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In October last year, Sendy, a Kenyan logistics scale-up, wound up its supplies service, which enabled retailers to purchase FMCGs directly from manufacturers, saying it was directing all its focus on its end-to-end fulfillment offering. Months later, the company is ceasing on-ground operations in Nigeria, one of its four markets in Africa. This means that
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Amazon detailed the costs of its content business during its fourth-quarter earnings on Thursday, citing that its content expenses jumped to $16.6 billion in 2022, a 28% increase from $13 billion in 2021. According to Chief Financial Officer Brian Olsavsky, around $7 billion of that figure went toward Amazon Originals, live sports programming and licensed third-party
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Dmytro Bilash Contributor The EU will invest €13.5 billion in research and innovation for 2023-2024 as part of the Horizon Europe program. For the first time in the program’s history, it will include targeted support for Ukraine. This is one of the first real steps toward Ukraine’s integration with the EU and I can’t be
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SunFi, the Nigerian clean tech startup that connects people and businesses who want solar energy access to payment plans that match their needs, has raised $2.325 million in seed funding. The self-described energy financial tech platform received backing from lead investors Nairobi-based Factor[e] and SCM Capital Asset Management and participating investors such as Voltron Capital,
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Netflix and General Motors announced today that the streaming service will join the automaker’s “Everybody In” campaign that aims to accelerate mass adoption of electric vehicles. As part of the partnership, the streaming service says it will increase the presence of EVs in Netflix-produced TV shows and movies, where relevant over the course of the
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Nikola CEO Michael Lohscheller joins Ed Ludlow to discuss the EV maker’s 2023 outlook, supply chain challenges, and the importance of owning its own batteries. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here: Get the latest in tech from Silicon
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Maybe nothing ever truly dies in Apple land. The Mac Pro went on an indefinite hiatus as the hardware design team regrouped and reengineered. MagSafe appeared to be gone forever, only to be reborn in altered form on MacBooks of recent vintage. Various models and sizes across different lines have been phased out, only to
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New School Foods said its muscle fiber and scaffolding technology to produce whole-cut fish alternative products is now at a point where it can be demonstrated and a pilot facility built. The company’s first product is a plant-based filet that looks, cooks, tastes and flakes like wild salmon. The announcement comes after the Toronto-based plant-based
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