Google to invest US$1 billion in Africa over five years

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LAGOS: Google plans to invest US$1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent\u0027s digital transformation, it said on Wednesday (Oct 6). The unit of US tech company Alphabet Inc made the announcement at a virtua

LAGOS: Google plans to invest US$1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent's digital transformation, it said on Wednesday .

In collaboration with not-for-profit organisation Kiva, Google will also provide US$10 million in low interest loans to help small businesses and entrepreneurs in Ghana, Kenya, Nigeria and South Africa get through the economic hardship created by COVID-19.

 

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