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NGX strengthens its efforts to attract young investors

The Nigerian Exchange Limited NGX has vowed to intensify efforts aimed at attracting young investors to the stock market and addressing perennial issu

The Nigerian Exchange Limited NGX has vowed to intensify efforts aimed at attracting young investors to the stock market and addressing perennial issues constituting disincentives to financial technology fintech firms. From 2014 to 2020, for instance, fintech raised about $600 million in funding, attracting 25 percent $122 million of the $491.6 million raised by African tech startups in 2019 second only to Kenya, which attracted $ 149 million.. The Nigerian Stock Exchange NGX has created a board that would focus on how to make the bourse more competitive by looking into the barriers to entry for tech firms. Chief Digital Officer, NGX, Femi Oyenuga said whilst the proliferation of digital assets presents significant challenges to the Nigerian capital market, the NGX takes an interest because proceeds from NFTs can solve climate change issues. The NGX is committed to driving the growth of sustainable financial products by integrating the financial risks and opportunities associated with Read More..

B2B Tech News | 2 years ago        

Great Wrap raises $ 24 million to eliminate plastic waste

Startup materials science Great Wrap has closed its $24 million Series A funding round. A Melbourne company makes a compostable stretch film from food

Startup materials science Great Wrap has closed its $24 million Series A funding round. A Melbourne company makes a compostable stretch film from food waste. The cofounders hope to end the worlds dependence on petroleumbased plastic packaging. It recently expanded to a new 12,000squarefoot facility in Tullamarine. Great Wrap recently moved to a new 12,000m2 factory in Tullamarine, which will produce 30,000 tonnes of the compostable stretch wrap by the end of 2023. The cost of the project was $6.41 million, of which $500,000 was borne by the state treasury. Read More..

B2B Tech News | 2 years ago        

Now ports wants to be an ally in the supply chain for trading in Latam

Alfonso De Los Ríos cofounded digital freight forwarder Nowports with Maximiliano Casal, the companys COO. Nowports recently raised $150 million in a

Alfonso De Los Ríos cofounded digital freight forwarder Nowports with Maximiliano Casal, the companys COO. Nowports recently raised $150 million in a Series C funding round, helping the Monterrey, Mexicobased company reach a $1.1 billion valuation.. The latest funding round propelled Nowports into unicorn status a startup with a value of over $1 billion, helping it become one of the most valuable startups in Mexico. The objective is to streamline the import and export processes of Latin American companies by increasing the visibility of suppliers, shipping lines, end customers, customs brokers and terminals.Nowports has operations in Mexico, Chile, Colombia, Brazil, Peru, Uruguay, and Panama and is looking for opportunities to expand overseas. Mexican financial services company, De Los Ríos, is expanding overseas as part of a larger strategy to increase its presence in North and South America. The companys CEO says there is a trend of companies moving from Asia to Latin America becau Read More..

B2B Tech News | 2 years ago        

The rise in interest rates will be advantageous for European banks.

The US Federal Reserve is expected to raise interest rates by threequarters of a percentage point, as it did last month. The Fed is struggling to calm

The US Federal Reserve is expected to raise interest rates by threequarters of a percentage point, as it did last month. The Fed is struggling to calm inflation without plunging the US economy into a painful recession. European banks are starting to publish their results this week. And FTs Ben Hall spoke to Ukraines finance minister and gives us the highlights of that interview. Credit Suisse is one of the banks weve been focusing on most recently, but well be looking to see if theres any evidence of a recovery from Credit Suisses scandals and missteps. Read More..

B2B Tech News | 2 years ago        

How FinFlx hopes to protect UAE gratuity payments in Generation Startup

The coronavirus pandemic caused difficulty as well as disruption on many levels across the world. Amr Yussifs experience of separation from his employ

The coronavirus pandemic caused difficulty as well as disruption on many levels across the world. Amr Yussifs experience of separation from his employer turned out to be the reason he started FinFlx, an endtoend gratuity management solution for small and medium enterprises. Gratuity payments are covered by UAE labor laws and the sum depends on an employees length of service and basic salary. The startup has raised $1.5 million in preseed funding from prominent investors such as YCombinator, Dubai Future District Fund, 500 Global, and Vectr FinTech. Amr Yussif was earning a significant salary when he sought to part ways with his employer and was owed a lot of money as an endofservice gratuity. Matthieu Capelle is a software engineering veteran and previously served as head of engineering at Careem Pay and chief architect at Murex. Read More..

B2B Tech News | 2 years ago        

Assistive Technology Market to Accelerate to USD 7,930 Million by 2031 at a CAGR of 7.26%

The term assistance technology refers to a broad range of apparatuses and implements that facilitate daily activities for people with disabilities. Fr

The term assistance technology refers to a broad range of apparatuses and implements that facilitate daily activities for people with disabilities. From simple to complex, devices can be anything from walkers and wheelchairs to texttospeech programs and computer keyboards. The market for assistive technology is expected to reach US$ 47,272.7 Mn by 2030, from an estimated US$ 22,208.8 Mn in 2020. Read More..

B2B Tech News | 2 years ago        

Schlumberger sees energy security as a key driver for increased activity in the second half of 2022

Schlumberger sees very robust drilling activity in the second half of 2022, underpinned by the need for energy security and urgency to provide more va

Schlumberger sees very robust drilling activity in the second half of 2022, underpinned by the need for energy security and urgency to provide more varied and reliable supply sources. Steppedup activity in the back half of 2022 will likely be marked by an acceleration of investments in basins outside North America and the continued strengthening of offshore activity. Capex increases this year versus 2021 should be in the neighborhood of around 22% globally, with about 33% from North America and 18% collectively from international regions, according to Evercore ISIs annual Global E&P MidYear Spending Outlook. The survey indicates that much of the increase will be devoted to covering a projected inflation rate of 15% to 20% in 2022 versus last year. Schlumbergers Q2 revenues totaled $6.7 billion, up 14% sequentially and 20% year on year, according to Evercores latest upstream spending survey.North American revenues were $1.54 billion, and international, $5.19 billion. Read More..

B2B Tech News | 2 years ago        

Market Statistics for Assistive Technology for Students with Learning Disabilities in Europe, Future Prospects, and Growth

The Europe assistive technology for students with learning disabilities market is divided into hardware as well as software. The software segment was

The Europe assistive technology for students with learning disabilities market is divided into hardware as well as software. The software segment was the major revenue contributor in 2020 and is anticipated to remain dominant with a CAGR of 6.8% during the forecast period. An increase in demand for assistive devices & software, a rise in several special schools, and a high prevalence of learning disabilities are expected to drive the market growth. Europe assistive technology for students with learning disabilities market is segmented into product type, condition, end user as well country. The rest of Europe accounted for 33.95% share in 2020 and is expected to remain dominant throughout the forecast period. Spain is anticipated to grow at the highest CAGR of 7.5% during the review period. Read More..

B2B Tech News | 2 years ago        



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