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HomeDaily NewsThursday, July 2, 2026Google Launches Five New AI and Cloud Initiatives for Africa at Inaugural Cloud Summit - July 2026
Technology & Innovation3 stories from 2 sources

Google Launches Five New AI and Cloud Initiatives for Africa at Inaugural Cloud Summit - July 2026

Google Cloud hosted its inaugural Cloud Summit in Africa, announcing five new AI and cloud initiatives to foster innovation and digital growth on the continent. At the same time, Mastercard launched its Africa Cybersecurity Centre of Excellence to bolster digital security across the continent, initially focusing on South Africa and Nigeria. Separately, TLG Capital raised $120 million in the second close of its Africa-focused private credit fund, aiming to expand financing options for small and medium-sized enterprises across Africa.

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News Coverage

Thursday 10:15 AMTech Arena

Google Launches Five New AI and Cloud Initiatives for Africa at Inaugural Cloud Summit

Google Launches Five New AI and Cloud Initiatives for Africa at Inaugural Cloud Summit

Google Cloud hosted its inaugural Cloud Summit in Africa, announcing five new AI and cloud initiatives to foster innovation and digital growth on the continent.

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Key Highlights

Google Cloud hosted its inaugural Cloud Summit in Africa, announcing five new AI and cloud initiatives to foster innovation and digital growth on the continent.

  • Key initiatives include building foundational infrastructure with a new connectivity hub in South Africa, launching Africa's first applied AI lab in Ghana, and investing in AI education and talent development.
  • Google executives, including James Manyika, Senior Vice President for Research, Labs, Technology & Society, and Maureen Costello, Vice President for UK, Ireland, and Sub Saharan Africa at Google Cloud, highlighted the significant AI opportunity for Africa.
  • The initiatives build on existing commitments, with a focus on equipping the local ecosystem for AI-driven innovation and supporting the next generation of African founders and creators.
Thursday 4:30 PMTechish Kenya

Mastercard Launches Africa Cybersecurity Centre of Excellence. Kenya Isn’t Part of Phase One

Mastercard Launches Africa Cybersecurity Centre of Excellence. Kenya Isn’t Part of Phase One

Mastercard has launched its Africa Cybersecurity Centre of Excellence to bolster digital security across the continent, initially focusing on South Africa and Nigeria.

Read Story

Key Highlights

Mastercard has launched its Africa Cybersecurity Centre of Excellence to bolster digital security across the continent, initially focusing on South Africa and Nigeria.

  • The initiative provides shared defense through threat intelligence, system vulnerability checks, and a forum for security teams.
  • Key figures involved include Mastercard CEO Michael Miebach, South Africa's President Cyril Ramaphosa, and Nigeria's President Bola Ahmed Tinubu.
  • Kenya is not included in the first phase of this rollout, despite its significant role in East African fintech and its own ongoing cybersecurity efforts.
Thursday 7:58 AMTech ArenaFirst

TLG Capital Raises $120 Million to Expand Private Credit for African SMEs

TLG Capital Raises $120 Million to Expand Private Credit for African SMEs

TLG Capital has successfully raised $120 million in the second close of its Africa-focused private credit fund, AGIF II. This significant capital injection from 22 institutional investors aims to expand financing options for small and medium-sized enterprises (SMEs) across Africa.

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Key Highlights

TLG Capital has successfully raised $120 million in the second close of its Africa-focused private credit fund, AGIF II. This significant capital injection from 22 institutional investors aims to expand financing options for small and medium-sized enterprises (SMEs) across Africa.

  • The fund has raised a total of $120 million.
  • Key investors include African Reinsurance Corporation (Africa Re), Calvert Impact, Proparco, and Tsao Family Office.
  • TLG Capital employs a BOMA (Bank Originated & Mitigated Assets) model, partnering with African banks to de-risk investments and attract institutional backing for SMEs.