AfricaInvestor Activity

Google to Invest $1 Billion in African Tech Industry

1 Mins read

Google to Invest $1 Billion in African Tech Industry

Google has pledged to invest $1 billion into African Tech.

But they’re already one of the biggest players in Africa’s ecosystem 👇🏾

With their commitment, they announced:

– South Africa as a ‘cloud region’ with data centres being set up in the country, which will support the creation of more than 40,000 jobs by 2030.

– An African product development centre in Nairobi – their second in Africa, following their AI research centre in Ghana which started in 2019.

– The Google Africa Developer Scholarship – which helps software professionals get training to be come Android Developer and Cloud Engineer – and has trained over 100,000 tech talents.

Africa is often seen as the ‘next billion’ consumer market. But it should be seen as a producer market.

Big Tech is catching on to this. And it’s not just Google that thinks Africa is the future of tech.

In 2019 Microsoft launched its Africa Development Centre in Nairobi, Kenya – a
hub with 500 engineers.

In 2021, Amazon announced its $280 million investment in a South Africa office with a workforce of 7,000.

Global companies see Africa’s tech talent as the workforce of the future and are making moves to be at the centre of it.

What do you think of Big Tech’s investment into African tech?

Source: Caleb Maru

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