This archive report was first published on 7 October 2021.
On October 6, 2021, Google announced a $1 billion investment in Africa's digital journey over the next five years.
The company's CEO, Sundar Pichai, stated that the funds will be used to make technology more accessible to the continent's 1.2 billion people.
Google aims to bridge the digital divide by offering faster internet at lower costs, with a new subsea cable, Equiano, planned to run through South Africa, Namibia, Nigeria, and St Helena, connecting the continent with Europe.
The company has also partnered with Safaricom to make Android devices more affordable through a device financing plan.
Additionally, Google has introduced Plus Codes on Google Maps, a free and open-source addressing system to provide online addresses for millions of people without physical addresses.
Through its 'Black Founders Fund', Google will invest in African-led startups, providing cash awards and hands-on support.
The company has also set aside Sh5 billion for startups and Sh1 billion for small businesses in Kenya, Ghana, Nigeria, and South Africa to access low-interest loans.
