Google plans $1bn stake in digital Africa

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Google has announced plans to invest $1billion over five years to support digital transformation in Africa.

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CEO of Google, Sundar Pichai, at the Google for Africa event disclosed that the investment will include the landing of the subsea cable Equiano which will enable faster internet speeds and lower connectivity costs.

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It will also include low-interest loans to help small businesses and equity investments in African startups.

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Since 2017, Google has trained 6 million young Africans and business owners in digital skills.

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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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