Sharp Daily
No Result
View All Result
Sunday, July 27, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home RUTO STATE VISIT

Google to open new Kenya office as M-KOPA secures KES 6.8 billion smartphone financing deal

Brian Murimi by Brian Murimi
May 23, 2024
in RUTO STATE VISIT
Reading Time: 2 mins read

Google has unveiled plans to inaugurate a new office in Kenya, marking its first Product Development Center on the continent. This announcement comes hand in hand with an investment initiative dubbed Africa Connect, spearheaded by the tech giant, aimed at erecting the first intercontinental fiber optic route in the southern hemisphere, linking Kenya to the Asia Pacific region.

The expansion entails not only the establishment of Google’s foothold in Kenya but also the facilitation of enhanced digital infrastructure across the region.

Speaking on this endeavor, a communication from the White House highlighted the broader significance of such initiatives in bridging the digital divide. “Google’s investment in digital connectivity for Africa Connect represents a pivotal step towards fostering economic growth and innovation in the region,” the statement read.

Furthermore, the communication outlined several other key developments in the realm of digital connectivity across East Africa. The U.S. Trade and Development Agency (USTDA) recently announced substantial funding allocations aimed at bolstering broadband network access and internet affordability in the region.

RELATEDPOSTS

Why firms are shedding jobs despite survival

June 19, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

Notable among these initiatives is a $1.13 million feasibility study to aid Bandwidth and Cloud Services Group (BCS) in expanding its operations, thereby providing affordable broadband network access to a significant portion of the population.

Additionally, M-KOPA, a Kenyan company specializing in mobile technology solutions, has secured a significant boost in funding. The U.S. International Development Finance Corporation (DFC) has extended a $51 million loan to M-KOPA, aimed at supporting the financing of smartphone receivables and cash loans totaling up to $210 million.

This move is expected to significantly increase accessibility to digital devices for low-income borrowers, thereby furthering the cause of digital inclusion in the region.

Moreover, the communication highlighted initiatives aimed at fostering digital skills and literacy among young Africans. The Digital Transformation with Africa (DTA) Partnership, in collaboration with the Young African Leaders Initiative (YALI), intends to provide $1 million to YALI’s Regional Leadership Center (RLC) in Kenya. This funding aims to expand digital skills, support digital entrepreneurs and startups, and increase private sector engagement across East Africa.

The White House communication also shed light on collaborative efforts between the U.S. and Kenya in the realm of Artificial Intelligence (AI). A Strategic Dialogue on AI has been established to facilitate discussions aimed at ensuring the safe and secure deployment of AI systems. This initiative underscores the growing importance of technological cooperation in addressing critical global challenges.

Moreover, plans for collaboration between the U.S. AI Safety Institute and Kenya’s Imagine Tech and Action Lab have been unveiled, with a focus on advancing scientific research for AI safety and promoting interoperable standards.

Previous Post

Kenya to receive 16 U.S.-manufactured helicopters for regional peace and security

Next Post

DFC unveils KES 23.85 billion investment in real estate developer Acorn

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

RUTO STATE VISIT

Ruto: U.S. trip’s private jet cost KES 10 million, not KES 200 million

May 30, 2024
RUTO STATE VISIT

Ruto defends private jet use as ‘cost-effective’ for U.S. trip

May 26, 2024
RUTO STATE VISIT

Ruto vows to ‘break back’ of Haiti gangs as he defends deployment

May 24, 2024
RUTO STATE VISIT

Nairobi-Mombasa expressway: Kenya inks KES 470 billion deal for mega toll road

May 24, 2024
RUTO STATE VISIT

LIST: Ruto’s US state visit yields billion-dollar deals across multiple sectors

May 23, 2024
RUTO STATE VISIT

BasiGo secures KES 1.3 billion loan as U.S.-Kenya climate partnership unveiled

May 23, 2024

LATEST STORIES

Shri Krishana Overseas lists on NSE

July 25, 2025

Why young professionals should care about pensions

July 23, 2025

How Kenya can reinforce fiscal rules to prevent recurrent budget overruns

July 23, 2025
commercial illustrator

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025

Transferring Your Retirement Benefits Between Pension Schemes in Kenya

July 23, 2025

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025

Park your money where it grows: Why more Kenyans are turning to Cytonn Money Market Fund

July 16, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024