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Starlink Secures Major Deals with Airtel & Jio to Bring Satellite Internet to India

To launch Starlink satellite internet services throughout India, Elon Musks SpaceX has reached agreements with Bharti Airtel and Reliance Jio, two of

To launch Starlink satellite internet services throughout India, Elon Musks SpaceX has reached agreements with Bharti Airtel and Reliance Jio, two of the nations top telecom providers. Depending on regulatory approval, Bharti Airtel and SpaceX intend to work together to deliver Starlinks highspeed internet to remote areas, schools, businesses, and health facilities. Reliance Jio will also distribute Starlink equipment through its sizeable retail network to improve internet coverage nationwide. In addition to putting Starlink in a competitive position in a sector expected to grow dramatically over the next several years, these agreements seek to close the digital divide in India, especially in underserved areas. Both partnerships await final government approval before Starlink can start operations in India. Read More..

B2B Tech News | 2 months ago        

Mauritius Seeks DTAC Amendments with India to Revive Investment Flows

Mauritius is aggressively revising its Comprehensive Economic Cooperation and Partnership Agreement and Double Taxation Avoidance Convention DTAC with

Mauritius is aggressively revising its Comprehensive Economic Cooperation and Partnership Agreement and Double Taxation Avoidance Convention DTAC with India to regain its position as a preferred investment channel. Inflows of foreign direct investment from Mauritius to India have drastically decreased since the 2016 treaty modification, according to Foreign and Trade Minister Dhananjay Ramful. In addition to establishing Mauritius as a conduit for Indian investors aiming to access African markets, the proposed revisions seek equivalency with Singapores accords. Unresolved points in the DTAC negotiations are still being discussed, and a second joint committee session is scheduled to address trade imbalances and tax difficulties. Mauritius has historically been a significant foreign direct investment FDI source into India, directing USD 175 billion since 2000, or 25% of all FDI inflows into India. Read More..

B2B Tech News | 2 months ago        

Ghana’s Economic Growth Slows to 3.6% in Q4 as Industry Sector Stalls

The industry sector trailed behind with a mere 0.2% gain, causing Ghanas economic growth to decrease to 3.6% yearoveryear in Q4 2024 from 7.5% in Q3.

The industry sector trailed behind with a mere 0.2% gain, causing Ghanas economic growth to decrease to 3.6% yearoveryear in Q4 2024 from 7.5% in Q3. Agriculture increased 2.9%, and the services sector to 6.3%, bringing the years GDP growth to 5.7%. Challenges in the cocoa and gold industries have made the nations recovery from a severe economic catastrophe even more difficult. For the second consecutive month, inflation decreased from 23.5% in January to 23.1% in February, but it is still far above the central banks objective of 8%. Since retaking office in January, President John Dramani Mahama has promised to reduce taxes and spending to increase investment and accelerate economic growth. Read More..

B2B Tech News | 2 months ago        

Standard Chartered Launches Exclusive Private Markets Club for UltraRich Investors

Standard Chartered established the Private Markets CoInvestment Club CIC under its worldwide private banking division to serve ultrahighnetworth inves

Standard Chartered established the Private Markets CoInvestment Club CIC under its worldwide private banking division to serve ultrahighnetworth investors looking for institutionalgrade private market portfolios. By providing members with institutionalgrade due diligence, transaction support, and fast execution, the bank hopes to satisfy the rising demand for alternative investments. Standard Chartereds global head of private banking and affluent customers, Raymond Ang, highlighted how wealthy people move away from traditional investing and into private markets. The bank has teamed up with Ardian, a private investment group, to improve the platform. The action further solidifies Standard Chartereds position in wealth management. It is consistent with the more significant trend of highnetworth investors looking for unique, superior opportunities in private markets. Read More..

B2B Tech News | 2 months ago        

CoreWeave Secures $11.9B OpenAI Deal, Eyes $35B IPO Valuation

To strengthen its position before going public, Nvidiabacked AI firm CoreWeave has inked a fiveyear, $11.9 billion deal with OpenAI to supply AI infra

To strengthen its position before going public, Nvidiabacked AI firm CoreWeave has inked a fiveyear, $11.9 billion deal with OpenAI to supply AI infrastructure. During its initial public offering, OpenAI will receive $350 million in CoreWeave shares through a private placement as part of the agreement. CoreWeave was established in 2017 and is a competitor to AWS and Microsoft Azure, specialising in highperformance AI computing. Despite a rise in revenue to $1.92 billion, its net losses increased to $863.4 million in 2024. Blackstone is one of the primary investors in the company, which has raised around $14.5 billion in capital. CoreWeaves IPO, which is led by Morgan Stanley, JPMorgan Chase, and Goldman Sachs, is expected to list on the Nasdaq with the symbol CRWV and aim for a valuation of at least $35 billion. Read More..

B2B Tech News | 2 months ago        

Absa Group Reports 10% Profit Growth as Credit Impairments Decline

Because fewer retail credit impairments occurred in its native market, South African lender Absa Group recorded a 10% increase in yearly earnings. Gha

Because fewer retail credit impairments occurred in its native market, South African lender Absa Group recorded a 10% increase in yearly earnings. Ghana, Kenya, Zambia, the United Kingdom, and the United States are among the 16 countries where the bank operates. In 2023, it reported headline earnings per share of 26.62 rand. Net interest income climbed 4% to 71 billion rand, driven by a 7% increase in loans and a 12% increase in deposits, while revenue rose 5% to 109.9 billion rand $6 billion. Charges for credit impairment decreased 8% to 14.3 billion rand, while noninterest income increased 6%. Absa also announced a final dividend of 775 cents per share, helped by rate reductions and collection measures. Read More..

B2B Tech News | 2 months ago        

India, EU to Hold 10th Round of FTA Talks in Brussels from March 1014

The tenth round of Free Trade Agreement FTA negotiations between India and the EU will take place in Brussels from 10 March to 14 to resolve significa

The tenth round of Free Trade Agreement FTA negotiations between India and the EU will take place in Brussels from 10 March to 14 to resolve significant concerns and conclude the agreement before the end of the year. While tackling regulatory obstacles, discussions will centre on lowering tariffs on EU goods such as wine and cars. The possible threats of U.S. tariffs under Donald Trump have made the situation more urgent. The EUs Carbon Border Adjustment Mechanism, which may increase exporters costs, is one of Indias worries. In light of changing global dynamics, the EU, Indias biggest trading partner, views the FTA as essential for bolstering economic ties and broadening trade alliances. Both parties are still dedicated to overcoming obstacles and expanding their commerce with one another. Read More..

B2B Tech News | 2 months ago        

AFC Seeks Middle East and Asian Funding to Boost African Investments

Amidst shifting geopolitical and financial environments, the African Finance Corporation AFC is stepping up efforts to mobilise local funds for invest

Amidst shifting geopolitical and financial environments, the African Finance Corporation AFC is stepping up efforts to mobilise local funds for investment throughout the continent while pursuing finance from the Middle East and Asia. Samaila Zubairu, the CEO of AFC, highlighted the importance of opening up institutional investments and African pension funds, projecting that $15–$20 billion may eventually be raised. Given the decline in Western aid, AFC intends to carefully increase its investments, prioritising initiatives that draw in coinvestors. Similar initiatives are scheduled to debut in Botswana, Angola, and Kenya. Initiatives such as InfraCredit in Nigeria have already attracted significant pension fund investments into infrastructure. Meanwhile, AFCbacked industrial initiatives like ARISE Integrated Industrial Platforms are attracting interest from investors in the Gulf and Europe. Read More..

B2B Tech News | 2 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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