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Business / startupuniversal

CATL targets small-scale production of solid-state batteries by 2027: report

CATL plans to produce solid-state batteries on a small scale by 2077. Credit: CATL Chinese battery manufacturer and technology company Contemporary Amperex Technology Co. Limited (CATL) []

29 Apr 2024 8:40 pm
ByteDance fires 61 employees in anti-corruption move

ByteDance has fired 61 employees for violating laws and company policies, citing reasons including bribery and leakage of internal information, according to Chinese media outlets that []

29 Apr 2024 8:40 pm
Bank of Ugandas ID Verification directive for transactions above $260 faces resistance

The news: The Bank Of Uganda (BoU), the East African countrys apex bank, has issued a directive that makes ID verification compulsory for all digital transactions []

29 Apr 2024 8:39 pm
Killerroboter: Auf dem Weg zur Regulierung

Die Frage nach der Regulierung von autonomen Waffensystemen (AWS), auch bekannt als Killerroboter, steht erneut im Fokus einer internationalen Diskussion. In der Wiener Hofburg finden am []

29 Apr 2024 8:20 pm
Ethiopias Kubik raises an additional $1.9 million seed to scale

Kubik, an Ethiopian startup that recycles plastic waste into low-cost, environmentally friendly building materials, has raised $1.9 million in a seed extension round to expand its []

29 Apr 2024 8:07 pm
Sustainable Tech Startup Kubik Raises $5.2 Million Seed Funding To Scale Production

Kubik, an African sustainable tech startup in Ethiopia, has raised a $5.2 million seed funding round. The seed round makes it the first Ethiopian company to []

29 Apr 2024 8:06 pm
Cameroon seizes Starlink kits ahead of service disconnection on April 30

Cameroon is reportedly seizing Starlink kits at its borders because the Internet service provider is not yet licenced in the country. This comes ahead of Starlinks []

29 Apr 2024 7:38 pm
Unlocking Employee Potential: The Rise of ESOPs in European Business

People are guided by various motivations in both their professional and personal lives. When we talk about the professional sphere, there are three main categories of []

29 Apr 2024 7:33 pm
Schengen Visa Rejection Rates (2022)

Henley Global put out its list of the top countries with the highest rejection rates when it comes to Schengen visas. According to the report, Algeria, []

29 Apr 2024 7:30 pm
African universities are failing to prepare tech graduates for jobs in AI

Students participate in a two-day hackathon for data scientists organized by Zindi. Courtesy Zindi After she graduated with a computer science degree from a state university []

29 Apr 2024 7:30 pm
Vinted reaches profitability and reports 61% revenue growth last year

Vinted, the Lithuanian startup which has become one of Europes best-known second-hand marketplaces, has hit profitability for the first time. In its annual report, the company []

29 Apr 2024 7:26 pm
Tencent updates WeChat Pay to facilitate easier payments for foreign visitors

The Chinese government, eager to rejuvenate its tourism sector in the wake of the pandemic, has implemented measures to facilitate easier payments for foreign visitors. The []

29 Apr 2024 7:09 pm
Wasoko denies Rwanda exit as it ramps up hiring across East Africa

Wasoko, a Kenyan e-commerce platform backed by Tiger Global and 4DX Venture, has refuted claims that it has closed its Rwandan operations weeks after exiting Zanzibar []

29 Apr 2024 7:00 pm
Ghana Has Approved Starlink in Ghana. What Happens Next?

Last week, Ghanas National Communications Authority (NCA) granted the green light to Space X for use of its Starlink Internet Satellite service in the country. Ghana []

29 Apr 2024 6:45 pm
Daniel Eks body scanning healthtech Neko Health is expanding to the UK

Spotify founder Daniel Eks healthtech startup Neko Health opened its first body scanning facility in Stockholm in February last year and has gone on to complete []

29 Apr 2024 6:30 pm
Qualcomm Announces Shortlisted Startups For Make In Africa 2024 Program

Qualcomm has announced the shortlisted startups for its Make in Africa 2024 program. The equity-free mentorship program identifies promising early-stage startups keen on applying advanced connectivity []

29 Apr 2024 6:12 pm
Leatherback Partners With MCB Bank For Pakistan Rupees Remittances and Payouts

Leatherback, a global banking service provider for individuals and businesses, has partnered with MCB Bank, Pakistans largest commercial bank, to power more business and lifestyle opportunities []

