Google has announced a commitment to invest $1 billion in Africa’s digital transformation over the next five years.
Sundar Pichai, Google’s CEO, confirmed the news on Wednesday at the Google for Africa event.
The investment, he claims, will include the landing of the Equiano subsea cable, which will enable higher internet speeds and reduced connectivity prices.
It will also include low-interest loans to help small businesses and equity investments in African startups.
Since 2017, Google has trained 6 million young Africans and business owners in digital skills.
Google has also supported more than 50 non-profits across Africa with over $16 million of grants and enabled 100 million more Africans to access internet services for the first time through Android.
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