South Africa Launches Google Cloud Hub with R2.5bn Investment

South Africa has launched a R2.5 billion Google Cloud hub, joining the global network. This project is projected to contribute $2.1 billion to GDP and create over 40,000 jobs by 2030. Google South Africa also offers training programs for entrepreneurs, enhancing the support for startups across the continent.

South Africa has inaugurated a new R2.5 billion data hub, marking its entry into Google Cloud’s expansive global network, which includes 40 regions and 121 zones worldwide. This initiative provides Google Cloud services to over 200 countries and territories, enhancing local access to cutting-edge technology.

Ferdinand Steenkamp, co-founder of Cape Town-based data company Tregter, emphasizes that this development will contribute $2.1 billion to South Africa’s Gross Domestic Product (GDP) and generate more than 40,000 jobs by 2030. He notes that Africa’s internet economy is projected to reach $180 billion by 2025, comprising 5.2% of the continent’s GDP, positioning South Africa at the forefront of a technological revolution on the continent.

In conjunction with the new infrastructure, Google South Africa has also initiated training programs, such as Cloud OnBoard, Cloud Hero, and Google Hustle Academy. These programs focus on essential areas including generative AI (gen AI), machine learning (ML), data analytics, and digital marketing to empower learners and business owners with the necessary skills.

The launch of Google Cloud further strengthens initiatives for African startups, such as the Black Founders Fund Africa and the Google for Startups Accelerator Africa. This platform has already aided 106 startups across 17 African countries, facilitating over $263 million in funding and creating more than 2,800 direct jobs.

Steenkamp concludes that Google South Africa will play a pivotal role in leveling the playing field for African tech entrepreneurs, offering substantial benefits to various businesses and supporting the overall growth of the continent’s tech sector.

The establishment of a new R2.5 billion Google Cloud hub in South Africa signifies a major technological advancement and economic boost for the region. The initiative is expected to generate significant job creation and contribute to the GDP while equipping local entrepreneurs with vital technological skills. Furthermore, the support for African startups highlights Google’s commitment to fostering innovation and growth across the continent’s burgeoning tech landscape.

Original Source: www.bizcommunity.com