29 Apr 2024 5:59 pm
Talent Garden & ViennaUP: Prominent besetztes Panel fr Smart Living und mehr Resilienz in Krisensituationen

Am 3. Juni 2024 startet die ViennaUP, das grte, dezentrale Startup Festival in Europa, geht in die nchste Runde. Bis zum 9. Juni findet in Wien []

29 Apr 2024 5:50 pm
Temu aims to triple sales to $60 billion globally in 2024: report

Chinese e-commerce platform Temu has set a $60 billion sales goal for this year that would more than triple the roughly $18 billion it brought in []

29 Apr 2024 5:28 pm
Deals in brief: RayGen and Uncharted secure funding, Temasek and BlackRock close USD 1.4 billion climate fund, Bahrains Investcorp teams up with China, and more

RayGen Resources bags close to USD 33 million in Series D round RayGen Resources, an Australian solar and storage technology company, has secured close to USD []

29 Apr 2024 5:00 pm
DONT CALL IT DEO: Sechsstelliges Investment mit Raiffeisen Salzburg Startup eGen

Wenn es luft, dann lufts: DONT CALL IT DEO gibt den Abschluss einer weiteren Finanzierungsrunde in sechsstelliger Hhe mit der Raiffeisen Salzburg Startup eGen bekannt. []

29 Apr 2024 4:58 pm
South Africas regulator tightens transaction rules for crypto asset service providers

South Africas Financial Intelligence Centre (FIC) has issued a draft directive to ensure that accountable institutions that provide crypto asset services adhere to and implement the []

29 Apr 2024 4:54 pm
Crispr: US startup Profluent uses AI for genetic scissors

The so-called Crispr genetic scissors have long been considered the future of medicine, which should make it possible to combat diseases with the highest precision and []

29 Apr 2024 4:30 pm
NCC pushes for infrastructure sharing to cut telecom costs in Nigeria

Bonjour, Victoria from Techpoint here, Heres what Ive got for you today: NCC pushes for infrastructure sharing to cut telecom costs in Nigeria Regulator wants Glovo, []

29 Apr 2024 4:30 pm
OpenAI und ChatGPT: Beschwerde werden Verbreitung von Falschinformation

KI-Chatbots wie ChatGPT geben oftmals unrichtige Informationen ber Personen raus. Das ist ein Problem, denn in der Datenschutz-Grundverordnung (DSGVO) der EU wird das Prinzip der Datenrichtigkeit []

29 Apr 2024 3:53 pm
Verschlechterte Verhltnisse zwischen Startup-Grnder:innen und ihren Investoren

Gebrochenes Herz. Kelly Sikkema auf Unsplash Es ist eine alte Weisheit im Startup-Business: Geht es Grnder:innen gut, geht es Investor:innen gut, und umgekehrt denn []

29 Apr 2024 3:34 pm
TechCabal Daily The ABCs of Alphabets first-ever dividends

Good morning Were trying something new in TC Daily. Were introducing a new column called Techxperts Talk where bi-weeklyevery other Mondaywell share insights from stakeholders []

29 Apr 2024 3:00 pm
Inside Opus: The exclusive founders club backed by British royalty launching in Dubai

This article is part of a Sifted series exploring European techs relationship with the Gulf. In Dubais Al Qouz district a group of tech founders, family []

29 Apr 2024 2:30 pm
Ecolets: Krntner Familien-Startup macht berschssige Schafwolle zu Biodnger

2017 hat ihre unternehmerische Reise begonnen, als sie die elterlichen Land- und Forstwirtschaft bernommen haben und heute knnen Julia und Martin Weitschacher von sich behaupten: []

29 Apr 2024 2:30 pm
44% of startups score their investors a 1 out of 5 on helpfulness

The economic downturn might be easing up but founder-investor relations havent taken a turn for the better yet. According to a new Sifted survey conducted []

29 Apr 2024 2:30 pm
This digital health startup was on the verge of bankruptcy 18 months ago. Now its expanding to the US

In mid-2022, things didnt look great for the digital health startup Joint Academy. The digital therapeutics startup for arthritis patients had just lost its largest paying []

29 Apr 2024 2:30 pm
IBM sues a Zurich-based startup over unlawful use of mainframe technology

US computer giant IBM is taking Zurich-based startup LzLabs to court, alleging that it made unlawful use of parts of its software. LzLabs product helps its []

