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The SA Reserve Bank confirms that the bank can process crypto exchanges

The Indian Reserve Bank in South Africa SARB is said to have given instructions to ensure that its banks can work with encryption transactions this we

The Indian Reserve Bank in South Africa SARB is said to have given instructions to ensure that its banks can work with encryption transactions this week. This is according to the International Crypto Exchange Moon. The cautious organization also apparently points out that severing ties with digital currency companies could have unintended consequences, such as reduced transparency and challenges in managing risks such as money laundering. Luno says the cryptocurrency industry has contributed to economic growth and financial inclusion in South Africa. The bank did not provide specific details about the identified risk, other than to say that its decision to close cryptocurrencyrelated accounts was due to the lack of regulation in the cryptocurrency industry. This is a positive step for the development of the industry. Read More..

B2B Tech News | 2 years ago        

SSAB takeover Astralloy in Mexico

SSAB completed the acquisition of Astralloy, a Mexican mining company, to increase its share of the Mexican market and continue to offer highquality s

SSAB completed the acquisition of Astralloy, a Mexican mining company, to increase its share of the Mexican market and continue to offer highquality steels that ensure strength. The Swedish steelmaker has demonstrated impressive growth rates in recent years and will continue to exceed expectations over the next few years. The Astralloy brand and products such as Astralloy plate, Astralloy V, and special steel have been replaced by Hardox and SSAB brand products. SSAB supplies steel to industries from automotive to construction, mining, and energy. Read More..

B2B Tech News | 2 years ago        

PhilaPort welcomes new Wan Hai Lines East Asia service

Weekly service AsiaAmericas 9 AA9 Hai Phong, Vietnam Shekou Shenzhen, Shanghai and Qingdao, China Kaohsiung, Taiwan And Balboa from Panama is headed f

Weekly service AsiaAmericas 9 AA9 Hai Phong, Vietnam Shekou Shenzhen, Shanghai and Qingdao, China Kaohsiung, Taiwan And Balboa from Panama is headed for Philadelphia. The arrival of the Wan Hai Lines AA9 service will provide shippers with a better alternative for trading with Asia. China is Pennsylvanias largest overseas export market, overtaking Germany and the UK. The record value of PA exports to China in 2021 was $3.4 billion. In 2020, Pennsylvania exported $335 million worth of goods to Taiwan. The volume of mutual trade exceeds one billion dollars. Vietnam is one of the growing economies in the world. Pennsylvanias exports to Vietnam increased significantly from $85 million in 2019 to $109 million in 2020 and $113 million in 2021. Read More..

B2B Tech News | 2 years ago        

Kenyan agricultural technology company iProcure raises $10.2 million Series B investment

Kenyan B2B agritech startup iProcure has raised $10.2 million in Series B funding to expand its presence in its current markets Kenya and Uganda and i

Kenyan B2B agritech startup iProcure has raised $10.2 million in Series B funding to expand its presence in its current markets Kenya and Uganda and into Tanzania. The company connects agricultural producers and distributors with local retailers agridealers through a unique distribution infrastructure that connects the agricultural supply chain. iProcure provides agricultural dealers with an Enterprise Resource Planning ERP system that can be accessed via a mobile device. It helps you manage devices and their sources and distributions. By supporting inventory management, agtech will ultimately help stabilize product prices for the benefit of retailers and end consumers, and retailers can now source directly from certified manufacturers and distributors, making this the technology standard. This will help increase the penetration rate of the following consumables. iProcure currently connects 5,000 pesticide dealers with various manufacturers and expects this number to grow as more partn Read More..

B2B Tech News | 2 years ago        

Japanese DTx developer CureApp receives $51 million investment from Carlyle

Japanese medical technology company CureApp has received a 7 billion yen $51.4 million investment from global investment firm Carlyle as part of a str

Japanese medical technology company CureApp has received a 7 billion yen $51.4 million investment from global investment firm Carlyle as part of a strategic partnership. This funding will support the launch of CureApps prescription DTx apps for the treatment of hypertension and accelerate the development of DTx apps in development. The Cure app was approved by Japans Ministry of Health, Labor and Welfare as a DTx app for hypertension in April. Read More..

B2B Tech News | 2 years ago        

Egypt Launches LowCost Airline Air Sphinx

Egypt is set to launch another airline later this year, Air Sphinx. CNBC Arabia reported that a new lowcost airline is working to revitalize the airli

Egypt is set to launch another airline later this year, Air Sphinx. CNBC Arabia reported that a new lowcost airline is working to revitalize the airline industry and boost profits after EgyptAir suffered massive losses during the pandemic. In addition, according to Elhamy ElZayat, the former head of the Egyptian Tourism Federation, it will increase the flow of tourism to and from Egypt. Air Sphinx will operate from the citys Sphinx Airport on October 6, he added. Egyptbased Elsewedy Electric has signed a contract with Germanys Deutsche Bahn International Operation to operate and maintain Egypts highspeed rail network. Read More..

B2B Tech News | 2 years ago        

Aero Raises $65M for SemiCivil Airline.

Aero Technologies raised $65 million, $50 million of which was in a Series B funding round. The company operates the 16passenger Embraer 135 regional

Aero Technologies raised $65 million, $50 million of which was in a Series B funding round. The company operates the 16passenger Embraer 135 regional jet and the 13passenger Legacy 600 jet. In the United States, currently, the most popular routes are from Los Angeles to Aspen and Los Cabos. The average rate on the company line is about $1,700. Subramanian says word of mouth has been a major driver of his business, as is his partnership with upscale membership clubs and hotel chains. Because Aero tends to own jets, the company plans to use the new funds to further expand into other markets. Read More..

B2B Tech News | 2 years ago        

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According to the RBI, inflation is still above the target level and may call for action. The most heartening development, according to the report, was

According to the RBI, inflation is still above the target level and may call for action. The most heartening development, according to the report, was the decrease in inflation in July. While the first quarter of 2019 will see inflation within the 6% tolerance band, bringing it below 4% would be a more difficult task. The State of the Economy report, which was coauthored by deputy governor Michael Patra, stated that the reduction in inflation in July was the most heartening development and has proven the RBIs theory that inflation peaked in April 2022. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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