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Kenyas current currency shortage is selfinflicted

As the gap between Kenya’s exports and imports continues to widen, the country’s trade deficit stands at 1 trillion. Kenya earns foreign currency

As the gap between Kenya’s exports and imports continues to widen, the country’s trade deficit stands at 1 trillion. Kenya earns foreign currency in several ways First, through the sale of domestically produced goods to foreign markets exports. Second, remittances to citizens working abroad and their relatives. Third, tourists visit the country and spend their foreign currency within the country. Instead, they focus on things they’re great at creating, like Kanye West albums or SpaceX rockets. When CBK Governor Patrick Njoroge took office in mid2015, currency holdings rose from $ 96 to $ 107 in nominal terms. This blew up the bubble, allowing the government to increase the foreign debt by issuing Eurobonds with $ 5.1 billion over the period. Read More..

B2B Tech News | 2 years ago        

Why Natural Gas Inventories Outperform Oil Inventories

The Energy Select Sector SPDR ETF NYSEMKT XLE has lost 7.4% over the past month and seen its yeartodate returns fall to 24.9%. The oil services counte

The Energy Select Sector SPDR ETF NYSEMKT XLE has lost 7.4% over the past month and seen its yeartodate returns fall to 24.9%. The oil services counterpart, iShares U.S. Oil Equipment & Services ETF NYSEARCA IEZ has fared even worse, losing 12.3% over 30 days and seeing its YTD returns trimmed to just 8.7%. Cheniere Energy, Inc. NYSE LNG is an energy infrastructure company that primarily engages in liquefied natural gas LNG related businesses in the United States. In March, the DoE approved extended permits for Cheniere Energys Sabine Pass terminal in Louisiana and the Corpus Christi plant in Texas. The approvals allow the terminals to export the equivalent of 0.72 billion cubic feet of LNG per day to countries with a free trade agreement. Read More..

B2B Tech News | 2 years ago        

The debate over energy supply in Germany pits consumers against industry

Germany is preparing for a potential energy crisis, while Europes largest economy is preparing to shut off gas taps to Russia. Gazprom, a Kremlincontr

Germany is preparing for a potential energy crisis, while Europes largest economy is preparing to shut off gas taps to Russia. Gazprom, a Kremlincontrolled gas exporter, has reduced its flow to Germany by 60% through its critical pipeline Nord Stream 1. Germany accuses Russia of arming energy exports in its conflict with the West. The country is worried that the conduit will not be online again until Thursday after the repairs are finished. If this happens, Germany will not fill its gas tank until winter. Read More..

B2B Tech News | 2 years ago        

Cisco sees huge opportunities as India moves to 5G

Daisy Chittilapilly, president of Cisco India and SAARC, said that 5G is the most exciting technologybased program India has adopted. The government h

Daisy Chittilapilly, president of Cisco India and SAARC, said that 5G is the most exciting technologybased program India has adopted. The government had large technologyfocused programs, including BharatNet, civilian WiFi, and defense modernization projects. According to Chittilapilly, business security has returned to the Cisco calendar at the board level. He cited a report that predicts a deficit of 1.41.9 million technology experts in India by 2026. Cisco aims to respond with an innovationfocused talent acquisition strategy. Read More..

B2B Tech News | 2 years ago        

AEMO wants emergency gas powers to boost Victoria’s supply, but will it help?

The move is primarily aimed at bolstering Victorias supply, but its impact will be felt across Australias east coast. Until relatively recently, Victo

The move is primarily aimed at bolstering Victorias supply, but its impact will be felt across Australias east coast. Until relatively recently, Victoria was the main supplier – and user – of gas in eastern Australia. Its dominance lay in the discovery of gas fields off Victoria in the 1960s, which led to a wave of industrial development. According to Australias energy regulator, Victorias gas reserves are expected to run out by 2023 and the company will become an importer of fuel. Pressure from financiers and investors to move away from fossil fuels is depriving companies of the money needed to develop oil and gas. The largest source of gas in Australia today in Queensland, which accounts for more than threequarters of all gas produced in Eastern Australia. Read More..

B2B Tech News | 2 years ago        

South African, Kenya Airways has signed a codejoining agreement

South African Airways and Kenya Airways have signed a codesharing agreement for flights to and from their respective countries. The deal, effective im

South African Airways and Kenya Airways have signed a codesharing agreement for flights to and from their respective countries. The deal, effective immediately, will see each airline sell the other’s flights under its own code. The deal gives travelers from South Africa more options to fly to African destinations including Nairobi, Dar es Salaam, Entebbe, Mombasa and Kisumu. The development of this partnership will include Zanzibar, Kilimanjaro, Juba, Dola, Lusaka, Ghana and Nigeria subject to government approval. KQ is a member of Sky Group, the second largest airline network belonging to the Star Alliance of South Africa, the largest airline club with 28 members. Read More..

B2B Tech News | 2 years ago        

Oil company Aker BP plans to increase its dividend in the second half of this year after positive quarterly results

Earnings before interest, taxes, depreciation, and amortization EBITDA for AprilJune rose to $ 1.75 billion from $ 855 million a year ago. The company

Earnings before interest, taxes, depreciation, and amortization EBITDA for AprilJune rose to $ 1.75 billion from $ 855 million a year ago. The company recently bought Norwegian assets from Swedens Lundin Energy in a cashandstock deal. Norway is the second largest energy supplier in Europe after Russia. High oil and gas prices contributed to strong cash flow, allowing us to complete the Lundin transaction without adding new debt while improving our credit ratings, said CEO Karl Johnny Hersvik in a statement. Read More..

B2B Tech News | 2 years ago        

Digital Health Market to grow by USD 207.34 billion by 2025, Use of AI in Digital Health is a Major Trend to Fuel the Market Growth

From 2020 to 2025, the digital healthcare industry is expected to grow to $ 207.3 billion at a CAGR of 20.16%. A major trend supporting the expansion

From 2020 to 2025, the digital healthcare industry is expected to grow to $ 207.3 billion at a CAGR of 20.16%. A major trend supporting the expansion of the digital healthcare market is the use of artificial intelligence in healthcare. North America accounted for 46% of market growth during the forecast period. Alphabet Inc., Apple Inc., Cisco Systems Inc., General Electric Co., International Business Machines Corp., Koninklijke Philips N.V., McKesson Corp., Qualcomm Inc., Samsung Electronics Co., Ltd. and Siemens Healthineers AG are just a few of the market vendors covered in the Digital Health Market report. Read More..

B2B Tech News | 2 years ago        



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