Fri. Feb 23rd, 2024

African Development Bank and Google Consort for Digital Transformation in Africa

African Development Bank and Google Consort for Digital Transformation in Africa

The African Development Bank and Google have officially partnered to drive digital transformation in Africa. The parties signed a letter of intent under the Africa Global Business Initiative at the United Nations General Assembly in New York.

 The agreement underlines a shared commitment to harness emerging technologies, expand and improve infrastructure, and enhance talent and skills on the continent.

 Both sides have a history of supporting digital development. Over the past decade, the African Development Bank has invested $1.9 billion in projects focused on developing broadband infrastructure, supporting policy and regulatory environments, and technical skills. digital  and innovative technology startups. “Our journey from  2% phone penetration in 1998 to today’s era of 4G, 5G and AI has meant tremendous progress. With 70% of sub-Saharan Africans under the age of 30, our goal is to foster businesses that create jobs and deliver innovative solutions. ” said Dr. Akinwumi Adesina, President of the African Development Bank.

 Google is a long-term partner in Africa’s economic growth and digital transformation. In 2005, Google invested in a major underwater telecommunications cable: the Seacom cable. Since then, Google has  committed to digital transformation by supporting talent development, innovation, infrastructure and regulatory advancements across the continent. In collaboration with the African Development Bank, Google will provide technical support to help entrepreneurs and SMEs digitize their businesses, raise capital, master digital marketing, and promote the development of the private sector.

 Dr. James Manyika, Senior Vice President of Research, Technology and Enterprise at Google, said:“With advanced technologies like AI, the deepest transformation is yet to come.

 Collaboration will be essential if Africa is to seize this opportunity, build for everyone and ensure no one is left behind. We are delighted to collaborate with the African Development Bank in our efforts to achieve this shared commitment.

 About Google:

Google’s mission is to organize the world’s information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a vital role in the daily lives of billions of people and has become one of the the most famous companies in the world. . Google is a subsidiary of Alphabet Inc.

Source: https://www.afdb.org

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