• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration
    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa
    AfriMoney in complicity with Watu – an Asset FinTech disclose ‘Okada Bomba’ Promotion
    Initiative Launched to Enhance Food Security & Fight Climate Change in West and Central Africa
    Africa Continues to Lead in Mobile Money Adoption, With Over $403 Billion in Transactions, Report
    …as it strives to boost its Storage Facility, Kenya Pipeline Company (KPC) ventures to upgrade Facilities
    Ecobank Launches Leadership Training Programme to Support Women-Owned Businesses Across Africa
    Equatorial Guinea and DR Congo Strengthen Energy Relations to Enhance Oil and Gas Development
    Digital Farming in Zimbabwe: FarmBuzz Provides Solutions for Farmers to Improve Productivity
    Energy Security: Zambia, Angola Sign Cooperation Agreement in an Effort to Ensure Stability in the Economy

    $1 Billion to be Capitalized in Africa by Google in a bid to enhance Internet access to Finance startups concentrated on Africa’s Digital Transformation

    Posted On 08 Oct 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 12

    By Abdul Rahman Bangura–

    Photo Credit: Unsplash

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The search engine giant, a unit of Alphabet Inc., inaugurated the Africa Investment Fund, that will subsidize $50 million in startups and empower those corporations with access to Google employees, its network, and other technologies.

    In partnership with the nonprofit organization Kiva, Google announced, it will contribute $10 million in low-interest loans to enable small business entrepreneurs in Ghana, Kenya, Nigeria, and South Africa get economic dilemmas effected by the COVID-19 pandemic.

    “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,” Google and Alphabet CEO Sundar Pichai announced in a statement October 06th, 2021.

    The statement shows up as Google works toward assembling an undersea cable link to Africa and Europe, which will give rise to faster internet access and reduce connectivity costs in nations like Nigeria and South Africa, according to sources.

    Google’s additional activities on the African landmass comprise partnering in 2020 with Kenya-based company Safaricom to enable customers to purchase 4G-enabled phones in installments. That program is anticipated to be broadened across the mainland of Africa.

     

    Subscription
    Unlimited Access  for $1.99 per Month. To Subscribe email: info@newafricabusinessnews.com

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    In the First half of 2022, Angola’s Central Bank will give premium on Inflation and similarly on Financial equilibrium – Governor Jose de Lima revealed

    Next Story

    $1.5 billion to be Invested in Renewable Energy in Angola by Sun Africa

    12 Comments

    1. Paul October 8, 2021 at 3:15 am Reply

      Bravo to google, hope other high end tech companies emulate what you doing for our great Continent. Nairobi KENYA. Paul

      • New Africa Business News, Staff Correspondent October 8, 2021 at 3:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Frank October 8, 2021 at 3:18 am Reply

      Happy new unlimited subscriber of new Africa business news. Thank you. Berlin in Germany. Frank

      • New Africa Business News, Staff Correspondent October 8, 2021 at 3:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Samuel October 8, 2021 at 3:20 am Reply

      Am a subscriber of your online newspaper and recommend it to my friends and family. Abuja Nigeria. Samuel

      • New Africa Business News, Staff Correspondent October 8, 2021 at 3:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Grace October 8, 2021 at 3:23 am Reply

      Thank you for the daily newsletters. You are one of the best online newspaper. Juba South Sudan. Grace

      • New Africa Business News, Staff Correspondent October 8, 2021 at 3:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. James October 8, 2021 at 3:25 am Reply

      The Bangura, thank you always for the reports, with your teams. Paris in France. James

      • New Africa Business News, Staff Correspondent October 8, 2021 at 3:26 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Kim October 8, 2021 at 3:29 am Reply

      Love your daily newsletters. Thank you for covering the whole Continent of Afrika. Luanda in Angola. Kim

      • New Africa Business News, Staff Correspondent October 9, 2021 at 2:58 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration

    Posted On 18 May 2022

    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa

    Posted On 17 May 2022

    AfriMoney in complicity with Watu - an Asset FinTech disclose ‘Okada Bomba' Promotion

    Posted On 15 May 2022

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    New Africa Business News, Person of the Year 2020-2021, Goes to Dr. Arikana Chihombori Quao

    Posted On 01 Jan 2021

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Facebook

    Latest Posts

    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration

    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa

    AfriMoney in complicity with Watu - an Asset FinTech disclose ‘Okada Bomba' Promotion

    Recent Posts

    • Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration
    • Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa
    • AfriMoney in complicity with Watu – an Asset FinTech disclose ‘Okada Bomba’ Promotion
    • Initiative Launched to Enhance Food Security & Fight Climate Change in West and Central Africa
    • Africa Continues to Lead in Mobile Money Adoption, With Over $403 Billion in Transactions, Report

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.