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Nairametrics
Home Sectors Tech News

Google to auto-delete your data, location history, others

Abiola Odutola by Abiola Odutola
June 25, 2020
in Tech News
Macro weakness: Justification for cheap Nigerian stocks?, Google wants to start banking with you , Afreximbank bags $100 million credit facility The African Export-Import Bank (Afreximbank) has sealed an agreement with the International Islamic Trade Finance Corporation (ITFC) to receive a $100 million credit facility in order to promote Arab-Africa trade and investments. The signing which took place in Egypt at the Africa 2019: Investment in Africa Forum had the President of Afreximbank, Prof. Benedict Oramah, and Chief Executive Officer of ITFC, Hani Sombol in attendance on behalf of the two organisations. How the facility will be deployed: According to the agreement document as reported by Daily Trust, the facility would help finance and de-risk trade flows between the Arab and Africa regions, thereby raising the level of trade, which currently stands at about $500m. Speaking on the deal, Afreximbank said the pact will help in leveraging other Arabian funds in support of Arab investments in Africa. The bank also said the facility was part of the Afreximbank/ITFC Arab-Africa Trade and Investment Promotion Programme launched two years ago to deepen the partnership between them. Also present at the signing of the agreement in Egypt was the Egypt Prime Minister, Mostafa Madbouly, and Egypt’s Minister of Investment and International Cooperation, Dr. Sahar Nasr. What you should know: Afreximbank also recently signed an agreement to partner with South Africa-based Railway company, Thelo DB Proprietary Limited as reported by Nairametrics. The agreement which will benefit Nigeria and other African countries is for the purpose of developing, financing and operating railway projects in Africa. The Memorandum of Understanding (MoU) was signed between the two organisations on the sidelines of the ongoing Africa Investment Forum. The terms of the MoU, include Afreximbank and Thelo DB partnering to support the modernisation and renovation of Africa’s railways in different countries. By doing so, the organisations aim to promote trade, investment and economic skills development. Afreximbank bags $100 million credit facility The African Export-Import Bank (Afreximbank) has sealed an agreement with the International Islamic Trade Finance Corporation (ITFC) to receive a $100 million credit facility in order to promote Arab-Africa trade and investments. The signing which took place in Egypt at the Africa 2019: Investment in Africa Forum had the President of Afreximbank, Prof. Benedict Oramah, and Chief Executive Officer of ITFC, Hani Sombol in attendance on behalf of the two organisations. How the facility will be deployed: According to the agreement document as reported by Daily Trust, the facility would help finance and de-risk trade flows between the Arab and Africa regions, thereby raising the level of trade, which currently stands at about $500m. Speaking on the deal, Afreximbank said the pact will help in leveraging other Arabian funds in support of Arab investments in Africa. The bank also said the facility was part of the Afreximbank/ITFC Arab-Africa Trade and Investment Promotion Programme launched two years ago to deepen the partnership between them. Also present at the signing of the agreement in Egypt was the Egypt Prime Minister, Mostafa Madbouly, and Egypt’s Minister of Investment and International Cooperation, Dr. Sahar Nasr. What you should know: Afreximbank also recently signed an agreement to partner with South Africa-based Railway company, Thelo DB Proprietary Limited as reported by Nairametrics. The agreement which will benefit Nigeria and other African countries is for the purpose of developing, financing and operating railway projects in Africa. The Memorandum of Understanding (MoU) was signed between the two organisations on the sidelines of the ongoing Africa Investment Forum. The terms of the MoU, include Afreximbank and Thelo DB partnering to support the modernisation and renovation of Africa’s railways in different countries. By doing so, the organisations aim to promote trade, investment and economic skills development, Google is facing another probe for its $2.1 billion Fitbit acquisition 
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Google has begun auto-deleting new users’ search data and location history on a rolling 18-month basis to tighten privacy settings. This was disclosed by the Chief Executive Officer, Sundar Pichai, in a blog post published by the tech giant.

The initiative, which was introduced on Wednesday, is the latest attempt by a big online firm to boost public trust after hefty fines were levied against Facebook and Google for privacy violations in recent years.

READ MORE: Twitter confesses to illegally using users phone numbers and emails

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Pichai said, “We believe that products should keep your information for only as long as it’s useful and helpful to you. The changes were designed to keep less data by default.

“When creating a new Google account, your activity data will be automatically and continuously deleted after 18 months, rather than kept until you choose to delete it.”

Current users can already opt in to auto-delete their data every three or 18 months — a setting that has not changed, although existing users will be reminded of the option to do so.

READ ALSO: Google faces probe over $2.1 billion Fitbit acquisition

Smartphone location technology has been in the spotlight as governments study or implement app-based initiatives to prevent the spread of the coronavirus, despite concerns over privacy and civil liberties.

Pinchai, also head of Google’s parent company, Alphabet, asserted that “privacy is at the heart of everything we do” in his blog post.

He detailed other changes including easier access to privacy settings within apps and to the more secure “incognito” mode.

“New users of Google’s subsidiary YouTube will also have their search data auto-deleted after 36 months,” Pinchai added.


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Tags: Alphabet Inc. (GOOGL.O) unitBusiness NewsGoogleSundar Pichai
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

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