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To reflect a new panAfrican strategy, Cape Innovation and Technology Initiative changed its name to UVU Africa.

The Cape Innovation and Technology CiTi, regarded as Africas oldest innovation incubator together with its Bandwidth Barn, has changed its name to UVU

The Cape Innovation and Technology CiTi, regarded as Africas oldest innovation incubator together with its Bandwidth Barn, has changed its name to UVU Africa to reflect its new panAfrican strategy. Since its founding in 1999, CiTi has had a significant impact on the development of the Cape Town and South African technology and entrepreneurship ecosystems. CiTi collaborates with the government, academia, business, and society to promote inclusive growth of the digital economy. UVU Africas core values serve as its guiding principles. The organisation also opened a 250m2 stateoftheart biotech laboratory and a new innovation hub in Cape Town, which will help the regions biotech industry thrive and its tech and innovation ecosystem. Read More..

B2B Tech News | 2 years ago          

Global Markets As recession fears subside, Asian stocks reach a ninemonth high.

The largest AsiaPacific share index, as measured by MSCI, increased by as much as 0.55 percent to close at 562.10, a level not seen in nearly nine mon

The largest AsiaPacific share index, as measured by MSCI, increased by as much as 0.55 percent to close at 562.10, a level not seen in nearly nine months. The index, which dropped nearly 20% last year, is on track to have its best January performance ever after rising nearly 11% so far this month. With the German DAX futures up 0.28 percent and the Eurostoxx 50 futures up 0.3 percent, European stock futures suggested that equities would increase. The Hong Kong Hang Seng index was little altered after rising more than 2 percent on Thursday, while Japans Nikkei index increased by 0.05 percent. After the Lunar New Year break, trading is expected to resume on Monday on the mainland of China. Read More..

B2B Tech News | 2 years ago          

Swedens Husqvarna will now have a 12 percent stake from German company Bosch.

In an effort to enhance the businesses battery cooperation, Bosch ROBG.UL announced on Friday that it had decided to boost its stake in Husqvarna HUSQ

In an effort to enhance the businesses battery cooperation, Bosch ROBG.UL announced on Friday that it had decided to boost its stake in Husqvarna HUSQb. ST to around 12%, making it one of the Swedish companys largest owners. Following the deals announcement, shares of lawn equipment maker Husqvarna were up 12.6% by 0839 GMT. In 2020, the Bosch power tool division established a Power for All Alliance with Husqvarna subsidiary Gardena. The statement continued, A full takeover is not currently planned. The opening paragraph of this article has been changed to reflect that Bosch will be one of Husqvarnas largest shareholders, not the largest stakeholder. Read More..

B2B Tech News | 2 years ago          

Denodo, a leader in data management, is certified by AWS.

Denodo has obtained ISV Competency status for Data and Analytics in Amazon Web Services AWS. The platform of the data management company for AWS accel

Denodo has obtained ISV Competency status for Data and Analytics in Amazon Web Services AWS. The platform of the data management company for AWS accelerates time to insight and data services. Amazon Redshift, Amazon Simple Storage Service Amazon S3, and Amazon RDS are natively connected to Denodo. Denodos sophisticated data library can immediately surface existing datasets to business users for selfservice documentation. The number of people accessing the data platform at Syngenta has increased by 35 times, spurring widespread adoption of datadriven decisionmaking. Read More..

B2B Tech News | 2 years ago          

Palladiums megarally is thrown into reverse by electric vehicles.

Palladium, once the cheapest major precious metal, soared from less than $500 per ounce in 2016 to more than $3,400 in March, eclipsing platinum and g

Palladium, once the cheapest major precious metal, soared from less than $500 per ounce in 2016 to more than $3,400 in March, eclipsing platinum and gold. Meanwhile, supply from recycled cars is increasing as more palladiumcontaining vehicles reach the end of their useful life. Palladium prices have fallen to around $1,700 per ounce. According to Morgan Stanley analysts, demand from automakers will fall by around 400,000 ounces between 2022 and 2027, while supply from vehicle recycling will increase by 1.2 million ounces. In the coming years, supply is expected to increase significantly. Read More..

B2B Tech News | 2 years ago          

Businesses in Australia are embracing cuttingedge financial technology.

Firms will continue to invest in embedded finance and Web3 in the coming year. Embedded finance, decentralised finance DeFi, cryptocurrencies, and the

Firms will continue to invest in embedded finance and Web3 in the coming year. Embedded finance, decentralised finance DeFi, cryptocurrencies, and the metaverse are all important areas of fintech. New use cases for embedded financial services are emerging in banking, lending, and investing. According to a new study by the Financial Industry Services Institute, more than half of Australias financial services firms are investing in decentralised finance FIS. According to the study, the biggest barriers to greater crypto adoption are a lack of clarity around crypto regulations and a lack of ecosystem services. Read More..

B2B Tech News | 2 years ago          

According to experts, Africa is positioned to become the next global technology hub.

Africa has a long way to go before it can match the record amounts raised by US startups. An increase in local tech hubs could provide endless opportu

Africa has a long way to go before it can match the record amounts raised by US startups. An increase in local tech hubs could provide endless opportunities for the fintech industry. MFS Africa believes that the tech hub culture will allow us to identify talent and collaborate with and partner with more startups in the long run. Solar energy, which is renewable, is the most viable option for addressing this challenge. Africa has some of the highest levels of solar radiation in the world. South Africas energy crisis has created opportunities for businesses and investors to meet energy demand. Read More..

B2B Tech News | 2 years ago          

Stocks pause after Januarys surge, while Adanis stock price falls in India.

The MSCI allcountry index .MIWD00000PUS was still on a 6day winning streak. With a 9month high, AsiaPacific stocks maintained their best start to the

The MSCI allcountry index .MIWD00000PUS was still on a 6day winning streak. With a 9month high, AsiaPacific stocks maintained their best start to the year. The tug of war over whether the good news that major economies are holding up will simply encourage the Federal Reserve to continue raising interest rates. This year, the MSCI AsiaPacific exJapan index is up nearly 11%. Following the yens rise, Japans Nikkei is up a more modest 5%. Consumers in the United States increased their Q4 spending on goods, according to data released on Thursday. Read More..

B2B Tech News | 2 years ago          



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