn

The world of business is growing at a rapid rate as the introduction of more and more technologies makes it easier for business owners to do business.

There are approx 28 million small businesses in the US alone. Soon, these businesses will grow to be bigger fish as newer small business will open. All this is possible thanks to technology that does not only make it easier to start a business, but also to grow.

Whether you’re a small business or a large one, these are some of the technologies that not only help increase profits but also takes the business to a whole new level.
Let’s have a look at six technologies you must implement in your business:

  1. Artificial Intelligence

The world of business has accepted artificial intelligence with open hands, despite some not being able to afford it. Let’s consider customer support service of a business. It is the backbone of a business because a majority of customers will judge a business depending on how good or bad its customer service is.

Poor customer service is bad for any business as it results in too many conversion losses.

This can be corrected by implementing artificial intelligence in the customer support department. A lot of businesses have already made use of artificial intelligence programs and have been using them as bots to address to customers needs.

Microsoft Bot Framework is one such artificial intelligence program that lets developers build bots for businesses so that they can interact with customers and cater to their needs without having to physically require a person sitting behind a computer to answer queries.

IDC Research Inc predicts that by 2019, 75%  of enterprise application users will have artificial intelligent personal assistants to do their work.

All of this is enough evidence for businesses to divert their focus towards AI.

  1. Cloud

Businesses seem to be quickly turning to cloud technology due to the benefits it has to offer. In 2015, $70 billion was spent on cloud services and the amount is said to reach $141 billion by 2019, according to IDC. This is a huge number that shows just how quickly this amazing technology is growing.

It is also predicted that by 2019, 83% of traffic will be cloud based. Cloud services provides a business with many benefits such as top notch security, easy access, accurate information, e automatic backups of data and a way to share and collaborate data with partners.

These benefits aren’t offered by any other storage option and since we know that quick advancements are being made in the data capacity from Gigabytes to Terabytes and so on, it has become a dire need of businesses to switch to cloud storage so as to secure their data.

  1. Social Media

Social media is huge today. It is believed that about 90% of all internet users have at least one social media account, which means you can reach to about 90% of online users just by being on social media.

There are 4.2 billion users on the internet out of which, 3.03 million are active on social media. This becomes a major reason to use social media as it can provide you with many advantages.

Since the social media population has gone this large, it has become vital that a business uses platforms like Facebook, Twitter, Instagram and Youtube to engage with their audience and use the latest marketing tactics.

Studies show that on an average, an individual spends as much as 9 hours a day on various social media accounts. Hence, if you make professional business profiles on every popular social media platform, it will do nothing but good for your business.

Getting new customers, increasing sales and making profits has a lot to do with the visibility of a business. If people don’t know about your business or what it is that you do, then you can’t grow your business. However, the trick lies in focusing on one platform and using it to target relevant audience such as Facebook, Youtube and Instagram.

Other than this, emailing newsletters and engaging with audience via a blog is also fruitful for a business because the top 3 content marketing strategies as of today are none other than social media (83%), blogs(80%) and email newsletters(77%).

  1. Mobile Apps

Today, most of the internet users prefer surfing the internet, do shopping, send/receive emails on mobile devices. We have millions of mobile apps on the internet that have made it easier to interact with the world.

A lot of businesses have a personal business mobile app to provide convenience to their customers. In fact, by 2020, mobile apps are predicted to generate $189 billion in revenue through in-app advertisements and app store purchases.

Business that do not have a business app made for mobile devices (smartphone, tablets etc.) are losing a good percentage of potential customers.

  1. Automation

Use automation to get the job done in a quick manner. This removes the need to hire staff as you have machines doing it all. For example, if you are an egg tray machine manufacturer, you can buy molding machines to manufacture egg trays with you.

The machine will do everything from cutting the tray to giving it the shape that it needs and do it a lot faster than humans.

6.Security

Digital data is not easy to guard. The risk is always there.

A business that doesn’t take required measures to safeguard their data is hurting their own business. White Hat Security statistics say that 86% of websites have at least one vulnerability that puts them at risk.

Therefore, it is important to use top notch security providing software and cloud based security programs to safeguard your data.

The post 6 Technologies You Must Implement In Your Business appeared first on The Maravi Post.

A Facebook bug changed suggested sharing settings to ‘public’ for up to 14 million users

Facebook
Facebook isn’t a “community”. It’s a dangerous tool, especially in the wrong hands

The bug was active from May 18 to May 27 and changed users’ privacy settings without them knowing.The company said the problem has been fixed, and Facebook will notify the 14 million users who could have been affected starting Thursday.

About 14 million Facebook users who thought they were posting a message just to friends or smaller groups may have actually been sharing it widely with the general public due to a software bug, the company said Thursday.

A Facebook user’s post typically defaults to a pres-elected privacy setting. However, a bug that was active from May 18 to May 27 changed posts to automatically be public.

The posts were clearly marked as public, but users who were used to their privacy settings could have easily overlooked the public designation.

The company said it went back and recategorized the affected posts to the user’s default setting before the bug, and the problem has been fixed. In addition, Facebook will notify the 14 million users who could have been affected starting Thursday with an alert in their notifications.

“Starting today we are letting everyone affected know and asking them to review any posts they made during that time,” chief privacy officer Erin Egan said in a statement.

