Google to Invest $1 Billion in Africa Over Five Years to Ensure Access to Fast, Cheaper Internet

Google intends to contribute $1 billion (generally Rs. 7,500 crores) in Africa throughout the following five years to guarantee admittance to quick and less expensive web and will back new businesses to help the mainland’s advanced change, it said on Wednesday.

The unit of US tech organization Alphabet made the declaration at a virtual occasion where it dispatched an Africa Investment Fund, through which it will contribute $50 million (generally Rs. 375 crores) in new companies, furnishing them with admittance to its representatives, organization and advancements.

As a team with not-revenue driven association Kiva, Google will likewise give $10 million (generally Rs. 75 crores) in low interest advances to help independent companies and business people in Ghana, Kenya, Nigeria and South Africa overcome the financial difficulty made by COVID-19.

Today I’m eager to reaffirm our obligation to the mainland through a venture of $1 billion more than five years to help Africa’s advanced change to cover a scope of drives from further developed network to interest in new businesses,” said Sundar Pichai, CEO of Google and Alphabet.

Google said a program spearheaded last year in Kenya in association with Safaricom that permits clients to pay for 4G-empowered telephones in portions would be extended across the mainland with versatile administrators like MTN, Orange and Vodacom.

The organization has been building an undersea link to interface Africa and Europe, which it says will bring quicker web and lower network costs.

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