Google details investment plans for South Africa

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 61%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Google has unpacked its plans to assist startups, SMMEs and nonprofits in South Africa, and help the country’s economic recovery process through large-scale investment.

This follows announcements made in October 2021 by Google and Alphabet chief executive officer Sundar Pichai, who announced a plan to invest $1 billion over five years to support Africa’s digital transformation.

Google.org – the charitable arm of Google – will meanwhile award $500,000 in grant funding and training to Gift of the Givers and Food for Life South Africa to support them in their economic recovery. The startups will receive $50 million in funding to help spur their growth as part of a broader Africa Investment Fund plan launched last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa needs to a pick a Covid strategy and stick to it: finance bossEY Africa chief executive Ajen Sita says South Africa needs to ‘radically and rapidly’ get its economy working again, with the country facing a number of challenges that need urgent government attention. just let people do what they want, that’s the best strategy
Source: BusinessTechSA - 🏆 24. / 61 Read more »