{"id":5457,"date":"2021-10-13T12:28:18","date_gmt":"2021-10-13T12:28:18","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=5457"},"modified":"2021-10-13T17:31:15","modified_gmt":"2021-10-13T17:31:15","slug":"latest-news-google-announces-major-infrastructure-development-for-africa","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/latest-news-google-announces-major-infrastructure-development-for-africa\/","title":{"rendered":"Latest News: Google Announces Major Infrastructure Development for Africa"},"content":{"rendered":"

The tech giant Google announced its plans to invest $1 billion in the development of infrastructure to provide cost-effective and stable internet connectivity throughout Africa. The entire timeline for this project is estimated to be around five years.
\n\"Back<\/a>
\nThe company announced this news via a virtual event, and also launched an investment fund for Africa. This investment fund can provide financial assistance to startups in the form of $50 million. This must be sufficiently allocated in various departments, such as employees, networking, and technology-related arrangements.<\/p>\n

These three sectors would get most of the investment, fintech, eCommerce, and services working around local language and content. Nitin Garjria confirmed this in an interview.<\/p>\n

Google’s investment can add some real value during strategizing, he further added.<\/p>\n

In addition to that, Google formed an association with Kiva (a non-profit organization) to provide loans (worth $10 million) to businesses to overcome Covid-19-related economic hurdles. The area under consideration for this purpose consists of Ghana, Kenya, Nigeria, and other South African countries.
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\nThis might be a relief to these companies, as the loan processing situation is not ideal in Africa. Small businesses are either unable to provide either collateral or pay the high-interest rates.<\/p>\n

Google will also continue to expand its Kenya-based program of collecting payments for 4G phones in installments by working with MTN, Orange, and Vodacom.
\n\"cloudways\"<\/a>
\nFor this purpose, the company will work on creating the undersea cable for providing speedy internet services (it’s guaranteed to enhance the speed by 5% and lower the costs by 21%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The tech giant Google announced its plans to invest $1 billion in the development of infrastructure to provide cost-effective and stable internet connectivity throughout Africa. The entire timeline for this project is estimated to be around five years. The company announced this news via a virtual event, and also launched an investment fund for Africa. …<\/p>\n","protected":false},"author":1,"featured_media":5475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[20],"tags":[632,631,137,138,139,134,140,136,623,624,628,625,629,355,627,626,630],"aioseo_notices":[],"yoast_head":"\nLatest News: Google Announces Major Infrastructure Development for Africa<\/title>\n<meta name=\"description\" content=\"The tech giant Google announced its plans to 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