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CBK orders banks to close unauthorized Flutterwave and Chipper Cash accounts

Kenyas Central Bank of Kenya CBK has said that Chipper Cash and Flutterwave were not licensed to operate in the East African country. regulators have

Kenyas Central Bank of Kenya CBK has said that Chipper Cash and Flutterwave were not licensed to operate in the East African country. regulators have ordered all financial institutions to stop trading with the two fintech companies. The lenders are to report back to CBK within seven days. The Central Bank of Kenya CBK has ordered banks to stop lending to payments startups Flutterwave Payments Technology and Chipper Cash. The payments unicorns have offices in Lagos, Nigeria, and San Francisco, US, and offer remittance services across Africa. They have no licensed remittance or payment service providers in Kenya — a major tech hub in Africa and a strategic location for the two startups. Read More..

B2B Tech News | 3 years ago          

RWS joins the Electronic Clinical Outcomes Assessment eCOA Consortium

RWS is a worldleading provider of technologyenabled language, content, and intellectual property services. The eCOA Consortium was established by the

RWS is a worldleading provider of technologyenabled language, content, and intellectual property services. The eCOA Consortium was established by the Critical Path Institute in 2011. Its 19 member firms collaborate to develop and share bestpractice recommendations for the electronic collection of clinical outcome data. RWSs expertise is built on a long history of linguistically validating over 20,000 clinical outcome assessments into 500+ language pairs in over 200 different specific therapeutic and disease areas. RWS is a worldleading provider of technologyenabled language, content, and intellectual property services. The companys stateoftheart linguistic validation process and eCOA services ensure both the accuracy and timely completion of projects. Global relationships with translators, interviewers, instrument workers, survey experts, clinicians and internal reviewers ensure that every language validation project is carried out with ease and scientific accuracy. Read More..

B2B Tech News | 3 years ago          

A human-diving robot explores shipwrecks on the sea floor

A robot developed at Stanford University investigates wrecks and sunken planes. A robot called OceanOneK makes the operator feel like an underwater ex

A robot developed at Stanford University investigates wrecks and sunken planes. A robot called OceanOneK makes the operator feel like an underwater explorer. The robots haptic sensory feedback system allows humans to feel the resistance of water and the contours of artifacts. Stanford University scientists have developed a robot that can dive more than a kilometer underwater. It is designed to be as close as possible to a human diver. The operator can control the bot, but it can operate autonomously and avoid collisions. The body of the robot is made of glass microspheres to increase buoyancy and withstand a pressure of 1000 meters. Read More..

B2B Tech News | 3 years ago          

Swvls $100 million acquisition of smart bus startup Zeelo fell amid lower tech stocks

Zeelo has dropped the news that the acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl is now terminated, citing overall market c

Zeelo has dropped the news that the acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl is now terminated, citing overall market conditions and the obvious slump in tech stocks. The April 28 acquisition was expected to close on May 24, and all precompletion obligations were met, but following financial market volatility, Swvl and Zeelo mutually agreed to terminate the planned transaction. Zeelo, the Londonbased ridesharing company, has cut a deal with electric fleet and network infrastructure provider, Zenobe to enable the former to run rides on electric vehicles, with a consequent position contribution to its netzero goals. Read More..

B2B Tech News | 3 years ago          

Alibaba, a Chinese company, fights to maintain its New York Stock Exchange listing despite an audit dispute

Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The com

Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The company was the latest of more than 270 companies added to the SECs list of USbased Chinese companies filed on Friday. The Foreign Corporations Accountability Act HFCAA aims to resolve longstanding disputes over audit compliance for Chinese companies incorporated in the United States. External auditing of business documents by local accounting firms has been banned in Beijing. Analysts estimate that Alibaba stock could raise $21 billion from major investors via StockConnect. Read More..

B2B Tech News | 3 years ago          

Leidos Raises $52M to Improve Defense Intelligence Data Interface

The Defense department will pay Leidos just $52 million to upgrade the new Wagardi mission. The system – the first tranche of Joint Project 2096 Pha

The Defense department will pay Leidos just $52 million to upgrade the new Wagardi mission. The system – the first tranche of Joint Project 2096 Phase 1 – has reached final operational capability FOC. The interface makes it easier for Defence personnel to access, discover and collaborate on ISR information.The company will be paid at least $51.9 million over the next three years to deliver an enhanced mission system under tranche two.A new contract has been awarded to Leidos for tranche two of Joint Project 2096 Phase 1, which will extend the search and discovery functionality delivered by the Wagardi mission system to deployed users in Australia and overseas. Tranche three, which is yet to begin, will focus on the integration of data from selected allied, coalition and wholeofgovernment data stores. Read More..

B2B Tech News | 3 years ago          

Shareholders task insurers on education investments

The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the

The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the standard of education for Nigerians. Dr. Anthony Omojola, the chairman of the Independent Shareholders Association of Nigeria ISAN, thanked the company for the dividend payment at a time when the majority of businesses arent considering the welfare of their shareholders. Segun Adebanji, the CEO of the insurance company, advised the companys managers and stockholders to continue the growth trajectory despite the challenging business environment. Additionally, the shareholders praised Cornerstone Insurance Plc for creating jobs, maintaining a gross premium income GPI of N20.9 billion, and paying dividends on time. Read More..

B2B Tech News | 3 years ago          

The potential of offshore wind energy in Latin America

30 years after the installation of the worlds first offshore wind farm, Latin America is starting to show interest. Offshore wind power provides more

30 years after the installation of the worlds first offshore wind farm, Latin America is starting to show interest. Offshore wind power provides more reliable and scalable generation than conventional wind power. Avoid the territorial disputes that often arise in offshore wind farms. Brazil and Colombia took the first steps towards industrial development. The offshore wind industry has seen rapid growth, particularly in China and OECD countries. Last year, the wind industry set a record for new offshore wind installations with a global capacity of 21 GW. Brazil and Colombia are the countries most advanced in offshore wind legislation. The World Bank has estimated the technological potential of about 8,000 GW in the regions watershed. Read More..

B2B Tech News | 3 years ago          



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