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Watchdog punishes Unilever Kenya for unfair trade deals

The Kenya Competition Authority CAK fined Unilever for changing payment terms with tens of its suppliers. An investigation revealed that the firm prey

The Kenya Competition Authority CAK fined Unilever for changing payment terms with tens of its suppliers. An investigation revealed that the firm preyed on smaller traders. According to three people familiar with the ruling, the consumer behemoth abused its purchasing power. It increased the payment terms for its 75 suppliers, the majority of whom were local traders, from 60 days to three months. Unilever has been ordered by the Consumer Affairs Commission CAK to reduce the repayment period for a supplier to between 30 and 45 days. The watchdog also ordered the consumer giant to spend more than Sh400 million on local supplies over the next three years. Read More..

B2B Tech News | 9 months ago        

Tencent Cloud partners with Nexon to launch a Metaverse platform

Tencent RealTime Communications TRTC, which enables ingame item trading and realtime video conferencing, is used by Nexontown to connect players. The

Tencent RealTime Communications TRTC, which enables ingame item trading and realtime video conferencing, is used by Nexontown to connect players. The virtual worldbased objects and characters from Nexons online games are used by players to engage with one another. With the help of features like strong resistance, Nexontown is able to support packet loss rates of up to 80% for audio and 50% for video. Read More..

B2B Tech News | 9 months ago        

The United States announces $2.5 billion in food aid to Africa

Africa, which is dealing with a more severe and complicated food crisis than ever before, is receiving billions of dollars in new humanitarian help, a

Africa, which is dealing with a more severe and complicated food crisis than ever before, is receiving billions of dollars in new humanitarian help, according to U.S. President Joe Biden, who made the announcement on Thursday. The White House announced in a statement that the United States has pledged an additional $2.5 billion in emergency assistance as well as medium to longterm food security assistance for robust African food systems and supply markets. On the final day of a threeday conference in Washington with African leaders from 49 countries and the African Union, Biden stated that we are facing a worldwide food crisis, and nowhere is it felt more deeply than on the African continent. Read More..

B2B Tech News | 10 months ago        

Mint targets Australian opportunity with $300 million investment

With an initial $300 million investment, Mint Renewables, a majorityowned clean energy platform owned by New Zealandbased infrastructure investor Infr

With an initial $300 million investment, Mint Renewables, a majorityowned clean energy platform owned by New Zealandbased infrastructure investor Infratil, has become a new player in the Australian renewable energy market. Mint Renewables will examine opportunities for wind, solar, and energy storage USD 203 million. Together with an initial capital commitment of $300 million, Mint Renewables was founded by the New Zealand company Infratil and the Australian government pension fund Commonwealth Superannuation Corporation CSC. The platform will invest the funds over the course of the following three to five years. It is nice to work with CSC once more, this time in their home market. Read More..

B2B Tech News | 10 months ago        

Virgin Atlantic launches first netzero transatlantic flight

The first aircraft to cross the Atlantic using exclusively sustainable aviation fuel will take off the following year, a significant achievement that

The first aircraft to cross the Atlantic using exclusively sustainable aviation fuel will take off the following year, a significant achievement that the industry believes will spur more investment in the emerging technology. According to the UK government, the use of the fuel would make the Virgin Atlantic Boeing 787 test flight between Heathrow, London, and John F Kennedy airport, New York, the first transatlantic flight to achieve net zero emissions. Utilizing these fuels can cut carbon emissions by almost 70%. In addition to pledging £165 million to speed up the commercialization of SAF plants, the UK contributed a symbolic £1 million to supporting the Virgin flight. Additionally, it has established a requirement that 10% of jet fuel must originate from sustainable sources by Read More..

B2B Tech News | 10 months ago        

Basecamp Research raises $20 million Series A to design protein products that reflect the worlds biodiversity

Today, Systemiq Ventures, a climate investor, announced a $20 million Series A fundraising round for a firm that builds protein products using the wor

Today, Systemiq Ventures, a climate investor, announced a $20 million Series A fundraising round for a firm that builds protein products using the worlds largest knowledge network of natural biodiversity. The round also included participation from Valo, Blue Horizon, True Ventures, and Hummingbird Ventures, bringing Basecamp Researchs total fundraising to date to $30M. Basecamp creates protein products that give R&D teams new starting points, enable the identification of previously undiscovered proteins, and test the most promising candidates. The largest protein code database in the world has been created by Basecamp, and it is being used to train a proprietary stack of graph learning algorithms. Local partners, referred to as guardians, receive a portion of client royalties through Basecamps distinctive benefitsharing approach. Read More..

B2B Tech News | 10 months ago        

Politically sanctioned deal boosts Venezuelas oil production

The authorities in Caracas announced last week that the countrys oil exports had surpassed those of the previous month though overall production still

The authorities in Caracas announced last week that the countrys oil exports had surpassed those of the previous month though overall production still remained anchored below the 2021 average, just days after the administration of President Joe Biden made the decision to allow US oil major Chevron to return to Venezuela to add its technical weight to the boosting of the countrys oil industry. The nations oil exports totaled 619,300 barrels in the past month, which pales in comparison to the heyday of oil exports when the nation was said to have the greatest known oil deposits in the entire world. Read More..

B2B Tech News | 10 months ago        

Canadian discounter Zellers hopes to lure shoppers with nostalgia

Except for a few, most Zellers locations closed in 2013. All Zellers stores were closed by 2020. The discount retailer will be revived, according to

Except for a few, most Zellers locations closed in 2013. All Zellers stores were closed by 2020. The discount retailer will be revived, according to Hudsons Bay Company, which bought the name in 1973. The company is hoping that the positive memories Canadians have of the brand would encourage them to purchase there again. In Canada, Zellers had 350 locations by 1999. However, the rise of Walmart and the popularity of internet shopping had harmed Zellers, and by 2011, the company was forced to sell its final 189 stores to Target, another American retailer looking to expand into Canada. Read More..

B2B Tech News | 10 months 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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