At its first ever Google for Africa occasion, Google has introduced that it’s going to make investments $1bn within the continent in an effort to assist digital transformation throughout Africa.
Google and Alphabet CEO Sundar Pichai led the virtual event wherein the search large laid out its plans to land a subsea cable into the continent to supply sooner web speeds, supply low-interest loans for small companies, make investments into African startups and extra.
One of many causes behind Google’s funding is that it desires to assist foster innovation in Africa that can then unfold all through the world. For example, African customers had been among the many first to entry the web by means of a cellphone quite than by means of a pc and mobile money was ubiquitous in Kenya earlier than being adopted by the remainder of the world in keeping with a brand new blog post from Pichai. Google expects this momentum to extend as 300m individuals log on in Africa over the following 5 years.
Picahi mirrored on the corporate’s progress in Africa thus far and defined that there’s nonetheless extra work to be carried out throughout his speech at Google for Africa, saying:
“We’ve made large strides collectively over the previous decade — however there’s extra work to do to make the web accessible, reasonably priced and helpful for each African. At this time I’m excited to reaffirm our dedication to the continent by means of an funding of $1 billion over 5 years to assist Africa’s digital transformation, to cowl a spread of initiatives from improved connectivity to funding in startups.”
Equiano subsea cable
As a part of its efforts in Africa, Google will put money into initiatives that will probably be applied in international locations throughout the continent together with Nigeria, Kenya, Uganda and Ghana.
The brand new Equiano subsea cable will join Africa to Europe by slicing throughout South Africa, Namibia, Nigeria and St Helena. In response to managing director for Google in Africa Nitin Gajria, this new cable will present roughly 20 occasions extra community capability than the final cable constructed to serve Africa.
On the similar time although, Equiano will result in a 21 p.c discount in web costs whereas growing velocity in Nigeria and virtually tripling speeds in South Africa. This new subsea cable can also be projected to create round 1.7m jobs in Nigeria and South Africa by 2025.
We’ll probably hear extra about Google’s new Equiano subsea cable and the way it has elevated web speeds in Africa as soon as it has been deployed.
By way of TechCrunch