Categories: Economy

Facebook’s Connectivity Investments To Grow Africa’s Economy By $57bn In Next Five Years

Facebook has released a finding that highlights how Facebook investments in infrastructure and connectivity across the region will deliver over $57billion in economic benefits over the next five years.

According to the Economist Intelligence Unit, Inclusive Internet Index 2020, over 800 million people in Sub-Saharan Africa are unconnected to the internet.

Over the years, Facebook has invested in infrastructure and partnerships to address the barriers to connectivity, such as the lack of availability in infrastructure, affordability, relevance and readiness to get online.

Also aiming to provide financial and technical inputs that can make infrastructure easier and cheaper to deploy within the continent, Facebook’s infrastructure investments and connectivity initiatives include: investing in Infrastructure that supports internet connectivity, while submarine cables – will enable an increase in supply of international bandwidth, reduction in costs for ISPs and resulted in a combination of more connectivity and lower prices for end users.

Adewale Nurudeen

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