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Southeast Asia’s Booming Internet Economy to Boost Fintech Growth
In the e-Conomy SEA Report 2019, released earlier this month, the companies say that the region’s Internet economy has hit a new milestone, reaching US$100 billion for the first time this year, corresponding to a 39% increase from 2018. The sector is on track to hit US$300 billion in 2025, the report says.
- Categories
- Technology
- Region
- Asia Pacific
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Why China’s Next Crop of ‘Techpreneurs’ Are Skipping Home and Eyeing a Fresh Gold Rush in New Markets
China’s tech entrepreneurs are finding that affordable innovation appeals in developing markets.
- Categories
- Entrepreneurship, Technology
- Region
- Asia Pacific
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Myanmar Telco Frontiir Bags $30M From UK Development Finance Group
CDC's investment will help Frontiir connect over 2 million people on the internet in Myanmar.
- Categories
- Technology
- Region
- Asia Pacific
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A Power Outage and Mobile Money Blackout Expose the Vulnerability of Zimbabwe’s Economy
In what seems like a never-ending cycle of misery for ordinary Zimbabweans in the last year, it is likely there will be more power cuts and ultimately more economic disruption due to the country’s currency troubles and—now, climate change.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Ethiopia Offers New Hope for Phone Providers With African Dreams
As part of an ambitious reform program, the government of Prime Minister Abiy Ahmed plans to award telecommunications licenses to two private operators next year, and sell a minority stake in Ethio Telecom.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Gap in Internet Speeds Is Widening Between Low and High Income Countries
While global average speeds increased 20% over the past year, much of that growth has happened in developed nations which are already home to established connectivity infrastructure.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Google and Facebook Are Circling Africa With Huge Undersea Cables to Get Millions Online
The big picture for these companies is that the deployment of high-capacity fiber-optic cables will ultimately improve connectivity and likely make internet costs much cheaper, allowing more Africans to get—and stay—connected. For Google and Facebook, the tens of millions of people who will come online as a result also represent a larger target market for their ever-growing cache of products and advertising services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Ethiopia’s Tech Startups Are Ready to Run the World, but the Internet Keeps Getting Blocked
As a heavily regulated market with low internet penetration, young techies in the Horn of Africa nation, he says, already suffer from the negative perception that they couldn’t be where Africa’s next high-tech workforce is nurtured.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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