Equiano: Google Africa Promises Cheaper Internet at Triple the Speed

• Underwater technological advancement will increase internet speeds in Africa, allowing for a more effective network
• Underwater technological advancement will increase internet speeds in Africa, allowing for a more effective network
• The submerged cable was planned to extend around Africa and link to more advanced networks in Europe

Underwater technical innovation will triple internet speeds for higher efficiency in Africa.

The project dubbed Equiano was unveiled on Wednesday, 6 October, by Google Africa Managing Director Nitin Gajria. The underwater cable was expected to be wrapped around Africa connecting to more sophisticated networks of Europe.

Equiano would begin in western Europe then be laid on Africa's West Coast, between Portugal and South Africa.

According to BusinessTech, Equiano would drastically reduce internet fees by about 21% while tripling speeds in the country.

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The South African quoted Gajria during his presentation to have said Google's plans were to create a global infrastructure to the benefit of all nations.

Google Africa announces 50 African startup businesses that will receive R45 million in funding

Previously, Briefly News reported that Google Africa has launched an amazing initiative as part of its Black Founders Fund that will see 50 African startup companies receiving funding.

The announcement was made on Wednesday, 6 October on social media and the companies that are receiving funding are led by black people. A total of R45 million has been awarded to these upcoming companies. The funding that Google has offered these companies is equity-free.

The firms will also be getting Google Ad Grants and Cloud credits, as well as help from seasoned Google professionals, in addition to the money. Google says the reason for the fund is to bridge the fundraising gap that is faced by many new technology companies on the African continent.

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Uber’s financing partner Moove raises R340 million to finance African Uber drivers

Briefly News also reported that a mobility fintech company called Moove has raised more than R340 million to help finance cars for Uber drivers in Sub-Saharan Africa.

According to Yahoo Finance, Moove is a car financing company that aims to install a credit-scoring mechanism for ride-hailing and logistics platforms such as Uber.

This mechanism will help the company get data on potential drivers who may be in need of financing.

The data collected will include the number of car rides a driver completes which will help determine how much a driver makes a week. The company will also collect data on the drivers' driving capabilities.

This information allows the company to decide whether or not a driver would be financed within five days.

Source: Briefly News