South Africa inaugurates a R2.5 billion Google Cloud hub, enhancing cloud services within the continent, boosting the local GDP by $2.1 billion, and creating over 40,000 jobs by 2030. The initiative includes training for local entrepreneurs and supports numerous African startups, positioning South Africa as a leader in the technological sector.
South Africa has launched a new R2.5 billion hub, becoming the first African nation to join Google Cloud’s global network, which comprises 40 regions and 121 zones. This expansion will enhance cloud services in over 200 countries and territories. According to Ferdinand Steenkamp of Tregter, the move will add $2.1 billion to the country’s GDP and generate over 40,000 jobs by 2030.
The anticipated growth in Africa’s internet economy, projected at $180 billion by 2025, will significantly contribute to the continent’s GDP, accounting for 5.2%. The introduction of Google Cloud will position South Africa as a leader in technological advancements across the continent, featuring secure, high-performance, and low-latency services.
Moreover, Google South Africa is committed to education by offering training programs for students and entrepreneurs such as Cloud OnBoard, Cloud Hero, and Google Hustle Academy. These programs focus on critical technology topics including generative AI, machine learning, data analytics, and digital marketing.
The launch will also bolster initiatives for African startups, including the Black Founders Fund Africa and the Google for Startups Accelerator Africa, which has already aided 106 startups across 17 countries. These startups have collectively raised over $263 million and created more than 2,800 direct jobs.
Steenkamp emphasizes that Google South Africa will help create a more equitable landscape for tech entrepreneurs and extend significant support to businesses across various sectors, fueling the overall growth of Africa’s technology environment.
In summary, South Africa’s new R2.5 billion Google Cloud hub marks a significant step in enhancing the country’s technological infrastructure. It is projected to generate substantial economic benefits, job creation, and support for local entrepreneurs and startups, fostering a vibrant tech ecosystem. This initiative is poised to position South Africa at the forefront of the continent’s digital revolution, catalyzing broader economic growth.
Original Source: www.bizcommunity.com
