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CEOs and investors optimistic about the economy as Kenya decides

Business leaders are optimistic about the economy, according to surveys conducted before the presidential election. An analysis of the growth outlook

Business leaders are optimistic about the economy, according to surveys conducted before the presidential election. An analysis of the growth outlook on Kenya from 18 leading banks, consultancies, and thinktanks projects the economy will on average expand by 5.39% this year. This is despite a high inflation environment, which in July climbed to a 61month high of 8.3%. The Nairobi Securities Exchange added Sh65.30 billion in investor wealth over the last week through Monday, indicating elevated demand from retail investors. Kenyas economy has a history of slowing down during election years when firms put investment decisions on hold pending a return to normality on the political scene. During the last election in 2017, the economic growth slowed to 3.82 percent from 4.21% the year before. The aftermath of the deadly December 2007 presidential election dispute sank growth to 0.23% in 2008 from 6.85 percent in 2007. The same trend was witnessed in 1997 and 2002 after multiparty elections. Read More..

B2B Tech News | 2 years ago

CGI supports the Home Police technology portfolio.

CGI has been selected as a strategic delivery partner for the Home Departments portfolio of policing and public protection technologies.The consulting

CGI has been selected as a strategic delivery partner for the Home Departments portfolio of policing and public protection technologies.The consulting firm will now work to support the development of technology solutions for of the Governments digital transformation agenda. In July, the UK Government finally appointed Mike Potter as its Chief Digital Officer, taking up a position that was first advertised in 2019. CGI has signed a multimillion pound contract to provide services for the Home Offices Police and Public Protection Technology PPPT team. Under the contract, CGI will be an integral part of the team bringing its proven delivery expertise across Public Safety and Government. It will create an open and evolving value chain ecosystem of partners which include NTT DATA, Principle One and Infoshare as well as other SMEs and law enforcement specialists.CGI has signed a multimillion pound contract to provide services for the Home Offices Police and Public Protection Technology PPT pr Read More..

B2B Tech News | 2 years ago

Sacrifice Zone Myanmar Bears Green Energy Costs

Rare earth metals are indispensable in green energy applications that power wind turbines and automobile engines. However, AP investigations have foun

Rare earth metals are indispensable in green energy applications that power wind turbines and automobile engines. However, AP investigations have found that its use hides dirty industry secrets. Their costs are environmental destruction, land theft from villagers, and remittances to the militia. Abuse is likely to increase as demand for rare piles of earth increases with green energy. The AP survey links Myanmars rare metals supply chain to 78 companies. About twothirds of them did not want or did not want to comment on the source. Almost everyone said they care about environmental protection and human rights. The State Department, which oversees US supply security, did not respond to a request for comment. Read More..

B2B Tech News | 2 years ago

Cenntro Electric is Establishing a subsidiary called Cennatic for the production of advanced lithiumion batteries in North America

The leading electric vehicle company, which develops advanced and marketproven electric commercial vehicles, today announced the creation of a separat

The leading electric vehicle company, which develops advanced and marketproven electric commercial vehicles, today announced the creation of a separate operating unit and subsidiary in the United States to manufacture advanced lithiumion batteries. Electric commercial vehicles. The company leased 10,436 square meters 111,363 square feet of production facilities at the Aero Industrial Park in Monterrey, Mexico. Cennatic expects to complete installation of the production line by the end of 2022 and begin trial production in the first half of 2023. The strategic location of the new facility in Mexico will complement our strategy to ensure competitive manufacturing and expand our ability to open new assembly plants in existing customer markets. About Centro Elektra Group Read More..

B2B Tech News | 2 years ago

Amber Group brings its retail platform to Brazil

Amber Group, a Singaporebased company that primarily serves Asia with liquidity and marketmaking services, has expanded its retail trading business to

Amber Group, a Singaporebased company that primarily serves Asia with liquidity and marketmaking services, has expanded its retail trading business to Brazil. Since June, WhaleFin, a retail platform that enables users to buy, sell, and obtain loans in cryptocurrency, has been operating in Brazil. Michael Wu, the CEO of Amber Group, predicted that it would expand once the nation approved a special regulatory framework for cryptocurrencies. On Twitter, follow CoinDesk Brazil. Read More..

B2B Tech News | 2 years ago

WazirX users are advised by Binance to shift their money and stop using offchain transfers.

Binance ordered clients of partner WazirX to move their funds to a global cryptocurrency platform. The company plans to remove offchain fund transfers

Binance ordered clients of partner WazirX to move their funds to a global cryptocurrency platform. The company plans to remove offchain fund transfers between the services in the latest escalation of tension between the firms. The announcements follow a public spat over the weekend when the companies argued about the ownership of the Indian firm. Indias top crypto exchange WazirX has been frozen by the countrys antimoneylaundering agency for allegedly violating foreign exchange rules. The firms assets worth over $8 million have been frozen, and its parent company Binance claims it acquired the startup in 2019. Binance cofounder Markus Hillmann described the situation as comical and said he is confident the ED will get to the bottom of this.WazirX is the top crypto exchange by volume, processing about $500 million of trades a day. That number has tumbled to about $5 million, as global markets take a downturn and Indias crypto taxation policy goes into effect. Read More..

B2B Tech News | 2 years ago

Australian court rules that the insurer is not responsible for the costs of ransomware removal

An Australian court has ruled an insurance company cant claim costs incurred in the aftermath of a cyber attack, such as forensics, incident response,

An Australian court has ruled an insurance company cant claim costs incurred in the aftermath of a cyber attack, such as forensics, incident response, and replacement hardware. The decision could worry some organizations that think they have adequate cover for cyber incidents. Only a small subset of costs relating to blank media and the copying of data onto that media are deemed claimable under the insurance policy. The Inchcape Australia cyber attack verdict could have a broader impact on the interpretation of claimable costs under cyber insurance policies. The insurers policy only covers direct financial loss directly resulting from electronic data, not consequential losses resulting from damage to or destruction of the insureds computer systems. If you want to be covered for those actions you should be clear in your insurance cover and the policy that theyre in, says lawyer Simon Burns. Read More..

B2B Tech News | 2 years ago

Applications for the 4th Launch SaaS are being accepted by Suez Canal Bank

The Suez Canal Bank is accepting applications for the fourth session of its technology applications business incubator, Launch SaaS. The session will

The Suez Canal Bank is accepting applications for the fourth session of its technology applications business incubator, Launch SaaS. The session will focus on providing support to startups that tackle climate change and create a more sustainable future. It coincides with Egypts preparations to host the 27th UN Conference of Parties on Climate Change COP27. The Suez Canal Banks Launch SaaS incubated about 33 startups, which received financial support amounting to EGP 3.9m, and their sales achieved EGP 109m since entering the affiliate incubation program. The Bank has also organized over 150 training courses for entrepreneurs and startup owners. The Nileprenuers Initiative Executive Director Heba Labib praised the fruitful cooperation between the initiative and banks, which contributed to intensifying efforts to support the entrepreneurship community. Read More..

B2B Tech News | 2 years ago

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