Tag Archives: Africa

About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings, and a lack of attractiveness to financiers. These challenges befall millions of micro-retailers across the continent, and Betastore, a B2B retail marketplace for informal retailers, is working to resolve in Nigeria, Ivory Coast and Senegal. The Betastore marketplace enables informal traders to source fast… Source link

Google has today announced the launch of a product development center in Nairobi, its first in the continent, to build “transformative” products and services for the African market and the world. This comes after the tech giant revealed plans to invest $1 billion over the next five years in October last year. The center is Google’s second major research and development investment in Africa, after the tech giant set up an AI and research center in Ghana in… Source link

The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register DAKAR, March 18 (Reuters) – A subsea cable owned by Google (GOOGL.O) that promises to double internet speeds for millions in Africa arrived in Togo on Friday, the company said, the latest step in a multi-year project to provide cheaper access to users across the continent. The Equiano cable, the first of… Source link

As the U.S. faces a cash crunch and global pressure to prioritize vaccinating African countries, two unlikely partners have joined forces to do the same, all without U.S. government funding or help. Baylor College of Medicine’s Dr. Peter Hotez and ImmunityBio (IBRX) executive chairman Dr. Patrick Soon-Shiong announced a partnership in late 2021 in which Hotez and his partner, Maria Elena Bottazzi, licensed their free, no-strings-attached COVID-19 vaccine candidate to ImmunityBio. And the… Source link

Nigeria is looking to Europe for funding to complete infrastructure projects such as railways, with a senior official in the West African nation saying Chinese loans are drying up. Analysts say Nigeria’s situation reflects a broader Chinese move away from funding these expensive projects in Africa, where China has provided hundreds of billions of dollars in loans to develop infrastructure as part of its Belt and Road Initiative. Last weekend, Transport Minister Rotimi Amaechi told Nigerian… Source link

Managing Director of Google Sub-Saharan Africa, Nitin Gajria, spoke with Larry Madowo about the importance of investing in the digital landscape, expanding network coverage and supporting technological innovation. TownNews.com… Source link

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. The undisclosed investment comes two months after Alphabet CEO Sundar Pichai announced the tech giant’s intentions to commit $1 billion over the next five years in “tech-led initiatives”, which includes a $50 million Africa Investment Fund targeted at early- and growth-stage startups on the continent. He made this known at the Google for Africa… Source link

A man walks past a logo of Alphabet Inc’s Google in front of at an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to reuters.com Register Dec 2 (Reuters) – Alphabet Inc’s (GOOGL.O) Google is delaying its return-to-office plan in Europe, the Middle East and Africa on concerns over the Omicron variant of the coronavirus, Business Insider reported on Thursday, citing a company memo. Google had previously extended its voluntary… Source link

During the pandemic in 2020, nearly 20 million more Africans subscribed to a mobile service than in the previous year, according to industry trade group Global System for Mobile Communications (GSMA), with 4G connections set to double over the next four years. Tech giants such as Google — which expects hundreds of millions more people to come online across the continent for the first time in the next few years — are moving quickly in the race for Africa’s digital inclusion. Last year,… Source link

LAGOS, Oct 6 (Reuters) – Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent’s digital transformation, it said on Wednesday. The unit of U.S. tech company Alphabet Inc (GOOGL.O) made the announcement at a virtual event where it launched an Africa Investment Fund, through which it will invest $50 million in startups, providing them with access to its employees, network and… Source link