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GLOBAL NEWS

Unwasted raises £1.5 million for a seed money for a cardboard construction panel.

Elbow Beach Capital has provided £1.5 million in seed funding to the climate technology business Unwasted in advance of its anticipated £72 million

Elbow Beach Capital has provided £1.5 million in seed funding to the climate technology business Unwasted in advance of its anticipated £72 million Series A. It has created a method that modifies the fibres in used cardboard to create panel board that may be used for furniture, flooring, and building. According to Unwasted, its panel board is constructed using a continuous pressing and drying cycle rather than glues, resins, and harmful chemicals. The technology of Unwasted has been approved at its pilot manufacturing facility in Deeside, North Wales. The business now intends to construct its first largescale manufacturing facility in Denmark. The Denmark facility will be 75,000 square metres in size, run on renewable energy, and produce 160,000m3 of panels yearly from 140,000 tonnes of cardboard trash. Read More..

B2B Tech News | 1 months ago      

Africas startups withstand a funding crunch.

African startups more than doubled the amount of debt they raised last year, a surge that may continue as an economic slowdown makes equity funding mo

African startups more than doubled the amount of debt they raised last year, a surge that may continue as an economic slowdown makes equity funding more expensive and unsustainable over the long term. Companies on the continent raised US$1.55billion R26.8billion in 71 debt deals in 2022, suggesting its become a solid alternative source of capital for African technology startups, venture capital firm Partech Partners said in a report. Kenya attracted more debt than any other African country, taking almost 40% of the total amount raised through 15 deals, while Nigeria received the most equity funding, getting $1.2billion — a 36% decline, compared to a year earlier, in a 189 funding rounds, the report said. Read More..

B2B Tech News | 1 months ago      

Saipem wins offshore contracts worth $900 million in Brazil and Norway.

For the LAPA Southwest development project in the Santos basin, Brazil, TotalEnergies has won the first contract. 270 kilometres off the coast of So

For the LAPA Southwest development project in the Santos basin, Brazil, TotalEnergies has won the first contract. 270 kilometres off the coast of So Paulo is where the deepwater oil field is. Saipem will carry out the contract in collaboration with Aker Solutions do Brasil. The second contract for the Irpa pipeline project in the deep seas of the Norwegian Sea has been given by the Norwegian company Equinor. The project entails laying 80 km of swagged pipeinpipe pipeline to connect the Aasta Hansteen platform to the subsea production template for the Irpa gas field. Read More..

B2B Tech News | 1 months ago      

The first technology from SolarEdge to comply with South Australias brandnew dynamic export regulations

As part of the South Australian Governments strategy to stabilise the grid with advanced, remote cloud control technologies, SolarEdge Technologies, I

As part of the South Australian Governments strategy to stabilise the grid with advanced, remote cloud control technologies, SolarEdge Technologies, Inc., a global pioneer in smart energy technology, announced today that its products have met the new Dynamic Export standards. All new solar systems must comply with the Dynamic Export standards so that the network operator can remotely change the grid export limits of solar systems and preserve grid stability. Beginning in July 2023, SolarEdges home and small commercial systems in South Australia will be able to adapt to network constraint concerns through dynamic regulation of solar energy exports to the grid as part of the Smarter Homes Program for distributed energy. Read More..

B2B Tech News | 1 months ago      

2022 Data Wars There must be more competition in Nigerias mobile Internet market.

Nigeria reached 222 million mobile phone customers in 2022, according to certain significant media outlets. That response from the Nigerian Communicat

Nigeria reached 222 million mobile phone customers in 2022, according to certain significant media outlets. That response from the Nigerian Communications Commission was incredibly quick NCC. It demonstrates the rate of expansion of Nigerias digital economy. The ICT industry alone increased Nigerias GDP by about $8 trillion $15.2 billion, 15.35% in Q3 2022. The ICT industry alone increased Nigerias GDP by about $8 trillion $15.2 billion, 15.35% in Q3 2022. Crude oil, Nigerias cash cow, contributed 3 trillion $6.5 billion, 5.6% during that same quarter. The primary engine of this expansion is the Nigerian telecoms sector. Read More..

B2B Tech News | 1 months ago      

As Indias rollout expands to 184 cities, Jio 5G Network Services are now available in 50 additional cities.

The widest rollout of Jios True 5G services across 50 cities in the nation was announced on Tuesday. Jio consumers in 184 places can now utilise fifth

The widest rollout of Jios True 5G services across 50 cities in the nation was announced on Tuesday. Jio consumers in 184 places can now utilise fifthgeneration mobile services thanks to this. In addition to Andhra Pradesh, Assam, Chhattisgarh, Goa, Haryana, Jharkhand, Karnataka, and Maharashtra, these 50 cities are located in these states. In addition to Dhanbad in Jharkhand, Jio 5G services are now available in Bagalkote, Chikkamagaluru, Hassan, Mandya, and Tumakuru in Karnataka. In addition to Alappuzha in Kerala, Balasore, Baripada, Bhadrak, Jharsuguda, Puri, and Sambalpur in Odisha, Kolhapur, NandedWaghala, and Sangli in Maharashtra. Om Birla, Speaker of the Lok Sabha, will launch Jio True 5G in Kota. Read More..

B2B Tech News | 1 months ago      

Googles dominance in digital advertising is leading the US to sue.

The case is expected to be filed in federal court by the end of the week, according to the people, who asked not to be identified because the matter i

The case is expected to be filed in federal court by the end of the week, according to the people, who asked not to be identified because the matter is private. The lawsuit will be the Department of Justices second monopoly case against the company. The lawsuit will be the Justice Departments second monopoly case against the company, which controls the majority of the technology used to buy, sell, and serve online advertising in the $278.6 billion US digitalad market. According to EMarketers 2023 estimates, the Mountain View, Californiabased company leads the $626.86 billion global digital ad market, with the United States accounting for the lions share. Read More..

B2B Tech News | 1 months ago      

In an open letter, UK fintechs ask Grant Shapps to improve SME lending.

In an open letter signed by the FSB Federation of Small Businesses and UK fintechs such as Atom Bank and Funding Circle UK, Business Secretary Grant S

In an open letter signed by the FSB Federation of Small Businesses and UK fintechs such as Atom Bank and Funding Circle UK, Business Secretary Grant Shapps was asked to improve lending for SMEs. The letter, obtained by UKTN, urges the government to pass the Data Protection and Digital Information Bill and expand its scope to include SME underwriting data. It also requests a meeting with the fintech industry to discuss the possibility of a SME Funding Passport, a company file that would contain all of its financial data for underwriting. The letter cited Bank of England figures indicating a £22 billion funding gap for SMEs. Read More..

B2B Tech News | 1 months ago