Bangladeshis spend seven times more for internet access

OpenRefactory, an application security company, has received a BDT 1 crore investment from Startup Bangladesh Ltd, the ICT Division’s flagship venture capital firm, in the Pre-Series A round, as per a press release. In an effort to create a thriving startup environment that supports digitalization, Startup Bangladesh has historically invested in Bangladesh’s most promising and significant firms. By funding OpenRefactory, it has continued this legacy.

The 1BIG Winner of the Bangabandhu Innovation Grant for 2021 is OpenRefactory.

Companies are shielded from software failure risks and security vulnerabilities by OpenRefactory. The main product of OpenRefactory, Intelligent Code Repair (iCR), accurately finds security, reliability, and compliance flaws in source code and automatically creates patches that are simple to implement. In addition, a Managed Security Audit service is also provided.

Source for more details:

The Future Startup

Bangladesh’s information technology exports increased by 36% in the first half of the current fiscal year, leaving the global economic recession behind.

According to data from the Export Promotion Bureau (EPB), IT firms earned $282.77 million from July to December 2022-23, up from $208.09 million in the same half of 2021-22. The shipment of computer data-processing and hosting services was the primary driver of rising earnings. It increased from $154.82 million in the previous year to $233.55 million in the six months to December.

IT exports from Bangladesh surpassed a significant milestone in the previous fiscal year, with local enterprises and freelancers earning more than $500 million USD for the first time. Local IT firms’ export earnings increased by 95% year on year to $592.06 million in FY22.

Source for more details:

The Daily Star

Over 61.1% of the entire population in Bangladesh does not have access to the Internet according to a recent international survey.

According to the Digital 2023 Global Overview Report, over 105 million people in Bangladesh were unconnected to the internet as of January 2023, making them the fourth most unconnected people in the world.

In January 2023, there were 5.44 billion mobile phone users worldwide or 68% of the entire world’s population.

Source for more details:

The Business Post

The number of active mobile internet connections decreased for the fifth consecutive month in December 2022, reaching 11.25 crore according to the Bangladesh Telecommunication Regulatory Commission. From August 2022 to December, the number decreased by 35.7 lacks.

The number of broadband connections increased, reaching 1.19 crore in December 2022 when an extra 29 lakh connections were added. The BTRC data showed, there were 6.7 lacks decreased active mobile connections in December 2022. There were 18.02 crore active mobile connections in that month compared to 18.09 crore in November 2022.

According to the report, Teletak, a state-owned mobile operator, and Grameenphone, the largest mobile operator in the nation, both lost users in December 2022 as compared to the previous month there were 7.9 crores and 66.9 lakh active mobile connections with Grameenphone and Teletalk, respectively, in December 2022.

Source for more details:

NEWAGE