29 Apr 2024 2:30 pm
Elon Musk visits China, eyes local full self-driving tech launch

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29 Apr 2024 1:03 pm
Malaysias new tech hub plan rehashes old ideas. Heres what it needs to do instead

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29 Apr 2024 10:31 am
Tawaref Series: Saudi corporate annual operating costs explained

After understanding the CapEx costs (hard costs and setup partner fees) involved in establishing a business in Saudi Arabia, the next important aspect to consider is []

29 Apr 2024 7:28 am
China issues 95 game licenses for April, including for Tencents Carbon Island and NetEases Broken Land

The National Press and Publication Administration of China (NPPA) on Friday released 95 approval licenses for domestic games for April, including 94 mobile games, seven PC []

28 Apr 2024 7:17 pm
BMW to invest further $2.76 billion to adjust to EV shift in China

The BMW Brilliance Automotive (BBA) Shenyang production base is the BMW Groups largest production base in the world with an annual capacity of 800,000 vehicles. Credit: []

28 Apr 2024 6:46 pm
Elon Musks xAI is close to a $6 billion round

The rumors are intensifying. After it was announced several weeks ago that the AI startup xAI, which he co-founded, wanted to raise $4billion, Techcrunch is now []

28 Apr 2024 6:30 pm
Chinese government offers new subsidies to rev up auto demand

Credit: 123rf Chinese consumers are being offered at least RMB 7,000 ($986) in subsidies to trade in their old, less environmental-friendly vehicles for new and more []

28 Apr 2024 5:14 pm
Air China announces purchase of 100 C919 aircraft for $10.8 billion

Air China announced on Friday that the state-owned company signed an agreement with Commercial Aircraft Corporation of China (COMAC) to purchase 100 C919 aircraft. The 100 []

28 Apr 2024 4:44 pm
Ghana reverses its decision, approves Starlinks broadband service application

The National Communications Authority (NCA) has approved SpaceXs Starlink to operate in Ghana, allowing the company to provide satellite broadband services to the country. This development []

28 Apr 2024 3:14 am
Canal+ continues its share acquisition spree at Multichoice

Canal+, a French media company, has acquired an additional 3,374,668 shares in MultiChoice, bringing its total stake to 41.59%. This acquisition comes just days after Canal+ []

28 Apr 2024 3:00 am
MTN MoMo South Africa becomes the first non-banking player to offer PayShap

MTN South Africa has partnered with Investec and Electrum to introduce PayShap, an instant payment platform, on its MTN Mobile Money (MoMo) platform to close the []

28 Apr 2024 2:58 am
Gambia and Guinea plan to have new subsea cable

Guinea and Gambia have reportedly signed a Memorandum of Understanding (MoU) to establish a second subsea optical fibre cable in the near future. Rose Pola Pricemou, []

28 Apr 2024 2:29 am
Lagos State Government and Uber settle real-time data sharing dispute after month-long standoff

The news: After a month-long dispute between the Lagos State Government and mobility company Uber, the two parties finally reached an agreement over the 2020 real-time []

28 Apr 2024 2:26 am
Bank Of Uganda Orders ID Verification Of Digital Transactions Above $260

The Bank Of Uganda (BoU) has issued a directive for the ID verification of all digital transactions that are above one million Uganda shillings ($260). All []

27 Apr 2024 9:28 pm
Nigeria Planning To Set Up $10 Billion Diaspora Fund To Attract Investment

According to Bloomberg, Nigeria is planning to set up a $10 billion diaspora fund to attract investment from its citizens living abroad to support critical sectors []

27 Apr 2024 8:43 pm
Investing Globally From Silicon Valley: Comments From an Early-Stage Investor

The startup ecosystem is like a puzzle. There are many pieces that need to fit with one another to make a picture. Translated to the startup []

27 Apr 2024 4:38 pm
Japan to collaborate on Chinese payment services with joint QR code

News Written by Nikkei AsiaPublished on27 Apr 20242 mins read The industry is aiming to start mutual use of QR code payment systems in Southeast Asia []

27 Apr 2024 10:00 am
Chilean paytech Fintoc raises $7M in Series A

byHellen VillenaApril 26, 2024No comments1 minute read Chilean instant payments API startup Fintoc raised a $7M Series A round led by Propel. Monashees, who previously led []

27 Apr 2024 8:22 am