Google will invest a billion dollars in Africa

LAGOS (Reuters) – Google said on Wednesday it wanted to invest $ 1 billion (870 million euros) in Africa over the next five years to ensure faster and cheaper Internet access and support the continent’s digital transformation.

The unit of the American technology company Alphabet Inc has launched a fund for Africa to invest 50 million dollars in start-ups, giving them access to its employees, its network and its technologies.

In collaboration with the non-profit organization Kiva, Google will also provide $ 10 million in low-interest loans to help small businesses and entrepreneurs in Ghana, Kenya, Nigeria and South Africa overcome economic difficulties related to COVID-19.

The company said a program launched last year in Kenya in partnership with mobile operator Safaricom, which allows customers to pay in installments for phones equipped with 4G technology, will be rolled out to other mobile operators such as MTN, Orange and Vodacom throughout the continent.

Google has built a submarine cable to connect Africa and Europe, which it says will provide a faster and cheaper connection.

(MacDonald Dzirutwe report, French version Federica Mileo, edited by Jean-Michel Bélot)

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