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Microsoft has announced a new initiative to train one million South Africans in artificial intelligence (AI) and cybersecurity by 2026.
The programme, revealed by Microsoft Africa President Lillian Barnard, is designed to provide participants with industry-recognised certifications, preparing them for opportunities in the global digital economy.
This initiative builds on Microsoft’s ongoing efforts to enhance digital skills in Africa.
Over the past five years, the company has trained four million individuals across the continent and now aims to reach 30 million more within the next five years.
The new programme will focus on AI-driven technologies, cybersecurity fundamentals, and digital transformation, addressing the increasing demand for tech expertise in South Africa and beyond.
While Barnard did not disclose the financial investment behind the initiative, she underscored the importance of digital skills in shaping the future workforce.
By equipping individuals in business, government, and youth sectors with essential technological knowledge, Microsoft hopes to drive innovation, improve employability, and support economic growth across Africa.
As AI and cybersecurity become critical components of the digital economy, Microsoft’s initiative is expected to play a crucial role in bridging the skills gap in South Africa.
Swedfund, Sweden’s development finance institution, has committed $10 million to Novastar Ventures’ Africa People + Planet Fund III (NVIII), a venture capital fund targeting early-stage businesses in Africa.
FSD Africa Investments (FSDAi), a UK-backed development finance investor, has announced a $12.5 million investment into the ARM-Harith Climate and Transition Infrastructure Fund (ACT Fund) to attract more local capital into climate-related infrastructure projects across Nigeria.
Africa-focused private equity firm Admaius Capital Partners (“Admaius”) has announced a majority equity investment in TRES Infrastructure Limited (“TRES”), the sole Rwandan company licensed to own, operate, and develop shared telecommunications infrastructure.