Microsoft Invests $300M in South Africa's AI Growth

Microsoft has announced a significant investment of approximately $300 million (5.4 billion rand) in South Africa, focusing on AI and cloud infrastructure over the next two years. This investment aims to enhance the country's capacity to become a globally competitive AI economy and is part of Microsoft's ongoing commitment to the region, having previously invested $1.1 billion in data centers in Johannesburg and Cape Town. The initiative will also fund technical certification exams for 50,000 individuals in high-demand digital skills such as AI and cybersecurity to boost employment prospects amid South Africa's high unemployment rates. President Cyril Ramaphosa praised the investment, emphasizing its potential to prepare young people for high-tech jobs and contribute to economic growth. Microsoft's efforts are part of a broader strategy to transform Africa from a consumer to a producer of AI technology, aligning with a United Nations report highlighting the urgency of infrastructure investments on the continent. The partnership involves collaboration with South Africa's Youth Employment Service, which supports young people from disadvantaged backgrounds by providing job training and opportunities.