Google has exceeded $1 billion Africa investment target


FILE PHOTO: A Google Cloud logo is pictured at a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse//File Photo

JOHANNESBURG, July ⁠1 (Reuters) - Google has exceeded a five-year target to invest $1 billion ⁠in Africa, it said on Wednesday, as it made ‌public initiatives on infrastructure and development of AI to accelerate the continent's digital growth.

They follow on from Google's launch of a cloud for the Johannesburg region in ​2025.

Here are the details of the new ⁠initiatives that Google, owned ⁠by Alphabet, announced at the first Africa Cloud Summit in Johannesburg.

• ⁠Google will ‌establish a connectivity hub in South Africa's Eastern Cape, the first of four planned connectivity hubs on the ⁠continent.

• The facility will link Africa to Australia ​via the Umoja ‌subsea cable and to India through a new route, strengthening ⁠internet resilience and ​capacity.

• Africa's first applied AI lab in Ghana will pair local startups with Google researchers and provide early access to its AI models.

• ⁠A more than $1 million programme in partnership ​with UK actor Idris Elba's Akuna Group will train underrepresented creators in AI-driven storytelling.

• Google's Economic and Community Development programme and WeThinkCode have ⁠committed to build a 3 million rand ($183,468) digital innovation centre in Soweto, Johannesburg.

• Google also said its startup accelerator programme will back 15 South African firms as part of Google's pledge to back ​50 African ventures between 2024 and 2028.

• "The ⁠AI opportunity for Africa is significant, and Google is committed to ​doing our part working with Africans to ‌help Africa realise it," James Manyika, ​Google's senior vice president for research and technology, told reporters.

($1 = 16.3516 rand)

(Reporting by Nqobile Dludla; editing by Barbara Lewis)

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