“We’d like to apologize for this mistake,” Egan said.

It’s another misstep in Facebook’s ongoing data privacy issues, spurred by revelations of a data leak that affected as many as 87 million users.

The issue resulted from Facebook’s efforts to allow users to highlight items on their profiles, such as photos, the company said.

The featured items defaulted to public settings, which inadvertently made all posts by the user during the affected time period also default to public.

The post A Facebook bug changed suggested sharing settings to ‘public’ for up to 14 million users appeared first on The Maravi Post.

Macra sets Sept 30 as Sim card registration deadlines

The country’s Malawi Communications Regulatory Authority (Macra) has set September 30, 2018 as the new date for existing phone users to register Sim cards and generic numbers or risk being blocked.

Speaking at a press briefing in Blantyre on Friday, Macra officials said, from July 1 this year, all new Sim cards will have to be registered within a maximum period of seven days from the date of purchase.

“When all subscriber details have been provided, the Sim card will be activated even before the seven days elapse. But if this has not been satisfied within the seven days, the Sim card will no longer be useful and the customer will need to buy another one and start the process all over again,” said Macra’s Director General, Godfrey Itaye.

Itaye said mobile service providers have indicated that at least 40 percent of phone users in the country have registered their Sim cards.

TNM Chief Officer of Consumer Services, Daniel Makata, said, so far, about 1. 5 million users on TNM network have been registered.

“It was quite a chaotic process when we were starting. So, we became more innovative by bringing the registration (staff) closer to the people. We became faster and more people were registered. For the past months, about 40 percent of our consumers have been registered, That is roughly about 1.5 million people,” he said.

Macra issued a directive to all phone operators in the country to start the registration of Sim cards and generic numbers in January this year in a drive aimed at effectively regulating the information communication technology industry.

This was in accordance with requirements of the Communications Act of 2016.

Itaye said Sim card registration has multiple benefits, saying, for example, that people who send threats and hate messages will easily be traced.

“The process will also enable law enforcers to track down criminals who use phones for illegal activities. The process will also reduce cases of child trafficking as police will be able to track perpetrators, not to mention that lost phones will easily be located,” he said.

After the exercise was launched in January, the Ministry of Information, Communication and Technology suspended the process due to a public outcry over deadline of registration, which was March 31 2018.

The post Macra sets Sept 30 as Sim card registration deadlines appeared first on The Maravi Post.

Facebook to invest in ICT infrastructure in Malawi

Principal Secretary in the ministry of ICT Erica Maganga speaking during the meeting Principal Secretary in the ministry of ICT Erica Maganga speaking during the meeting

Blantyre, May 17, 2018: Facebook has expressed commitment to improving Malawi Government capabilities in information and communication technology (ICT) through investment as well as addressing social media abuse.

The commitment was registered in Blantyre during a one day meeting which Facebook, Malawi Communications Regulatory Authority (MACRA), Ministry of Information and Fiscal Police held on Wednesday to find a common ground on how to limit the abuse of the social media.

Briefing the media after the meeting, Facebook Africa Public Policy Manager for Access and Connectivity, Kojo Boakye said Facebook and Malawi Government have the same vision of connecting many Malawians to internet, especially those in rural areas.

“The discussion centred on how we might be able to connect more Malawians to the internet, something that government of Malawi intends to do in collaboration with Facebook,” Boakye said.

“We are making great investments to solve key infrastructure challenges and we are focusing on two areas; the first is bulk whole area, we laid 800 km of optic fibre in northern Uganda and we would like to replicate the same in other countries,” he added.

He said the quality of the environment to invest in is important such that a particular government is supposed to facilitate that kind of investment or infrastructure. He said Malawi Government had demonstrated that it would create such an atmosphere.

“In addition, we would like to invest in wireless infrastructure to connect rural areas of Malawi and we have teams dedicated to do that. It was about whether MACRA and government would be supportive to any effort we might undertake,” Boakye said.

Principal Secretary for Ministry of Information and Communication Technology, Erica Maganga described the development as a positive move towards ICT development in the country and assured Facebook of government’s commitment in facilitating its investment.

“As government, we are happy to have held the meeting with Facebook. What is most pleasing is that Facebook is now willing to come to Malawi to look at what kind of investment they could bring and also the training they would offer in universities,” Maganga said.

MACRA Director General, Godfrey Itaye said the meeting was beneficial as the regulatory body had a chance to talk to Facebook on how MACRA and Facebook could collaborate in limiting the abuse of various social media platforms.

“This will ensure that crimes committed on Facebook are dealt with appropriately,” Itaye told the press.

Taking his turn, Fiscal Police Detective Joseph Nkuna said the meeting had come at the right time as the police have been receiving many reports of Facebook account abuse.

“This meeting will assist Malawi Police Service. I would like to thank government through MACRA for the initiative. It has come at a time when we are receiving complaints regarding Facebook; peoples’ accounts have been hacked and abused by other people.

“The relationship that we are building with Facebook will go a long way in keeping people in check behind the malpractice,” Nkuna said.

The meeting is the first ever to take place among the parties. It has been agreed that similar meetings be held in the near future to fast-track the whole process of investment as well as the introduction of Facebook security team to work hand in hand with Malawi Police Service in limiting social media abuse.

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