Google Plans To Invest $1 Billion In Africa’s Digital Development
The billion-dollar investment, which will last five years, would be used to improve a variety of African projects and to finance startups
By Omotayo Olutekunbi
Google, the global technology giant, has reaffirmed its pledge to invest one billion dollars in Africa’s digital transformation.
Sundar Pichai, Google’s CEO, made the announcement on Wednesday during the Google for Africa virtual event.
According to Pichai, the billion-dollar investment, which will last five years, would be used to improve a variety of African projects and to finance startups.
Pichai said, “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.”
Nitin Gajria, Managing Director of Google in Africa, claimed that African engineers and startup founders are capable of tackling Africa’s most pressing challenges, therefore the need for investment.
Gajria said, “I am so inspired by the innovative African tech startup scene. In the last year, we have seen more investment rounds into tech startups than ever before.
“I am of the firm belief that no one is better placed to solve Africa’s biggest problems than Africa’s young developers and startup founders. We look forward to deepening our partnership with, and support for, Africa’s innovators and entrepreneurs.”
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