The technology sector in Africa has been booming in recent years, with the emergence of innovative startups. To support this dynamic, the US tech giant Oracle announced an investment of $1 million in the sector.

Oracle says it aims to give African startups access to the latest cloud technologies through "cloud credits" to implement their digital projects. Cloud credits could go up to $10,000 for 100 startups, the investor explained.

The investment is part of Oracle for Startups, which is an initiative to support technology for young companies in their development. It follows the announcement by Oracle of the opening of its first cloud region in Africa.

“Africa is a hotbed for tech entrepreneurs, and we have witnessed a 91 percent growth in enrolments from South African startups, and 39 percent growth from over 13 other African countries within the last year. The USD one million investment will further boost the efforts of tech entrepreneurs in Africa to utilize the latest digital technologies for the success of their startups," said Jason Williamson, Vice President of Oracle for Startups.

With broadband connectivity growing on the continent, driven by telecom operators' and ISPs' investment in undersea optical fiber cables, the use of cloud technologies is gradually growing. Secure and reliable, the service is the guarantee of a globally risk-free activity. 

Adoni Conrad Quenum