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Google CEO Announces $1B Investment In Africa To Support Its Digital Transformation

One mission Google has is to invest in initiatives that aid digital transformation, and their latest funding will go toward the continent of Africa. During its very first “Google for Africa” on Oct. 6, CEO Sundar Pichai announced that the company will invest $1 billion over the next five years in tech-led initiatives in Africa, according to TechCrunch. “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,” Pichai said during the virtual event. “Today I’m excited to reaffirm our commitment to the continent through an investment of $1 billion over five years to support Africa’s digital transformation to cover a range of initiatives from improved connectivity to investment in startups.” The $1 billion investment will go toward “landing a subsea cable into the continent to enable faster internet speeds, low-interest loans for small businesses, equity investments into African...

Oct 6, 2021