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BUSINESS NEWS

An African startup going global is exemplified by InstaDeeps acquisition.

BioNTech, Germanys largest vaccine manufacturer, announced in January that it had agreed to buy Londonbased AI startup InstaDeep for £562 million. Th

BioNTech, Germanys largest vaccine manufacturer, announced in January that it had agreed to buy Londonbased AI startup InstaDeep for £562 million. The transaction is subject to regulatory approval and is expected to close in the first half of 2018. It will be the largest acquisition involving an African or Africanfocused startup in history. Because of its ambition to become a global company, InstaDeep relocated its headquarters from Tunis to London. InstaDeep has shown that an African company with African talent can successfully serve clients all over the world. The firm employs 240 people in Tunis, London, Lagos, Dubai, Berlin, Cape Town, Paris, Boston, and San Francisco. Read More..

B2B Tech News | 1 months ago        

South Africas energy situation is not exceptional, says the government

Mondli Gungubele has assured South Africans that the government is finally taking action to address the countrys 15yearlong energy crisis. Load sheddi

Mondli Gungubele has assured South Africans that the government is finally taking action to address the countrys 15yearlong energy crisis. Load shedding has been a feature of South African life since 2007, and the government has done nothing to improve the situation in the last 15 years. When power utility Eskom was forced to implement stage 6 load shedding in 2022, the government was thrown into crisis mode. These include removing licencing requirements for generation projects to encourage private investment and rebuilding Eskoms technical capacity. Work is being done to enable the construction of substantial new generating capacity, such as solar panels on residential and commercial roofs. Read More..

B2B Tech News | 1 months ago        

$12 million Series B is ordered by FoodByUs and is led by Base Capital.

The $12 million Series B fundraising round for Sydneybased FoodByUs, a wholesale hospitality marketplace, has now been closed. Base Capital, a major i

The $12 million Series B fundraising round for Sydneybased FoodByUs, a wholesale hospitality marketplace, has now been closed. Base Capital, a major international venture capital firm, led the deal. According to the business, the Series B followed a extraordinary period of growth, which included record monthly revenue and a 200 percent increase in suppliers on the website. With the opening of a wholesale food marketplace, FoodByUs enters its next chapter of growth. FoodByUs has helped independent restaurants and cafés save about $16 million in prices and 2,643,750 hours of ordering time just in the last two years. F J Labs, Trawalla Group, and Macquarie Capital, which has supported the company since its start, are among the sponsors. Read More..

B2B Tech News | 1 months ago        

Forwarders digest for Maersk North America for January 2023.

The Maersk Communications Team investigated the most recent predictions for the coming year. Here are some key trends to keep an eye on and plan for i

The Maersk Communications Team investigated the most recent predictions for the coming year. Here are some key trends to keep an eye on and plan for in the coming year. There has never been a greater need for domestic and international freight forwarders to be resilient. In 2023, sustainability will remain a key freight forwarding industry trend. 71% of global consumers are making changes to live more sustainably and purchase more sustainable products. Over the next few years, the global digital freight forward market is expected to grow at a 23% annual rate. Read More..

B2B Tech News | 1 months ago        

On a framework to rebalance their alliance, Renault and Nissan agree.

Renault Group and Nissan have reached an agreement on a basic framework for rebalancing their decadesold partnership. Renault will reduce its controll

Renault Group and Nissan have reached an agreement on a basic framework for rebalancing their decadesold partnership. Renault will reduce its controlling stake in Nissan from 43 percent to 15 percent, while Nissan will participate in a new Renault electric vehicle spinoff. An announcement could come as soon as February 6. Nissan will invest in Ampere, a proposed Renault spinoff that will house the French automakers EV and software operations. The spinoff will primarily focus on developing and selling fullelectric vehicles that meet stringent European emissions regulations. More equality could usher in a new era dubbed Alliance 2.0 by some. Read More..

B2B Tech News | 1 months ago        

For its first buildtorent project in Australia, Lendlease collaborates with QuadReal in Brisbane.

Lendlease has a $28 billion BTR pipeline and has completed over 2,600 apartments in the sector worldwide. The partnerships plans for Brisbane include

Lendlease has a $28 billion BTR pipeline and has completed over 2,600 apartments in the sector worldwide. The partnerships plans for Brisbane include 443 buildtorent units on 37 levels, with a mix of studio, one, two, and threebedroom apartments. Lendlease is currently planning to build 1,500 residentialforrent apartments in Chicago, New York, and London. Last November, the Vancouverbased company broke ground on a 37level project in Toronto for 1,000 renters. The Brisbane development will provide residents with premium amenities and communal spaces, such as a 25metre lap pool with a beach edge and podcast and music recording studios. Read More..

B2B Tech News | 1 months ago        

To increase its presence in South Asia, The Economist partners with Mint.

The Economist Group UK, publisher of The Economist, and HT Media, publisher of Mint, have formed a multiyear partnership to bundle their premium busin

The Economist Group UK, publisher of The Economist, and HT Media, publisher of Mint, have formed a multiyear partnership to bundle their premium business subscriptions. The agreement will give Mints premium subscribers access to The Economists global analysis, as well as The Economist access to Mints growing subscriber base. According to Puneet Jain, CEO of HT Digital Streams, a wholly owned subsidiary of HT Media, the collaboration will result in mutual benefits for the publishers. Users of Mint are among the most discerning readers who are interested in India and the world. The Economist, based in London, is a news magazine with a growing presence in AsiaPacific. Read More..

B2B Tech News | 1 months ago        

Will a European ban on Russian diesel increase fuel prices worldwide?

The European Union ban goes into effect on February 5, following its embargo on coal and most Russian oil. Diesel prices have already risen since the

The European Union ban goes into effect on February 5, following its embargo on coal and most Russian oil. Diesel prices have already risen since the start of the Ukraine war, and they may rise again. Europe could look for new sources, such as the United States, India, or Middle Eastern countries. According to the EUs top energy official, markets have had time to adjust since the ban was announced in June. Europeans appear to have stocked up on Russian diesel ahead of the deadline, as imports increased last month. US suppliers have increased supplies to record levels, increasing from 34,000 barrels per day at the start of 2022 to 237,000 in January. Read More..

B2B Tech News | 1 months ago        



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