Browsing: Google Africa

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• Google for Startups Accelerator Africa this year placed a strong emphasis on AI technologies in addressing Africa’s most pressing challenges.
• This year’s cohort, featuring ten innovative startups from Kenya, Nigeria, Rwanda, and South Africa, was selected from nearly 1,000 applications.
• The ten startups will participate in a structured program to support their growth.

Kenya and Nigeria top the list of the 10 startups from the continent that will form part of the eighth cohort of Google for Startups Accelerator Africa program.

This year’s cohort, featuring ten innovative startups from Kenya, Nigeria, Rwanda, and South Africa, was selected from nearly 1,000 applications.

Out of the ten ventures, Nigeria produced five, Kenya produced three, and Rwanda and South Africa produced one each.

Google Africa’s Head of Startups Programs, Folarin Aiyegbusi, said that despite the current “funding winter” in Sub-Saharan Africa, where investment flows have slowed, the resilience and ingenuity of …

• The creative economy is one of the world’s fastest-growing sectors, creating employment and income for millions globally.
• Africa is beginning to see promising potential for its creative economy, flourishing in film, arts and crafts, fashion, design, video, photography, music, and more.
• The East African Community bloc generates $2 billion annually from the creative industry.

Whether it is Tanzania’s signature genre Bongo Fleva king Diamond Platnumz, Nigeria’s Afro-pop, Kenya’s hilarious talent, Eric Omondi or South Africa’s newly crowned Grammy winner, Tyla, African creatives are taking the global creative economy by storm.

Two decades ago, the orange economy or what we famously refer to today as the creative economy, would not have been considered a transformative sector propelling growth in Africa. However, according to the United Nations Conference of Trade and Development (UNCTAD), the creative economy is one of the world’s fastest-growing sectors, creating employment and income for millions globally.

According to …

• The AFDB is collaborating with Google to advance the continent’s tech usage in business.
• Both parties will harness emerging technologies, extend and improve infrastructure, train talent and skill required within Africa.
• In 2005, Google invested in Seacom Cable, a major telecommunications cable system in Africa.

The digital era, or the fourth industrial revolution, is upon us, and small businesses in Africa could be among the top beneficiaries. Organizations from across the globe are collaborating to provide the necessary financial support and infrastructure to aid in Africa’s tech journey.

Amid this plethora of investors, the African Development Bank (AfDB) has pioneered significant milestones with the continent’s tech journey. In its latest milestones, the AFDB bank has collaborated with Google to speed up Africa’s digital transformation.

The African Development Bank partners with Google

Recently, the AFDB bank officially collaborated with Google to advance the continent’s tech enterprise in businesses. Both parties signed …

• The continent internet economy can reach $180 billion by 2025, accounting for 5.2 per cent of Africa’s GDP
• Africa’s access to the internet stands at  40 per cent, according to Google
• With more than 1.3 billion people, Africa lags behind the rest of the world in internet connectivity as it has only 22 per cent in connectivity

Africa’s digital economy is expanding quite fast. The continent internet economy can reach $180 billion by 2025, accounting for 5.2 per cent of Africa’s GDP, according to information from IFC.

Doubling down on the latter, by 2050, the projected potential contribution could reach $712 billion, 8.5 per cent of the continent’s GDP (IFC). Internet in Africa is the new gold as it facilitates the growth of technology-driven sectors, transforming communities’ economies.

Internet in Africa is transforming economies of fast-growing countries that also record a large share of internet users in the region, such …