Google Allocates $10 Mn for Egypt's Small Business

Google released Today, its programe to support Egypt’s digital transformation through technological training programmes. According to Hisham Al-Nazer the Google Egypt Director, Google is offering $ 2 mn loans and $10 mn to help Egyptian small business.

Al-Nazer said that the company expects that 1 mn people will benefit from the loans,  and training initiatives launched by Google.

This comes in cooperation with Kiva International, to provide loans to small Egyptian companies, so that they can obtain financing of $200-$5,000 that can be repaid over two years.

Hisham Al-Nazer the Google Egypt Director

On other hand, all grants geared to accelerate economic recovery across the MENA region by helping businesses and inpiduals acquire digital skills and develop their business, Al-Nazer noted.

Also, the programe comes after changes caused by the (COVID-19) pandemic, which has prompted people to turn into the internet for various aspects of daily living. The training programmes are expected to help more than one million companies and inpiduals learn digital skills and develop their businesses before the end of 2021.

He explained that the programme in Egypt will focus on supporting small businesses and entrepreneurs through training courses for digital skills, undertaking commercial activities online, and securing financial support, in addition to raining 100,000 students, artisans, and businesses in the country in partnership with the Tourism and Antiquities Ministry, as well as Youth and Sports Ministry, and the Egyptian Tourism Federation.

Earlier, Google announced the Arabic version of its application “Read Along” on International Literacy Day, which is a free application that provides an enjoyable interactive experience to help children from the age of five improve their reading skills in Arabic, with the help of a virtual character within the application named “Diaa”, provided that the application is currently available for Android users just.

Also, the app distinguished by not requiring the need to connect to the Internet, and here Read Along uses Google’s speech recognition technology and for young readers to share visual and verbal notes while they read books available from around the world.