At the first Google for Africa event held today, October 6, 2021, global Internet giant, Google, has announced significant initiatives for the African continent. They include a $50 million venture fund for black-led African startups, small business loans, grants for non-profits, and most importantly, the launch of Equiano, a subsea Internet cable to increase Africa’s Internet capacity
In partnership with Safaricom, Google will also be kick-starting a device financing plan to ensure people actually have smartphones and other Internet-enabled devices to access the Internet.
A little over a year ago, Google announced similar initiatives and affirmed plans to deepen Internet access in Africa and contribute to the continent’s digital transformation. While we could open discussions about Google’s impact later, CEO, Sundar Pichai, reaffirmed this again today.
“We’ve made huge strides together over the past decade — but there’s more work to do to make the internet accessible, affordable and useful for every African. Today I’m excited to reaffirm our commitment to the continent through an investment of $1B over five years to support Africa’s digital transformation to cover a range of initiatives from improved connectivity to investment in startups.” Continue reading
Image: techpoint.africa