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Economists warn that South Africa is in trouble

According to experts at the Bureau for Economic Research BER, there is little chance that the country of South Africas energy supply crisis will get b

According to experts at the Bureau for Economic Research BER, there is little chance that the country of South Africas energy supply crisis will get better in the near future. However, demand is expected to increase as soon as the economy picks back up after the holiday season. The most important downside risk and drag on South Africas growth prospects, according to the analysts, is sustained load shedding at the current high levels. On Wednesday, January 11, Stage 6 load shedding went into effect on Wednesday, January 11, when Eskom experienced several power plant outages at Eskoms power plants broke down multiple failures at Eskoms power plants, putting South Africa into stage 6 load decreasing. The turbines are only supposed to be used to steady the grid during emergencies or periods of heavy demand not as a stopgap for Eskoms inefficiency. Read More..

B2B Tech News | 2 years ago        

ExZalora and Grab executives receive $11 million in series A funding for their logistics company

The Philippinesbased cloud logistics and endtoend fulfilment company Locad has raised US$11 million through a series of financing rounds. a capital ro

The Philippinesbased cloud logistics and endtoend fulfilment company Locad has raised US$11 million through a series of financing rounds. a capital round headed by Reefknot Investments, a vehicle comprised of Kuehne & Nagel and Temasek, the stateowned investment arm of Singapore. The technology of the firm synchronises inventory between different online stores including Shopify, Lazada, Shopee, and TikTok Shop. Order fulfilment services are also offered by Locad for B2C and B2B transactions. Over 200 firms have used Locad to send more than 2 million orders to customers in Singapore, Thailand, Hong Kong, Australia, and the Philippines. The business claimed to have kept its sameday order fulfilment rate at 99%. Read More..

B2B Tech News | 2 years ago        

Canada and Mexico prevail in the trade fight with the United States over vehicle standards.

Canada and Mexico have won their challenge to the United States interpretation of vehicle content criteria under the new North American trade agreemen

Canada and Mexico have won their challenge to the United States interpretation of vehicle content criteria under the new North American trade agreement. According to Flavio Volpe, president of Canadas Automotive Parts Manufacturers Association, the decision is beneficial to both Canada and Mexico. This is fantastic news, says former Mexican Economy Minister Tatiana Clouthier. Mexicos economy ministry has said that it will begin talks with its trading partners. The United States Trade Representative is reviewing the findings and evaluating further steps, according to spokesperson Hodge. A separate USMCA debate over energy pits the US and Canada against Mexico. Read More..

B2B Tech News | 2 years ago        

Rising Demand for Inspection Tasks Will Fuel Growth in the $9.7 Billion Global Inspection Management Software Market to 2031.

The global inspection management software market is estimated to increase at a compound annual growth rate CAGR of 12.00% from $5.56 billion in 2021 t

The global inspection management software market is estimated to increase at a compound annual growth rate CAGR of 12.00% from $5.56 billion in 2021 to $6.23 billion in 2022. SAP, Oracle, Siemens AG, Dassault Systemes, Ideagen Plc, Autodesk, and Intelex Technologies are among the markets key participants. Inspecting Management Software helps organisations follow health and safety laws. In 2021, North America will be the leading region in the inspection management software market. The growing demand for inspection duties such as scheduling, checklists, documenting outcomes, and following actions will drive the industry forward. Read More..

B2B Tech News | 2 years ago        

In Digitails backyard, Atomico burys $11 million in bones.

In a Series A investment round, Digitail has raised $11 million to expand operations in the US and Canada. The technology helps veterinarians in a var

In a Series A investment round, Digitail has raised $11 million to expand operations in the US and Canada. The technology helps veterinarians in a variety of ways by automating tedious administrative procedures. The market for pet care was estimated to be worth $199 billion as of late October of last year, and by 2031 it is anticipated to be worth $338.5 billion. Digitail reports that veterinarians are busier than ever, treating 30+ pets every day on average, or one every fifteen minutes. Because of this, vets are three and a half times more likely to commit suicide than the general population, in addition to experiencing increased levels of burnout. Around 1.4 million pets are served by over 750 clinics using Digitails solution globally. Read More..

B2B Tech News | 2 years ago        

A report claims that in 2022, startups in the Middle East, Africa, Pakistan, and Turkey raised $7.2 billion.

Despite socioeconomic and geopolitical uncertainties, startups across the Middle East, Africa, Pakistan, and Turkey raised $7.2 billion through 1,473

Despite socioeconomic and geopolitical uncertainties, startups across the Middle East, Africa, Pakistan, and Turkey raised $7.2 billion through 1,473 deals last year, according to a report by data platform Magnitt.  According to studies, a decline in the value of latestage mega agreements caused the funding value to decline by 2% annually. According to Magnitt data, FinTech dominated both investment and deal volume in the MEAPT region. In 2022, the funding for the industry totaled $2.25 billion across 351 acquisitions. Four of the regions 13 megadeals, including Bahrains $110 million Rain transaction and Saudi Arabias $100 million Tamara contract, were closed by the fintech industry last year, according to the research. In terms of startup, Turkey was the regions MEAPT leader. Read More..

B2B Tech News | 2 years ago        

Toddle, an education technology startup, secures $17 million from Sequoia Capital India and others.

Toddle, an edtech SaaS software as a service startup, announced a $17 million funding round led by Sequoia Capital India on January 10. This comes as

Toddle, an edtech SaaS software as a service startup, announced a $17 million funding round led by Sequoia Capital India on January 10. This comes as B2C businesstocustomer K12 kindergarten through standard 12 online edtech startups in India face postpandemic challenges. TToddle is a platform for teaching and learning used by independent schools that offer IB International Baccalaureate and other progressive curricula. In FY21, the company lost Rs 0.2 crore after making Rs 1 crore in the previous fiscal. Toddle, on the other hand, has not yet made its FY22 financial statements public. Read More..

B2B Tech News | 2 years ago        

With its new barista range, Ulu Hye, a manufacturer of plantbased milk, makes a splash.

Ulu Hye, a plantbased milk brand, has announced the debut of its new barista range made from almonds, six months following its entry at Woolworths ASX

Ulu Hye, a plantbased milk brand, has announced the debut of its new barista range made from almonds, six months following its entry at Woolworths ASX WOW stores. The latest barista line is available in recyclable jars that may make three or six litres of plantbased milk depending on the size. In order to save 10 million milk cartons from the same fate, the environmentally conscious company distributes its products in recyclable jars, preventing the dumping of 800,000 containers to date. Ulu Hyes barista collection follows the companys June rollout of three flavours of its nut milk base jars in selected Woolworths supermarkets. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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