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Used car prices rise 30 percent in three months in Kenya

Over the past three months, used car prices in Kenya have increased by up to 30%. The lowrange types like Vitz are now costing more than Sh1.2 million

Over the past three months, used car prices in Kenya have increased by up to 30%. The lowrange types like Vitz are now costing more than Sh1.2 million due to the weak shilling, a lack of available vehicles, and rising shipping costs. Customers are canceling orders and choosing Nissan and Mazda over popular Toyota car models. The price of a used Land Cruiser ZX petrol engine has increased from Sh8 million in March to Sh9.5 million, which has slowed sales of the luxury vehicle. The price increase appears to be hurting young people who buy the equipment to work in the transportation industry. Read More..

B2B Tech News | 2 years ago          

French company Thales collaborates with EXPAL for Australias military

French defense and technology group Thales announced on Monday a partnership with EXPAL Systems to supply equipment to the Australian military. The mo

French defense and technology group Thales announced on Monday a partnership with EXPAL Systems to supply equipment to the Australian military. The move comes as France and Australia aim to improve diplomatic relations after a dispute last year. Relations between the two countries were badly strained by a decision by Australias former prime minister to ditch a lucrative submarine contract with France. The deal comes just months after Australia canceled a multibilliondollar order for submarines with French company Naval Group, which is a unit of Thales. Read More..

B2B Tech News | 2 years ago          

Supercars are pushed to the back of the grid by the EUs electric vehicle drive

The EU has agreed on draft legislation banning the sale of new petrol or diesel cars by 2035, ignoring a plea from Italy for a Ferrari exception. The

The EU has agreed on draft legislation banning the sale of new petrol or diesel cars by 2035, ignoring a plea from Italy for a Ferrari exception. The ban is part of the EUs Fit for 55 plan to reduce greenhouse gas emissions by at least 55% by 2030. Petrolhead supercar owners who love the rumble of a V8 and the aroma of exhaust fumes are being told to prepare for a legally enforced smoother ride. Read More..

B2B Tech News | 2 years ago          

On September 1, Facebooks cryptocurrency project will be completely shut down

Meta plans to close its Novi digital wallet on September 1, just 11 months after the debut of the company formerly known as Facebook. The company rele

Meta plans to close its Novi digital wallet on September 1, just 11 months after the debut of the company formerly known as Facebook. The company released Novi last October in a socalled beta or test version using the cryptocurrency exchange Coinbase. The Diem project, which was backed by Meta, faced intense scrutiny from regulators, which led to its demise. Stablecoins have come under scrutiny amid a broader cryptocurrency market downturn. The May collapse of UST, which lost its peg to the dollar, concerned investors and regulators. Meta shares were flat in afterhours trading at $160.00. Read More..

B2B Tech News | 2 years ago          

Kenya, TZ trade tops 100 billion shillings as Suluhu celebrates one year in office

Trade between Kenya and Tanzania reached Sh107.63 billion in March 2022, up 66.86 % from Sh64.51 billion the previous year. According to data compiled

Trade between Kenya and Tanzania reached Sh107.63 billion in March 2022, up 66.86 % from Sh64.51 billion the previous year. According to data compiled by the Kenya National Bureau of Statistics, Kenyan traders spent Sh56.78 billion trucking in goods from Tanzania KNBS. Ms. Suluhus trip to Kenya in May of last year marked the first official state visit she had made since taking office. During that trip, she and her host, President Uhuru Kenyatta, gave instructions to their respective trade ministries to find and settle any outstanding disputes affecting the flow of goods across borders. Read More..

B2B Tech News | 2 years ago          

Deutsche Bank accelerates the hiring of technicians in India

The bank has doubled its headcount in India to 5,000, primarily in tech, but also in other roles. It will add another 2,500 people this year to cater

The bank has doubled its headcount in India to 5,000, primarily in tech, but also in other roles. It will add another 2,500 people this year to cater to growth and backfill roles, he says. As we launch our technology strategy in 2019, we want to strengthen engineering and IT architecture excellence at Deutsche Bank and maintain these capabilities inhouse, the bank’s chief technology, data, and innovation officer Bernd Lugert told ET recently. Visit India. Read More..

B2B Tech News | 2 years ago          

In line with an IPO, what does the $100M acquisition of Unbxd mean for Netcore

Netcore Cloud has been on an acquisition spree, taking over Quinto.ai, Boxx.ai, and Hansel.io.As the company heads toward an IPO, it identifies new in

Netcore Cloud has been on an acquisition spree, taking over Quinto.ai, Boxx.ai, and Hansel.io.As the company heads toward an IPO, it identifies new investments and strategic acquisitions. Netcore has acquired a majority stake in USbased personalization company Unbxd. Unbxds AI/ML tech stack allows brands to implement sitewide personalization, merchandising, and shopperfocused recommendations. With the power of AI, brands can turn them from shoppers to shoppers. Ecommerce sales in SEA markets are estimated to double to $254 billion by 2026. Read More..

B2B Tech News | 2 years ago          

Amazon Egypt presents the BNPL offering via the FinTech ValU platform

Through all, Amazon Egypt is now providing qualified customers with the buy, pay later BNPL plans. Customers of all on Amazon example will have the op

Through all, Amazon Egypt is now providing qualified customers with the buy, pay later BNPL plans. Customers of all on Amazon example will have the option to choose BNPL plans, which spread payments over terms of six to sixty months. Customers will select one of the options available at checkout before entering their value customer numbers. The agreement, according to Amazon Egypts managing director of Amazon Payment Services, is a significant step in our strategy to offer flexible and reliable payment methods. Read More..

B2B Tech News | 2 years ago          



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