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Shares of Australian Infomedia rise after Solera joins a $ 443 million bid

Australian automotive software company Infomedia Ltd received on Monday a AU $638.8 million $443 million acquisition proposal from U.S.based Solera Ho

Australian automotive software company Infomedia Ltd received on Monday a AU $638.8 million $443 million acquisition proposal from U.S.based Solera Holdings LLC. The companys shares jumped as much as 9.1% after the news, its biggest intraday percentage gain in a month. A consortium led by U.S. on May 13, private equity firm TA Associates offered to purchase Infomedia for AU $ 638.8 million. Battery Ventures A$657.6 million bid was topped by TA Associates offer. Infomedia has decided to collaborate with the three suitors and to grant access to due diligence. Read More..

B2B Tech News | 2 years ago          

The KPA demanded the evacuation of 1.9 billion people from port land.

The deputy ministers called on the Kenyan port administration to release all compensated people who own the Lamu port site by the end of August. 1.9

The deputy ministers called on the Kenyan port administration to release all compensated people who own the Lamu port site by the end of August. 1.9 billion horns were officially paid to the affected members. KPA informed parliament that this amount had been paid and recorded as compensation for the victims of the construction. Lamu Port is part of an ambitious transport route between Kenya, South Sudan and the city of Lamu, north of Mombasa, Ethiopia. The port is designed to connect the inland countries of East Africa with world trade routes.. It was envisioned as an alternative outlet for South Sudans oil, currently pumped via the Greater Nile Oil Pipeline to Port Sudan. Read More..

B2B Tech News | 2 years ago          

The Ministry of Energy is implementing a new program to expand access to SNV biodigestion.

The Africa Biodigester component ABC project aims to increase access to biodigesters for circular agriculture and renewable energy. The fouryear proj

The Africa Biodigester component ABC project aims to increase access to biodigesters for circular agriculture and renewable energy. The fouryear project is, funded by the Netherlands Ministry of Foreign Affairs and managed by the Dutch Enterprise Agency RVO. The 3.7 million project aims to install at least 8,000 small biodigesters across Uganda. The ABC project will adopt information, awarenessraising, and provision of Business Development Support to biodigester companies. The project will explore the commercialization of bioslurry as organic fertilizer to increase farm output. It will also support the governments Biomass strategy to promote clean cooking and reduce the demand for firewood and charcoal. Read More..

B2B Tech News | 2 years ago          

Point Nemo facts on the farthest point on Earth from Earth

Point Nemo is the most remote place on Earth, the furthest place on the mainland. It is located in the South Pacific Ocean and lies around 2,688 kilom

Point Nemo is the most remote place on Earth, the furthest place on the mainland. It is located in the South Pacific Ocean and lies around 2,688 kilometers 1,670 miles from the nearest land. A pole of inaccessibility refers to a place that is inaccessible to reach according to set criteria. The highest point on Earth, is known as Point Nemo, is 1,680.7 miles 2,704.8 km from land. That is more than 1,700 miles 1,770 km away from the nearest islands in the South Pacific Ocean. The nearest humans are often the astronauts aboard the International Space Station. Read More..

B2B Tech News | 2 years ago          

Factorian Deep, the new deepest point in the Southern Ocean of Antarctica, mapped for the first time.

The Factorian Deep was discovered in 2019 by the American explorer and entrepreneur Victor Vescovo. Resting at a depth equivalent to about 17 Empire S

The Factorian Deep was discovered in 2019 by the American explorer and entrepreneur Victor Vescovo. Resting at a depth equivalent to about 17 Empire State Buildings stacked top to bottom, it spans roughly 600 miles 965 kilometers of the seafloor between South America and Antarctica. The trench crosses the 60th parallel to the south, an invisible parallel of latitude ,which is 60 degrees south of the equator. A new map of the Southern Oceans seafloor has released. The sea bottom chart covers more than 18.5 million square miles 48 million square km. It draws from more than 1,200 sonar data sets, collected mostly by ships passing through the region. Read More..

B2B Tech News | 2 years ago          

Climate Technology Accelerator EnergyLab joins global partnerships with New Energy Nexus.

EnergyLab is one of Australias leading clean tech startup accelerators. Partnering with Californiabased New Energy Nexus NEX will give startups a glob

EnergyLab is one of Australias leading clean tech startup accelerators. Partnering with Californiabased New Energy Nexus NEX will give startups a global reach unparalleled in Australia and the Pacific. The agreement will improve Australias climate ecosystem and allow foreign inventors to enter Australia. EnergyLab and NEX have launched a new partnership to help startups from around the world get involved in the renewable energy sector. The collaboration has already piloted the concept with Sydneybased tech business Infravision, which help electric utilities accelerate power grid modernization with droneenabled power lines. Read More..

B2B Tech News | 2 years ago          

Rising prices in the United States have hurt Kenyan investors and companies

Aggressive interest rates of large central banks in developed countries have created problems for businesses, families, and investors in Kenya. Foreig

Aggressive interest rates of large central banks in developed countries have created problems for businesses, families, and investors in Kenya. Foreign investors are shifting their money from the Nairobi Securities Exchange NSE to western capitals. The State canceled the sale of Sh115 billion Eurobond on surging yields on international markets. Kenyas stock market has suffered one of its worst weeks since the coronavirus pandemic. The total value of the shares amounted to 1,965 trillion Swedish Kronor, compared to 2,636 trillion Swedish Kronor at the beginning of the year. The NSE20 stock index closed at 1,644 points, the lowest level in 19 years. Read More..

B2B Tech News | 2 years ago          

Apple employees vote for unions in a Maryland store

Apple retailers in Dawson, Maryland, voted 65 to 33 in favor of joining the International Union of Aeronautics and Workers. The referendum cannot be i

Apple retailers in Dawson, Maryland, voted 65 to 33 in favor of joining the International Union of Aeronautics and Workers. The referendum cannot be immediately approved by the National Council on Labor Relations, which must approve the result.. Union organizing has gained momentum recently after decades of decline in U.S. union membership. Unionizing employees at the Apple store in Towson, Maryland, has won a historic victory, the International Association of Machinists and Aerospace Workers IAM said. The union is one of the largest and most diverse industrial trade unions in North America. Read More..

B2B Tech News | 2 years ago          



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