Google earmarks $3m grants to support African businesses
American multinational technology company Google has stated that it will be granting a non-profitable $3 million loan to support businesses around African.
The loan grant was announced by Google director Nigeria branch, Juliet Ehimuan during a virtual "Google Economic Recovery Roundtable" that took place recently.
According to Ehimuan, the $3 million loan grants is mapped out to support African countries in different areas such as education, entrepreneurship and women empowerment.
She added that Google has also brought out scholarships scheme for Jobseekers to help them in growing their careers.
“To help job seekers acquire new skills while they look for opportunities, Google is providing underserved communities and job seekers with $750,000 in Information Technology (IT) support scholarships through Google.org across Africa.
"Job seekers can also access the Grow with Google training portal for help in growing their careers or businesses at their own pace and through flexible and personalised training courses.
“For educational institutions and teachers, Google is working with partners across Africa, through Google for Education, to help deploy its suite of education products in schools and help 500,000 students continue learning.
"To help teachers keep teaching, Google aims to give 25,000 educators access to free online training sessions and resources, such as Teach From Anywhere.
"Google is also giving a grant of $250,000 to organisations in Nigeria, which are developing programs and tools to boost literacy for children in low-income schools in the country,” Ehimuan said.
Ehimuan also said that the loans aim to increase the digital business activities across the whole of Africa and also support youths in developing their marketing skills by partnering with the Nigerian Ministry of Youth and Sports Development.
“Small businesses have been hardest hit during this COVID-19 period. Many of them have had to figure out quickly how to pivot their operations to a ‘digital-first’ approach.
"Yet, there remains a gap between those who can access these online opportunities and those who can’t. That’s the gap we want to bridge with these initiatives,” Ehimuan added.
“This support includes a partnership with the Nigerian Ministry of Youth and Sports Development. The partnership will provide support for youth-owned SMBs.
"It will also provide support for job seekers in Nigeria to help them acquire marketable skills through certification and training programs, and involve supporting programs that enable and improve access to quality education across the region."
The Minister of Youth and Sports Development, Mr Sunday Dare, was pleased with the ambitions and said the partnership with Google would help motivate Nigerian youths to pursue their career through technology.
“We are focused on creating an enabling environment that promotes youth and economic development in Nigeria.
"This partnership with Google in Nigeria is critical at this period, and we look forward to seeing the positive impact it will have on SMBs’ recovery, enhancing the skills of jobseekers and supporting the education sector,” Dare said.
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