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Australian company Carsales.com will acquire 51% of American company Trader Interactive

Carsales.com Ltd said on Monday it acquired the remaining 51% stake in USbased Trader Interactive for $ 809 million. The Australian online auto classi

Carsales.com Ltd said on Monday it acquired the remaining 51% stake in USbased Trader Interactive for $ 809 million. The Australian online auto classifieds firm bought 49% of the Virginiabased online advertising company last year. It will finance the acquisition through a capital increase of AU $ 1.21 billion. Carsales CEO Cameron McIntyre said the acquisition should offer attractive economic benefits for shareholders with doubledigit earnings per share growth in the first year. Carsales.com also said that performance in the first five months of fiscal 2022 reflects a steady and healthy level of demand in the Australian automotive and nonautomotive markets. Read More..

B2B Tech News | 3 years ago        

Tanzania is attacking traders with nearly double export tariffs

Tanzanian authorities raised the price of obtaining export licenses from the previous Sh27,000 per truck to Sh52,000 as of today. As traders and truck

Tanzanian authorities raised the price of obtaining export licenses from the previous Sh27,000 per truck to Sh52,000 as of today. As traders and truckers were taken aback by the new requirement, the move resulted in a significant backlog of trucks moving to Kenya in the previous week. Tanzania has raised the fees it charges for export permits to complicate matters at the border. Another round of trade disputes between Nairobi and Dar es Salaam is also likely to result from it. Read More..

B2B Tech News | 3 years ago        

Prosus and Naspers would sell Tencent shares gradually to pay for share repurchases

Dutch technology investment firm Prosus and its majority South African shareholder Naspers announced plans on Monday to sell their massive stake in Ch

Dutch technology investment firm Prosus and its majority South African shareholder Naspers announced plans on Monday to sell their massive stake in Chinese software giant Tencent to fund a share purchase program. Prosus owns a 28.9% stake in Tencent, worth over $100 billion. The companies said they could sell Tencent shares at 35% of Tencents average daily trading volume. Read More..

B2B Tech News | 3 years ago        

MNTHalan Egypt buys ecommerce website from FMCG Talabeyah

MNTHalan, a leading fintech company in Egypt, recently disclosed the acquisition of Talabeyah, a B2B ecommerce platform that offers nextday delivery o

MNTHalan, a leading fintech company in Egypt, recently disclosed the acquisition of Talabeyah, a B2B ecommerce platform that offers nextday delivery of FMCG supplies to small business owners, retailers, and soon, consumers. The company claims that its acquisition will empower small retailers while upending the current multilayered and fragmented supply chain model. The deals financial details werent made public. Talabeyah will give MNTHalan access to hundreds of thousands of merchants and retailers, finance their customers purchases, and support the company with our 120 tech engineers, enabling Talabeyah to scale nationally. Read More..

B2B Tech News | 3 years ago        

Israel invests $880 million in climate tech innovations

The Israeli Ministry of Environmental Protection has announced that the country will invest 3 billion shekels about 880 million dollars to enable inno

The Israeli Ministry of Environmental Protection has announced that the country will invest 3 billion shekels about 880 million dollars to enable innovation in climate technologies. The decision aims to accelerate innovation in Israels climate technology ecosystem. The vital quantitative targets to support climate innovation identified in the decision are expected to be met by 2026. The decision aims to accelerate innovation in Israels climate technology ecosystem to support Israels efforts to tackle the climate problem. The plan also includes the use of satellites to monitor climate change and environmental risks and the creation of a technology incubator to promote projects, the ministry said. Read More..

B2B Tech News | 3 years ago        

Sustainable economic growth requires a reliable and stable capital market

The statement was made at the First Nigeria Employers Summit by Lamido Yuguda, DirectorGeneral of the Securities and Exchange Commission SEC. By 2025,

The statement was made at the First Nigeria Employers Summit by Lamido Yuguda, DirectorGeneral of the Securities and Exchange Commission SEC. By 2025, he claimed, the commission will have developed one of the worlds largest and most sophisticated capital markets. According to him, a revolution in housing finance will be made possible by the growth of the capital market. He continued by saying that the commission shared NECAs dedication and motivation for fostering an environment that is favorable for businesses to flourish. These efforts will result in the Nigerian economy performing better economically. Read More..

B2B Tech News | 3 years ago        

Exxon Mobil is at a crossroads as the climate crisis fuels the transition to clean energy

Exxon Mobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and reducing its carbon footprint to help sta

Exxon Mobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and reducing its carbon footprint to help stave off climate disasters. He explores whether Exxon Mobil is serious about taking on global warming and how its actions match up with its words. The companys insular corporate culture helped keep the company somewhat shielded from outside influence. As the Russian invasion of Ukraine continues to affect global energy markets, oil and gas companies are under pressure to pump more to increase supply and cool down prices. One of the locations where Exxon Mobil plans to increase output is in the Permian Basin, an area about the size of Nebraska that stretches across West Texas and New Mexico. Read More..

B2B Tech News | 3 years ago        

HCL Technologies opens a new distribution center in Vancouver

The new center will significantly expand its presence in the country, primarily to serve customers in the hightech sector. The new facility, which cov

The new center will significantly expand its presence in the country, primarily to serve customers in the hightech sector. The new facility, which covers approximately 9,000 square meters, will be a stateoftheart hub that will enable faster and leaner delivery of innovative technology services. The announcement follows the surge of momentum in Canada as HCL Technologies opens new distribution centers in New Brunswick, Mississauga, and Edmonton and welcomes the first team of HCL Technologies apprenticeship program from Vancouver. Read More..

B2B Tech News | 3 years ago        



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Refresh Your Facts

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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