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Google To Give Kenya Ksh 1 Billion For Post Covid-19 Recovery

BY Soko Directory Team · January 29, 2021 09:01 am

KEY POINTS

As part of the grant, 3 million shillings will go towards supporting small businesses, 5 million shillings for startups, and 2 million shillings for charity.

Google is committing $10 million (KSH 1 billion) to help drive economic recovery in Kenya after being hit by the Covid-19 pandemic. Kenyans, however, think the cash will be misused and stolen just like other grants before.

As part of the grant, 3 million shillings will go towards supporting small businesses, 5 million shillings for startups, and 2 million shillings for charity, and other investments lined up by his organization to the country.

Sundar, the CEO of the tech giant announced the grant during a virtual meeting with President Uhuru Kenyatta in an event hosted by the Corporate Council on Africa.

President Kenyatta thanked Google for working closely with the Kenyan Government in driving digital transformation across the country in the 13 years of its operations in Kenya.

“You have been a good part of that journey. A journey that has enabled many Kenyans through the use of technology and digitization to access financial services, knowledge and to enhance their business capacities,” the President told Mr. Pichai.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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