BUSINESS NEWS
Cartona, an Egyptian B2B platform, raises $12 million to fund growth
Cartona, a B2B trade market platform, has declared the successful closing of its $12m Series A fundraise. The round was led by Silicon Badia – the v
Cartona, a B2B trade market platform, has declared the successful closing of its $12m Series A fundraise. The round was led by Silicon Badia – the venture capital firm investing in global technology entrepreneurs, with active participation from existing investors. Proceeds will be utilized as turbocharge Cartonas expansion across Egypt – to cover all governorates, grow its product, technology, and services – and explore new verticals beyond FMCG. Silicon Badia has raised $8.5m in Series A funding for Cartona, the first investment of SANAD ESF II in Egypt, continuing the success of ESF I investments made in the country. By providing both financing and software tailored to the market, Cartonas digital platform is supporting innovative MSME retailers across Egypt. There are over 400,000 shops and thousands of international and local brands across Egypt, with the sector growing annually by 8 percent. B2B Tech News | 2 years ago
Microsoft partners with nonprofit Generation Australia to boost tech industry with diverse new talent
Generation Australia is the local arm of the global nonprofit organization Generation. Its mission is to help build careers for people who are unemplo
Generation Australia is the local arm of the global nonprofit organization Generation. Its mission is to help build careers for people who are unemployed, underemployed, or need to upskill or crossskill.To reach the goal of 1.2 million Australians working in technology jobs by 2030, the country will need to fill 653,000 new positions. Recruitees are typically people displaced by the pandemic or those who have worked in IT and were born overseas, are neurodivergent, career changers, or women who took career breaks. Suda is now an Application Development Analyst at the professional services company Accenture.As part of the program, Suda had access to a mentor and professional coaching. B2B Tech News | 2 years ago
Consumption tax for June is due on Friday, July 29
The Tax Administration Jamaica TAJ has reminded businesses that the June excise closes on Friday, July 29. This is in line with the requirement for ta
The Tax Administration Jamaica TAJ has reminded businesses that the June excise closes on Friday, July 29. This is in line with the requirement for taxpayers to submit excise tax returns each month and payments for the month following the end of the tax period. Taxpayers are advised that there are several payment options available online at www.jamaicatax.gov.jm. B2B Tech News | 2 years ago
German fintech Penta is acquired by French business banking firm Qonto
The combined company will have 300,000 customers and 900 employees as it looks to design the future of business banking. Penta has ambitions to be the
The combined company will have 300,000 customers and 900 employees as it looks to design the future of business banking. Penta has ambitions to be the finance solution of choice for one million European SMEs and freelancers by 2025. As well to France and Germany, the firm also has operations in Italy and Spain. Alexandre Prot, CEO of Qonto, says the firm has ambitions to be the finance solution of choice for one million European SMEs and freelancers by 2025. The company is looking to boost its presence in Germany having experienced strong traction in the country over 2021, with 170% yearonyear customer growth. B2B Tech News | 2 years ago
Food production Minister, stakeholders support implementation of Juncao technology
According to reports, the trio of mushroom production, land reclamation, and fodder production has demonstrated the effectiveness of Juncao technology
According to reports, the trio of mushroom production, land reclamation, and fodder production has demonstrated the effectiveness of Juncao technology. In his remarks at a national workshop, Dr. Mohammed Abubakar, the Minister of Agriculture and Rural Development, reaffirmed the technologys effectiveness. According to Amson Sibanda, a representative of Juncao in Nigeria, claimed that according to World Bank data, the global agriculture market is close to $8 trillion. Domesticating Juncao technology will advance agrobusinesses, improve nutrition, and quell youth unrest while also generating hundreds of direct and indirect jobs. B2B Tech News | 2 years ago
Telstra has been named Microsofts preferred cloud partner in a 5year partnership
Telstra has selected Microsoft as its preferred cloud provider in a fiveyear partnership that will help the telco move 90% of its workloads to the pub
Telstra has selected Microsoft as its preferred cloud provider in a fiveyear partnership that will help the telco move 90% of its workloads to the public cloud by 2025. Microsoft will be the anchor tenant for its longhaul fiber network Telstras $1.6 billion high capacity to upgrade to 55 Tbps on some links. Our partnership combines Telstras leadership in network connectivity with the breadth and depth of Microsofts cloud, said Satya Nadella, chairman and CEO of Microsoft. Telstra CEO Andy Penn said Our strategic partnership with Microsoft is unprecedented in Australia and will help Australian businesses at a time when the need to digitize and transform their operations continues wonderfully. B2B Tech News | 2 years ago
Electric Bicycle EBike Market to Grow to USD 102.97 Billion by 2029 Based on Emerging Trends, Size, Trends, Business Strategies and Forecasts by 2029.
Global Electric Bicycle EBike Market Based on Data Bridge Market Researchs 350page database with over 100 market data tables, pie charts, graphs, and
Global Electric Bicycle EBike Market Based on Data Bridge Market Researchs 350page database with over 100 market data tables, pie charts, graphs, and figures, plus an easytounderstand detailed analysis. Analysis of vendors, geographical regions, types, and applications in the report has been done very carefully. According to Data Bridge Market Research, the global electric bicycle market was valued at USD 47 billion in 2021 and will reach USD 102.9 billion by 2029, growing at a CAGR of 10.30% during the forecast period 20222029. B2B Tech News | 2 years ago
The private auction shows that Shein has lost $30 billion since April
Shein shareholders are considering cashing out ahead of the companys IPO, as the undisclosed offer in April was 30% less than its $100 billion valuati
Shein shareholders are considering cashing out ahead of the companys IPO, as the undisclosed offer in April was 30% less than its $100 billion valuation, according to Bloomberg. Slow growth and control over the Chinese fashion giants business could hurt valuations and IPO schedules. In a fundraising round earlier this year, Shane told existing investors that it plans to launch a U.S. IPO in early 2024. Shanes revenue growth has fallen to about 60% from $10 billion in 2020 to $16 billion in 2021. Meanwhile, the fastfashion business has been accused of damaging the environment, exploiting workers, and stealing copyrights. B2B Tech News | 2 years agoGet The News to use newsletter to
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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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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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