Category: BUSINESS

New: IoMT Market is expected to grow worldwide

Staff Writer
IoMT

Global Internet-of-Medical-Things (IoMT) market is expected to register a CAGR of 38.67% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the efficiency of resources and available infrastructure due to the usage of IoMT. Few of the major competitors currently working in the global Internet-of-Medical-Things (IoMT) market are LifeFuels Inc.; GENERAL ELECTRIC COMPANY; CARRÉ TECHNOLOGIES INC.; Breathometer Inc.; Medtronic; Meru Health, Inc.; Boston Scientific Corporation; Atlas Wearables, Inc.; Proteus Digital Health;…

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Fuji Xerox rebrands to New Fujifilm Business Innovation

Staff Writer
Fuji Xerox

Fuji Xerox has re-branded and will be known as Fujifilm Business Innovation as of 1 April 2021 as part of the company’s plans to focus on its existing businesses and expand into new business areas such as cloud, artificial intelligence, and the Internet of Things. Affiliates and sales companies in and outside of Japan will also change their names respectively on the same date, but Fuji Xerox said their new names will be revealed at a later date. The re-branding comes as the company also announced it would not be…

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African New Startups in the credit scoring space

Staff Writer

African startups with solutions in the credit scoring and financing space will have the chance to secure a testing phase for their technologies with French utility company ENGIE at Africa Tech Summit Kigali in February. Taking place for the third time on February 4-6, Africa Tech Summit Kigali brings together tech leaders, MNOs, banks, investors, entrepreneurs, governments, trade bodies and media to drive investment and collaboration in the African tech space. For the second year, Disrupt Africa has reprised its partnership with Africa Tech Summit Kigali to host the two-day Africa Startup Summit,…

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Paxful and Binance new partnership to provide financial inclusion

Staff Writer
Paxful

Binance has announced a partnership deal with Paxful, to provide financial inclusion around the globe. Starting immediately, Paxful- a peer-to-peer bitcoin (BTC) marketplace and web-based Virtual Bitcoin Kiosk – will be integrated and directly available on the Binance platform for new and existing Binance users. Binance is a leading global cryptocurrency exchange by trading volume and users. “Paxful is proud to be partnering with Binance in our joint efforts to bring bitcoin to the masses,” said Ray Youssef, CEO and co-founder of Paxful. “They share our passion and vision for the…

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Microsoft 4Afrika pledges its new support to farmers

Staff Writer

Microsoft, through its 4Afrika Initiative has pledged support to the One Million Farmers Platform through disruptive agricultural technologies. As part of the partnership, Microsoft will be providing technical and business support to 14 Kenyan innovators selected to build technology solutions for the platform, a World Bank initiative, that aims to improve the productivity, profitability and resilience of one million African farmers. “Agriculture is a priority area of investment for us, not only because of the enormous number of livelihoods it supports and the economic growth it drives, but also because it…

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The Internet and Mobile taking over the new delivery space

Staff Writer
Food

For the longest time, restaurants held takeaways as an afterthought. Well, not anymore. The food catering business has gone past the takeout era and has evolved so much that delivery has become the hot trend in Kenya. The great digital revolution, burgeoning e-commerce and the convenience of mobile money which allows buyers to pay for their deliveries right off their phones, has spurred a whole new industry that is today the food delivery market. And Kenyans, enticed by the convenience of ordering online from their favorite local restaurants and having…

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High Tech Solar pumps for underground freshwater

Staff Writer
pump

High-tech solar pumps mapping underground freshwater reservoirs across Africa are collecting data that can help prevent them running dry, the project’s developers said on Tuesday. Manufactured by British social enterprise Futurepump, the solar pumps are being used by thousands of small-scale farmers in 15 African nations, including Kenya and Uganda, as a cleaner, cheaper option to diesel and gasoline-powered ones. The pumps’ sensors record real-time data such as energy usage and pump speed in each location, which is shared with the International Water Management Institute (IWMI) to calculate groundwater extraction…

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Big tech companies accused of Child labor

Staff Writer
Children

Big tech companies, Apple, Google, Microsoft, Tesla, and Dell have all been named in a federal lawsuit from parents who say their children were injured or killed in cobalt mines in the Democratic Republic of the Congo, The Guardian first reported. International Rights Advocates , a human rights litigation and advocacy group, filed the suit yesterday in the US District Court for the District of Columbia on behalf of 14 Congolese children and parents, accusing the five major companies named in the suit of “knowingly benefiting from and aiding and abetting the cruel and brutal…

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Mali based insurtech new startup OKO Finance

Malian insurtech startup OKO Finance has helped many rural farmers to access crop insurance for the first time ever. Founded in 2017, OKO develops affordable mobile-based crop insurance products to provide smallholder farmers with the financial security they need, regardless of unstable climate trends. CEO Simon Schwall, spoke to ITBusinessDirect about their plans and activites, here is the conversation What is the story behind OKO Finance? Before starting OKO I worked for a very successful micro-insurance provider called BIMA. I was their local CEO in Papua New Guinea and Fiji…

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New tax on Digital Markets under new law

Staff Writer
Tax

Kenya will start levying new tax on digital markets under a new law signed by the President early in November. The Finance Act seeks to broaden the Income Tax Act net to include income accruing through a digital market place. The law defines the digital marketplace as “a platform that enables direct interactions between buyers and sellers of goods and services through electronic means.” In addition, a similar change has been made to the VAT Act making digital market services subject to value-added tax. It’s not clear yet who will be affected or how the…

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