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HomeInfrastructure Project NewsMajor Tech Company vows an investment boost in Africa

Major Tech Company vows an investment boost in Africa

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 ensuring internet is accessible and affordable to every African, while also supporting entrepreneurship, building helpful products and strengthening small businesses in the region. “Today I’m excited to reaffirm our commitment to the continent through an investment of $1bn over five years to support Africa’s digital transformation to cover a range of initiatives from improved connectivity to investment in start-ups,” he said in his address.

It was also revealed that the California-based company has launched a host of other efforts to boost economic growth in Africa, including the building of a subsea cable along the costs of South Africa, Namibia and Nigeria to connect the continent to Europe in order to bring faster internet to Africa at lower connectivity costs. Moreover, Google also intends to strengthen small businesses in several Commonwealth nations, namely South Africa, Nigeria, Kenya and Ghana, by providing them with US$10 million in low-interest loans.

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