Facebook Investments to Grow Africa's Economy by $57 Billion in Five Years
22 Julio 2020 - 10:10AM
Noticias Dow Jones
By George Mwangi
Special to Dow Jones Newswires
Facebook Inc. said Wednesday that its infrastructure and
connectivity investments in Africa are expected to grow the
continent's economy by $57 billion over the next five years, citing
a study by Analysys Mason.
"Over the last three years we've heavily invested in
infrastructure and connectivity initiatives that aim to affordably
connect people on this continent and create tangible
social-economic benefits," said Kojo Boakye, Facebook's Africa
public policy director.
At least 70% of Facebook traffic in Sub-Saharan Africa is now
served from within the region, and investments in edge network and
international capacity together will enable internet traffic to
increase by 9% by 2024, the company said.
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(END) Dow Jones Newswires
July 22, 2020 10:55 ET (14:55 GMT)
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