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Proparco of France invests $10 million in Sun Kings Solar Kit Business in Africa

A $10 million green bond was purchased by Proparco, a unit of the French Development Agency AFD group, which will lend the money to Sun King, an Afric

A $10 million green bond was purchased by Proparco, a unit of the French Development Agency AFD group, which will lend the money to Sun King, an African solar kit merchant. The green bond is being issued by the Swiss impact investor Symbiotics Group through its MSMR Bonds platform. Thanks to this platform, 309 bonds totaling $2.67 billion have already been issued. With the present investment, Sun King will be able to extend its business throughout Africa. According to the business, solar kits have now replaced 7.3 million kerosene lights in Africa, preventing 22.9 million tonnes of carbon dioxide emissions. Read More..

B2B Tech News | 3 years ago          

Asian stocks edge up amid global growth concerns

The largest AsiaPacific share index tracked by MSCI was up 0.19%, about to end a twoday losing trend. Hong Kongs Hang Seng Index surged over 2% while

The largest AsiaPacific share index tracked by MSCI was up 0.19%, about to end a twoday losing trend. Hong Kongs Hang Seng Index surged over 2% while Chinas stock market increased by 0.12%. The S&P/ASX 200 index in Australia dropped by 0.67%, while the Nikkei in Japan dropped to nearly onemonth lows. In advance of the Federal Reserve meeting next week, U.S. Treasury rates are hovering at threemonth lows. Many market participants think bond yields have peaked and that inflation is starting to moderate. Next week, central banks will gather to decide whether to slow down or speed up the increase in interest rates. Read More..

B2B Tech News | 3 years ago          

Flow Engineering Enables Hardware Engineers to Collaborate More Effectively, Raising $8.5M for Funding Round

Flow Engineering, a hardware engineering software firm based in the United Kingdom, announced today that it has raised $8.5 million in seed funding. T

Flow Engineering, a hardware engineering software firm based in the United Kingdom, announced today that it has raised $8.5 million in seed funding. The platform from Flow Engineering intends to facilitate agile collaboration methods for hardware engineering teams, saving time spent collating computer design models, databases, and component diagrams. Flows software, dubbed Hardware Engineerings GitHub, is designed to help engineers cycle complicated hardware constructions more quickly by allowing them to constantly test, validate, and verify ideas. The research team has experience in aerospace engineering and F1 racing, and the software has already been used by unnamed automotive and aerospace companies. Read More..

B2B Tech News | 3 years ago          

Butter Insurance raises $1.3 million to launch vision of over the counter insurance

Butter Insurance has received a $1.3 million investment from Flying Fox VC, Quokka Ventures, FB10X, and Startmate. The platform intends to democratise

Butter Insurance has received a $1.3 million investment from Flying Fox VC, Quokka Ventures, FB10X, and Startmate. The platform intends to democratise insurance access for young people and renters. Users will be able to monitor and manage their insurance plans, track claims, and update payments all from a single webapp. Butter Insurance just signed its first significant partnership agreement with Australian Payments Plus AP+. Butter wants to make the process of purchasing insurance as easy as possible. The insurance solution will be integrated with eftpos eQR Digital Marketplace, which is an alternative payment option that allows customers to pay with their smartphone. Read More..

B2B Tech News | 3 years ago          

Israels NewMed signs gas exploration deal with Morocco

On Tuesday, Israels NewMed Energy NWMDp. TA announced the signing of an agreement with Moroccos energy and minerals ministry and Adarco Energy for off

On Tuesday, Israels NewMed Energy NWMDp. TA announced the signing of an agreement with Moroccos energy and minerals ministry and Adarco Energy for offshore natural gas exploration and production in Morocco. According to NewMed, each company will own 37.5% of the Boujdour Atlantique licence. According to the corporation, the Boujdour Atlantique licence was given for an eightyear period in the southern part of Moroccos offshore economic zone. The transaction is still subject to Moroccan regulatory approval. NewMed is a major shareholder in Israels massive Leviathan offshore gas field, and it is attempting to merge with Capricorn Energy CNE.L to form a gas producer centred on Israel and Egypt. Read More..

B2B Tech News | 3 years ago          

VinFast files from Vietnam will be listed in the United States

VinFast, a leading Vietnamese electric vehicle EV manufacturer, has submitted a registration statement to market its shares in the United States. The

VinFast, a leading Vietnamese electric vehicle EV manufacturer, has submitted a registration statement to market its shares in the United States. The stock is anticipated to trade on the Nasdaq under the symbol VFS. The quantity of VinFast shares to be issued in the IPO is still unknown. Throughout July, the company opened six showrooms in California, with a total of 30 planned by the end of the year. VinFast, which was founded in 2017, is a subsidiary of the Vietnamese conglomerate Vingroup. Read More..

B2B Tech News | 3 years ago          

Uruguays free trade agreement ambitions are shaking the South American trading bloc

The Mercosur trade bloc has been shaken by one of its smaller members, Uruguay, seeking to negotiate its own freetrade agreements. For years, Uruguay

The Mercosur trade bloc has been shaken by one of its smaller members, Uruguay, seeking to negotiate its own freetrade agreements. For years, Uruguay has attempted to conclude unilateral trade agreements that it believes are more beneficial than Mercosur. Brazil, Paraguay, and Argentina warned Uruguay in November that if it went ahead with its plans, they would take measures against it. The twoday talks in Montevideo ended without a joint declaration on the agreements reached. Read More..

B2B Tech News | 3 years ago          

Ellume was taken out of administration by a rapid test competitor for $57 million

Ellume, a Brisbanebased manufacturer of rapid COVID19 tests, has been taken out of administration by competitor Hough Consolidated. Ellumes USbased su

Ellume, a Brisbanebased manufacturer of rapid COVID19 tests, has been taken out of administration by competitor Hough Consolidated. Ellumes USbased subsidiary, which is 100% owned by the Australian company but was not placed into voluntary administration alongside its parent, is also included in the sale. Ellumes Australian subsidiary had 215 employees as of September 1. This compares to confirmed assets valued at approximately $39 million, including $1.5 million in cash. In September, the company went into voluntary administration, just months after opening a 20,000squaremeter facility in the United States. Read More..

B2B Tech News | 3 years ago          



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