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South Africas business chamber is concerned about the negative effects of the electricity shortage

On Thursday, the South African Chamber of Commerce and Industry SACCI voiced alarm about the amount of hours the nation goes without electricity, clai

On Thursday, the South African Chamber of Commerce and Industry SACCI voiced alarm about the amount of hours the nation goes without electricity, claiming it has a negative impact on commerce and economic development. The nation has been dealing with inconsistent power supply, and on Wednesday Eskom, the power company, declared that the nation would enter level six load shedding, which entails a day without energy for around six hours. Read More..

B2B Tech News | 2 years ago        

Line Parent’s VC Firm Leads $2.3m Funding For Korean ETF Startup

Akros Technologies, a South Koreabased fintech company, has raised $2.3 million in a strategic funding round. The fundraising was led by ZVC, the inve

Akros Technologies, a South Koreabased fintech company, has raised $2.3 million in a strategic funding round. The fundraising was led by ZVC, the investment arm of Z Holdings, the parent company of Line Corporation. Akros Technologies plans to use the new funding to broaden its investment products and partner with more financial institutions for its PMaaS solution. Read More..

B2B Tech News | 2 years ago        

Argentina calls on EU to renegotiate trade deal with South America

Argentinas President Alberto Fernandez has asked the European Union to renegotiate a landmark trade agreement with South America, claiming that the ag

Argentinas President Alberto Fernandez has asked the European Union to renegotiate a landmark trade agreement with South America, claiming that the agreement is unbalanced and a threat to the car industries in both Brazil and Argentina, according to the Financial Times.  What we need to do is sit down and look at how we can reach an agreement on a more realistic basis, Fernandez was quoted as saying at the Financial Times Global Boardroom conference. In 2019, the European Union and the South American bloc Mercosur agreed to a free trade treaty, capping two decades of negotiations and committing to more open markets in the face of rising protectionism. Read More..

B2B Tech News | 2 years ago        

Confectioner Ferrero Acquires Owners of Halo Top, Expanding North American Business

Ferrero, a manufacturer of candies, is purchasing Wells Enterprises, the maker of Blue Bunny, Blue Ribbon Classics, and Halo Top ice cream. Early 202

Ferrero, a manufacturer of candies, is purchasing Wells Enterprises, the maker of Blue Bunny, Blue Ribbon Classics, and Halo Top ice cream. Early 2023 is the projected closing date for the deal. Kinder, Tic Tac, and Nutella are already part of the Ferrero repertoire, but for the past five years, the European brand has been aggressively expanding into North America. The retail sales of chocolate and other candies reached a record $36.9 billion last year, according to the National Confectioners Association. Wells Enterprises, which was established in 1913, is now the secondlargest ice cream manufacturer in the United States, behind only Ben & Jerrys owner Unilever. Wells employs more than 4,000 people and produces more than 200 million gallons of ice cream annually. Read More..

B2B Tech News | 2 years ago        

HMC Capital launches $1 billion Last Mile Logistics fund with Sydney Mall

The first asset to launch HMC Capitals anticipated $1 billion Last Mile Logistics LML unlisted fund has been acquired. Lendleases SubRegional Retail F

The first asset to launch HMC Capitals anticipated $1 billion Last Mile Logistics LML unlisted fund has been acquired. Lendleases SubRegional Retail Fund will sell the Menai Marketplace in southern Sydney to the business for $150 million. The sale of Southlands Boulevarde to HomeCo Daily Needs REIT for $92.5 million also took place 12 kilometres south of the Perth city centre. As part of a Lendlease LML Fund strategy to reposition real estate into daily needs retailerfocused infrastructure, HDN has finished the acquisition of Southlands Boulevarde in Perth and Menai Marketplace in Sydney. The center, which has a low site coverage of 32% and is located in the Sutherland Shire, 30 km from Sydneys central business district, is anchored by a Woolworths store. Read More..

B2B Tech News | 2 years ago        

PepsiCo lays off hundreds of employees in North America

The company employs over three lakh people worldwide, with over 1.2 lakh of them based in the United States. Layoffs will be made across the companys

The company employs over three lakh people worldwide, with over 1.2 lakh of them based in the United States. Layoffs will be made across the companys North American beverage, snacks, and packaged foods businesses. Despite rising prices, PepsiCo increased net revenue by 8.8% to $21.97 billion in the JulySeptember quarter. PepsiCo has announced the layoff of 1,000 employees, representing 1% of its workforce. Thousands of employees have already been laid off at Walmart, Ford, Netflix, and Tesla. Read More..

B2B Tech News | 2 years ago        

AD Ports Group signs a cooperation agreement with Africa Finance Corporation

An agreement for cooperation between the Africa Finance Corporation and AD Ports Group has been struck. Together, the two organisations will look for,

An agreement for cooperation between the Africa Finance Corporation and AD Ports Group has been struck. Together, the two organisations will look for, finance, and build infrastructure projects across Africa. AFC has contributed more than US$ 10 billion to infrastructure initiatives throughout Africa over the past 15 years. Africa has the fastestgrowing economies in the world, which calls for the construction of new ports and maritime infrastructure. In order to assist African countries in creating cuttingedge trade centres that can handle the expanding volume of marine trade, the UAE and AD Ports Group have inked a cooperative agreement. Read More..

B2B Tech News | 2 years ago        

Angola promotes business with Africa, the Caribbean and the Pacific

Manuel Nunes Junior, the minister of State for Economic Coordination, made the point on behalf of the government that the nation is not only seeking f

Manuel Nunes Junior, the minister of State for Economic Coordination, made the point on behalf of the government that the nation is not only seeking financial resources and cuttingedge technology, but also the knowhow required to diversify and swiftly and effectively boost domestic production of goods and services. The idea was made by Nunes Junior at a business event that was held in conjunction with the Organization of African, Caribbean, and Pacific States 10th Summit, whose proceedings will culminate on Saturday. He claims that during the past five years, authorities have made significant efforts to make Angola a desirable location for both domestic and foreign businesses. Read More..

B2B Tech News | 2 years ago        



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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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