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Solv Kenya SME loans reached Sh106 million on strong credit demand

A few months after launching, Standard Chartered Plcbacked digital marketplace for small business owners Solv Kenya has disbursed more than an eighth

A few months after launching, Standard Chartered Plcbacked digital marketplace for small business owners Solv Kenya has disbursed more than an eighth of its initial credit line, indicating demand for supply chain financing. The platform has distributed Sh106 million in loans, or around 13.6% of the initial Sh780 million in funding received from financial institutions for more lending, according to Solv Kenya CEO Sheila Kimani. Out of the 3,300 dealers chosen by suppliers, the money has been wired to around 1,000 micro, small, and mediumsized firms MSMEs registered on the site. Read More..

B2B Tech News | 2 years ago          

The power of technology for a greener and digital Europe

Unleash Digital is the focus of this years HUAWEI CONNECT 2022 conference. The conference examines ways that all participants might more successfully

Unleash Digital is the focus of this years HUAWEI CONNECT 2022 conference. The conference examines ways that all participants might more successfully unleash digital productivity. Three ways the ICT ecosystem might aid in overcoming typical challenges in digital transformation were described by Ken Hu, Huaweis Rotating Chairman. The creation of ecosystems and innovation are essential for Europes digital transformation. The goal of Huaweis ICT academies in Europe is to upskill both students and professionals. By 2021, Huawei will have assisted its clients in producing over 84 billion kilowatts of clean energy in Europe. Read More..

B2B Tech News | 2 years ago          

Croatia aspires to be the energy gateway to Eastern Europe

Croatias Adriatic oil pipeline could increase the Adria oil pipelines capacity to 2 million tonnes per month. It is also increasing its capacity to im

Croatias Adriatic oil pipeline could increase the Adria oil pipelines capacity to 2 million tonnes per month. It is also increasing its capacity to import molten gas from the current 2.9 billion cubic metres per year to 6.1 billion cubic metres per year. The Adria pipeline, which originates in Omialj, is MOLs backup plan. Additionally, MOL is getting ready to renovate its refineries, which might cost up to EUR 500 million. Additional funding is anticipated to meet the needs of refineries in Serbia, Slovakia, and Hungary. Read More..

B2B Tech News | 2 years ago          

Targeting enterpriseclass solutions for law enforcement and public safety, Getac Video Solutions and Getac North America have merged to become one company.

Furthermore, a distinct knowledge of user experience for designing creative bespoke mobile solutions is now available to a greater spectrum of law enf

Furthermore, a distinct knowledge of user experience for designing creative bespoke mobile solutions is now available to a greater spectrum of law enforcement and public safety organisations, including those serving small and mediumsized jurisdictions. One Getac team is dedicated to law enforcement and public safety. Integration of cloudbased data management for realtime information exchange. Getac will showcase its product range at the 2022 IACP venue in Dallas booth #3000, featuring its awardwinning rugged laptops, tablets, invehicle video, and bodyworn cameras. Getac Technology Corporation is a worldwide pioneer in rugged mobile technology and intelligent video solutions, such as laptops, tablets, software, bodyworn cameras, incar video, interview rooms, and evidence management software. Read More..

B2B Tech News | 2 years ago          

Insurtech Unicorn Bolttech closes the Series B round with a valuation of $ 1.5 billion

A series B investment round for Singaporebased insurtech business Bolttech is now being closed. Tokio Marine, a Japanese insurer, will serve as the ro

A series B investment round for Singaporebased insurtech business Bolttech is now being closed. Tokio Marine, a Japanese insurer, will serve as the rounds lead investor. As part of the agreement, Tokyo Marine will invest US$50 million, raising the insurtech companys valuation to US$1.5 billion. Tokio Marine will benefit the companys distribution and balancesheet capability, according to Bolttech. In a series A funding round led by Activant last year, Bolttech raised US$247 million at a valuation of over US$1 billion. The insurtech company currently handles annualised premiums totaling $50 billion USD. Read More..

B2B Tech News | 2 years ago          

Sterling rises and borrowing costs fall as Chancellor heads for calmer markets

On Monday, the pound gained and government borrowing rates fell as investors welcomed news that Chancellor Jeremy Hunt is speeding up tax and expendit

On Monday, the pound gained and government borrowing rates fell as investors welcomed news that Chancellor Jeremy Hunt is speeding up tax and expenditure cuts. It is the latest in a slew of policy changes revealed in the minibudget. The £18 billion Uturn on company tax announced on Friday, as well as the sacking of Mr Kwarteng, did not appear to assuage investors, with UK government borrowing prices rising on Friday afternoon. They had reached 5.17% on September 28th, following the minibudget, in which Mr Kwarteng announced one of the largest tax cutting packages seen in decades but did not explain how they would be paid. Read More..

B2B Tech News | 2 years ago          

Asian stocks slip, decisive day for UK bonds

Asian stock markets fell on Monday, following another flogging for Wall Street, as investors braced for additional dramatic tightening in global finan

Asian stock markets fell on Monday, following another flogging for Wall Street, as investors braced for additional dramatic tightening in global financial conditions, with all the perils that entails. While the S&P 500 is down 25% from its top, BofA economist Jared Woodard cautioned that the drop was not done since the globe was shifting from two decades of 2% inflation to anything closer to 5% inflation. The dollar was up at 148.62 yen early Monday, aiming toward the next objective of 150.00. The euro was steady at $0.9733 after a stronger performance last week, while the US dollar index fell a touch to 113.20. Read More..

B2B Tech News | 2 years ago          

Lumos adtech smart bag joins forces with the ebike innovator Zoomo

LUMOS received $800,000 in early investment in August, but the firm has now received an additional boost by partnering with ebike group Zoomo, another

LUMOS received $800,000 in early investment in August, but the firm has now received an additional boost by partnering with ebike group Zoomo, another local enterprise that is far further down its scaleup trajectory, with worldwide customers like the UKs Just Eat and Amazon Wholefoods in the US. Zoomo and Lumos are joining up to be able to provide more benefits to the public sector community we will proceed to empower the shipping riders on the road today with these super awesome revenuegenerating smart bags which enhance their onroad safety by providing something thats bright and visible, especially at night, Fan says. Read More..

B2B Tech News | 2 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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