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Despite structural problems, the Moroccan startup ecosystem is thriving

The PnP Batch 3 Expo Day was held in Casablanca on July 6. Aspiring young entrepreneurs and alumni from the first and second batches attended. The lis

The PnP Batch 3 Expo Day was held in Casablanca on July 6. Aspiring young entrepreneurs and alumni from the first and second batches attended. The list of selected startups consists of both newly founded and relatively established startups. It featured edtech startups Smart Prof and Kezakoo, craftsmanshipfocused startup MyTindy, and sustainable mobility solution POGO. In May, although MENA startups raised $176 million, only 0.4% of total investments went to femaleled startups. In the latest PnP batch, only one startup was founded and led by a female entrepreneur. With 80% of capital invested in Africa coming from the West, many entrepreneurs worry that uncertainty amid the ongoing economic crises might lead to a cut in funding. Read More..

B2B Tech News | 2 years ago          

TCS will consider a provisional dividend today

Today, TCS, a Tata company, is expected to release its financial results from April through June 2022. The board will also consider paying equity shar

Today, TCS, a Tata company, is expected to release its financial results from April through June 2022. The board will also consider paying equity shareholders an interim dividend. Due to a wage increase and an increase in other expenses, Yes Securities anticipates TCS will report a sequential decrease in Q1 margin. This year, the US dollars value relative to the rupee has increased by about 6%. For largecap IT companies, revenue growth in US dollars is expected to be 24 percent year on year. Yes, Securities anticipates crosscurrency headwinds of approximately 20130bps, which would slightly temper the reported USD revenue growth. Read More..

B2B Tech News | 2 years ago          

Romania Q1 GDP + 6.4% y / y vs preliminary estimate 6.5% Statistics

According to official data, Romanias economy grew by 6.5% in the first quarter of 2022 and decreased by 0.1% in the same quarter of 2021. According to

According to official data, Romanias economy grew by 6.5% in the first quarter of 2022 and decreased by 0.1% in the same quarter of 2021. According to the National Statistics Office, Romanias GDP grew by 5.2% on a seasonally adjusted annual basis. Experts from the Ministry of Finance expect Romanias economic production to increase by about 2.9%. GDP data for the third quarter of 2021 have been revised from the previous forecast of 0.4% growth Read More..

B2B Tech News | 2 years ago          

WHO DirectorGenerals keynote address at Member States briefing on COVID19 and other issues

This obscures the real picture of an evolving virus and the true burden of COVID19 disease around the world. This includes the elderly, people with ch

This obscures the real picture of an evolving virus and the true burden of COVID19 disease around the world. This includes the elderly, people with chronic illnesses, immunocompromised people, and healthcare professionals. Four of the six WHO subregions have seen the number of cases increase in the past week. WHO and the World Bank will colead a fund to strengthen pandemic health emergency response capacity, with a focus on low and middleincome countries. More than 7,000 cases of monkeypox have been recorded in 60 countries, with Europe recording more than 80 percent of cases globally. Read More..

B2B Tech News | 2 years ago          

GameStop fires its chief financial officer, shares drop

Video game retailer GameStop said on Thursday it had terminated the employment of Chief Financial Officer Michael Recupero, sending shares of the vide

Video game retailer GameStop said on Thursday it had terminated the employment of Chief Financial Officer Michael Recupero, sending shares of the video game retailer down 8% in extended trading. The exit was first reported by Axios, who also said the company was laying off an unknown number of employees, citing a memo. Shares of GameStop jumped 15% in afterhours trading after the company announced a fourforone stock split. CEO Tony Recupero will be replaced by Diana SaadehJajeh as part of efforts to focus on online sales. The retailers shares were down about 21% this year as interest waned amid a market selloff on recession fears and concerns about the economy. Read More..

B2B Tech News | 2 years ago          

Grundfos has added 12 new digital water projects to its portfolio.

Grundfos Ghana Water Initiative GWI is developing twelve additional sites in collaboration with the Community Water and Sanitation Agency. Following t

Grundfos Ghana Water Initiative GWI is developing twelve additional sites in collaboration with the Community Water and Sanitation Agency. Following the success of the SmartTech clean water pilot project in Abomos. The additional facilities will provide access to safe water for more than 100,000 people in rural Ghana by the end of 2023.GWI aims to reach one million people in underserved communities in Ghana with clean water by 2026. Grundfos Ghana Water and the Ghana Water Supply Authority GWI have been working together to improve access to clean drinking water for over eight million people in Ghana. The Abomosu project upgraded an existing system that had fallen into disrepair, requiring new boreholes, piping, and treatment system, as well as water ATMs. Madam Anise Sacranie, SafeWaters Senior Partnership Development Manager said the next step is to take the model to scale, encouraging private sector engagement and entrepreneurship to establish financially sustainable, highquality wat Read More..

B2B Tech News | 2 years ago          

Fintech startup Innoviti raises $ 45 million led by Singaporebased Panthera Growth Partners

Innoviti Payments Solutions has raised 45 million dollars in debt and equity. Innovitis Series D funding included an equity round that was led by Pant

Innoviti Payments Solutions has raised 45 million dollars in debt and equity. Innovitis Series D funding included an equity round that was led by Panthera Growth Partners, a Singaporebased investment firm. According to the company, its platform is used by more than 20,000 retailers across 2,000 cities. Innoviti states that it processes an annualized purchase volume of more than Rs. 75,000 crores. Additionally, the business provides retailers in the food, apparel, healthcare, and electronics industries with categoryspecific purchase solutions. For the second consecutive month, UPI transactions exceeded 10 trillion in June. Read More..

B2B Tech News | 2 years ago          

TMobile replaces Huaweis 5G technology with Swedish Ericsson

Swedish Ericsson offers TMobile a new 5G wireless network The contract is signed in 2017 with the current supplier Huawei is not been renewed. In the

Swedish Ericsson offers TMobile a new 5G wireless network The contract is signed in 2017 with the current supplier Huawei is not been renewed. In the past, Australia, Canada, New Zealand, the United Kingdom, and the United States have also banned Huawei devices from 5G networks. KPN is the only Dutch telecommunications operator to use Huawei in its 5G network but has excluded Huawei from its core network, using Ericsson. The decision to replace Huawei with Ericsson is not a surprise given Chinas laws requiring stateowned enterprises to work with intelligence agencies. TMobile also outsourced network management and maintenance to Huawei. Read More..

B2B Tech News | 2 years ago          



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