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Used car prices rise 30 percent in three months in Kenya

Over the past three months, used car prices in Kenya have increased by up to 30%. The lowrange types like Vitz are now costing more than Sh1.2 million

Over the past three months, used car prices in Kenya have increased by up to 30%. The lowrange types like Vitz are now costing more than Sh1.2 million due to the weak shilling, a lack of available vehicles, and rising shipping costs. Customers are canceling orders and choosing Nissan and Mazda over popular Toyota car models. The price of a used Land Cruiser ZX petrol engine has increased from Sh8 million in March to Sh9.5 million, which has slowed sales of the luxury vehicle. The price increase appears to be hurting young people who buy the equipment to work in the transportation industry. Read More..

B2B Tech News | 2 years ago        

French company Thales collaborates with EXPAL for Australias military

French defense and technology group Thales announced on Monday a partnership with EXPAL Systems to supply equipment to the Australian military. The mo

French defense and technology group Thales announced on Monday a partnership with EXPAL Systems to supply equipment to the Australian military. The move comes as France and Australia aim to improve diplomatic relations after a dispute last year. Relations between the two countries were badly strained by a decision by Australias former prime minister to ditch a lucrative submarine contract with France. The deal comes just months after Australia canceled a multibilliondollar order for submarines with French company Naval Group, which is a unit of Thales. Read More..

B2B Tech News | 2 years ago        

Supercars are pushed to the back of the grid by the EUs electric vehicle drive

The EU has agreed on draft legislation banning the sale of new petrol or diesel cars by 2035, ignoring a plea from Italy for a Ferrari exception. The

The EU has agreed on draft legislation banning the sale of new petrol or diesel cars by 2035, ignoring a plea from Italy for a Ferrari exception. The ban is part of the EUs Fit for 55 plan to reduce greenhouse gas emissions by at least 55% by 2030. Petrolhead supercar owners who love the rumble of a V8 and the aroma of exhaust fumes are being told to prepare for a legally enforced smoother ride. Read More..

B2B Tech News | 2 years ago        

Kenya, TZ trade tops 100 billion shillings as Suluhu celebrates one year in office

Trade between Kenya and Tanzania reached Sh107.63 billion in March 2022, up 66.86 % from Sh64.51 billion the previous year. According to data compiled

Trade between Kenya and Tanzania reached Sh107.63 billion in March 2022, up 66.86 % from Sh64.51 billion the previous year. According to data compiled by the Kenya National Bureau of Statistics, Kenyan traders spent Sh56.78 billion trucking in goods from Tanzania KNBS. Ms. Suluhus trip to Kenya in May of last year marked the first official state visit she had made since taking office. During that trip, she and her host, President Uhuru Kenyatta, gave instructions to their respective trade ministries to find and settle any outstanding disputes affecting the flow of goods across borders. Read More..

B2B Tech News | 2 years ago        

Deutsche Bank accelerates the hiring of technicians in India

The bank has doubled its headcount in India to 5,000, primarily in tech, but also in other roles. It will add another 2,500 people this year to cater

The bank has doubled its headcount in India to 5,000, primarily in tech, but also in other roles. It will add another 2,500 people this year to cater to growth and backfill roles, he says. As we launch our technology strategy in 2019, we want to strengthen engineering and IT architecture excellence at Deutsche Bank and maintain these capabilities inhouse, the bank’s chief technology, data, and innovation officer Bernd Lugert told ET recently. Visit India. Read More..

B2B Tech News | 2 years ago        

In line with an IPO, what does the $100M acquisition of Unbxd mean for Netcore

Netcore Cloud has been on an acquisition spree, taking over Quinto.ai, Boxx.ai, and Hansel.io.As the company heads toward an IPO, it identifies new in

Netcore Cloud has been on an acquisition spree, taking over Quinto.ai, Boxx.ai, and Hansel.io.As the company heads toward an IPO, it identifies new investments and strategic acquisitions. Netcore has acquired a majority stake in USbased personalization company Unbxd. Unbxds AI/ML tech stack allows brands to implement sitewide personalization, merchandising, and shopperfocused recommendations. With the power of AI, brands can turn them from shoppers to shoppers. Ecommerce sales in SEA markets are estimated to double to $254 billion by 2026. Read More..

B2B Tech News | 2 years ago        

Federal criminal investigation of SPAC transaction subpoenas Trump media business

Digital World Acquisition Corp. says it has been subpoenaed by a federal grand jury in connection with a criminal probe. The Trump company also receiv

Digital World Acquisition Corp. says it has been subpoenaed by a federal grand jury in connection with a criminal probe. The Trump company also received a subpoena from the Securities and Exchange Commission regarding a civil probe. TMTG said it would comply with the subpoenas and that none of them were directed at its chairman, Trump, or CEO, former U.S. Rep. Devin Nunes. The company was also served with a subpoena from the SEC last week. A board member told management that he would quit the board during the previous week, the company said on Monday. The companys parent company, Trump Media, was incorporated in February 2021, months after Trump left office. A board member told management he would quit the board last week but said his resignation was unrelated to the companys operations. Read More..

B2B Tech News | 2 years ago        

Safaricom sees longterm margins of 40% in its Ethiopian business

The new Ethiopian operation of Kenyas Safaricom Plc aspires to have gross margins of 40%. The companys financial goals, which include breaking even in

The new Ethiopian operation of Kenyas Safaricom Plc aspires to have gross margins of 40%. The companys financial goals, which include breaking even in four years, have been made public by the Vodacom Group of South Africa, which owns a 35% stake in the publiclytraded company on the Nairobi Securities Exchange. Over the next five years, the subsidiary intends to invest between $1.5 billion and $2 billion in infrastructure development and the introduction of new services. To have 1,000 workers by 2020, it has hired more than 300 people. Safaricom Ethiopia, of which the Kenyan multinational owns 55.7 percent, received an operating license in July 2021. 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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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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