Google sets up $50M fund to invest in African startups – TechCrunch

Google plans to invest up to $50 million in African early and growth-stage startups via its Africa Investment Fund, ramping up efforts to support more businesses on the continent.

Google made known its plans today in a virtual event where CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years in tech-led initiatives in Africa.

These initiatives range from improved connectivity via Google’s subsea cable Equiano to investments in small…


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