Google Outlines Digital Transformation Plans In Africa

Alphabet Inc GOOG GOOGL Google announced a plan to invest $1 billion over five years to support digital transformation in Africa.
The investment includes landing the subsea cable and low-interest loans to help small businesses, amongst other programs.
It will cover a range of initiatives, from improved connectivity to investments in startups.
Google will invest in projects across the continent, including Nigeria, Kenya, Uganda, and Ghana.
The subsea cable will cut across South Africa, Namibia, Nigeria, and St Helena, connecting Africa and Europe.
Google also launched the Africa Investment Fund, investing $50 million in startups across the continent.
Google will also disburse $10 million in low-interest loans to small businesses in Nigeria, Ghana, Kenya, and South Africa in partnership with Kiva, a San-Francisco-based non-profit lending organization.
Price Action: GOOG shares traded lower by 1.01% at $2,696 premarket on the last check Wednesday.