To increase the internet penetration rate in Africa to 51% by 2025, The Smart Africa Alliance, a group of primarily 32 African countries, has teamed up with Japanese technology giant, SoftBank, on the use of non-terrestrial connectivity to spread internet access to underserved regions on the continent.
Super.mx provides the emerging Latin American middle class with insurance that is easy to buy – it can be bought on a cell phone in minutes – and that pays quickly with no adjusters. It’s an MGA, or managing general agent, meaning they handle the entire user experience just like a direct-to-consumer carrier, but with the breadth of product choice offered by an aggregator. The company just raised a $7.2 million Series A from ALLVP Venture Capital, who are convinced that insurtech is the “next frontier” in financial inclusion in... Read More >
Kenya’s leading telecoms company, Safaricom, has launched its long-awaited M-Pesa Super App, which comes with an offline mode and a mini-app functionality.
Google is facing another antitrust lawsuit, this time in Canada, specifically focusing on anti-competitive practices in online advertising. The Competition Tribunal has been asked to order Google to sell two of its ad tech tools, prohibit future anti-competitive practices and fine the company billions of dollars. In response, Google points to a highly competitive market offering plenty of alternatives.