Economy
Google To Link Africa, Australia With Landmark Umoja Cable
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Google has announced plans to build Umoja, the first-ever fibre-optic cable directly connecting Africa with Australia.
This groundbreaking project is poised to enhance digital connectivity and economic integration between the two continents, the tech giant said in a statement on Thursday.
Anchored in Kenya, the Umoja cable will pass through several African countries, including Uganda, Rwanda, the Democratic Republic of the Congo, Zambia, Zimbabwe, and South Africa, before making its way across the Indian Ocean to Australia.
The route also incorporates the Google Cloud region in South Africa, ensuring robust cloud service connectivity.
Google said, that in collaboration with Liquid Technologies, the Umoja cable will provide a highly scalable network path, featuring multiple access points to facilitate broader regional connectivity.
This infrastructure was designed to deliver reliable and expansive digital services, addressing the chronic issue of network outages that have historically plagued the region, the search engine giant stated.
Named after the Swahili word for “unity,” Umoja is a part of Google’s Africa Connect initiative, which includes the Equiano subsea cable project.
Google said the project was made possible with partnerships from leaders across Africa and Australia, stating that the project aimed to connect African people, businesses, and governments.
Reacting to this development, the U.S. Ambassador to Kenya, Meg Whitman, said access to the latest technology, supported by reliable and resilient digital infrastructure, was critical to growing economic opportunity.
“This is a meaningful moment for Kenya’s digital transformation journey, and the benefits of today’s announcement will cascade across the region,” he remarked.
In addition to today’s infrastructure announcement, Google will sign a Statement of Collaboration with Kenya’s Ministry of Information Communications and The Digital Economy to accelerate joint efforts in cybersecurity, growing data-driven innovation, digital upskilling, and responsibly and safely deploying AI for societal benefits.
Kenyan President, Dr. William Ruto, expressed his pleasure regarding Google’s investment in digital connectivity, calling it a historic achievement for Kenya, Africa, and Australia.
He noted that the new intercontinental fibre optic route would greatly improve the country’s global and regional digital infrastructure.
“This initiative is crucial in ensuring the redundancy and resilience of our region’s connectivity to the rest of the world, especially in light of recent disruptions caused by cuts to sub-sea cables.
“By strengthening our digital backbone, we are not only improving reliability but also paving the way for increased digital inclusion, innovation, and economic opportunities for our people and businesses,” Ruto said.
Since Google opened its first Sub-Saharan Africa office in Nairobi in 2007, it has partnered with governments from countries across Africa on numerous digital initiatives.
In 2021, Google said it committed to investing $1bn in Africa over five years to support a range of efforts, from improved connectivity to investment in startups, to help boost Africa’s digital transformation.
Since then, Google has invested more than $900m in the region and expects to fulfil its commitment by 2026.
The Australian Minister for Communications, Michelle Rowland MP, said, “Diversifying Australia’s connectivity and supporting digital inclusion across the globe are both incredibly important objectives, and Google’s Umoja cable will help to do just that.
“Australia welcomes Google’s investment and congratulates all those involved in undertaking this crucial initiative.”
As part of the collaboration, Google Cloud and Kenya will announce a partnership to strengthen Kenya’s cybersecurity.
The Department of Immigration and Citizen Services is evaluating Google Cloud’s CyberShield solution and Mandiant expertise to strengthen the defence of its eCitizen platform.
CyberShield enables governments to build enhanced cyber threat capabilities, protect web-facing infrastructure, and help teams develop skills and processes that drive effective security operations.
The Black Market Dollar-to-Naira Exchange Rate for 21st May 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 21st May 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦11399 and buy at ₦1386 on Thursday, 21st May, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1399
Buying Rate ₦1386
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1374
Lowest Rate ₦1372
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates.
The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
The Central Bank of Nigeria (CBN) on Wednesday retained its benchmark interest rate at 26.5 percent following the conclusion of its two-day Monetary Policy Committee (MPC) meeting, a decision largely anticipated by analysts who expected policymakers to maintain the status quo.
CBN Governor Olayemi Cardoso said the committee decided to keep rates unchanged amid caution over global shocks, particularly uncertainties stemming from developments in the United States and the ongoing conflict in the Middle East.
The decision highlights the MPC’s cautious stance as policymakers seek to balance the need to rein in inflationary pressures and anchor market expectations while sustaining economic recovery.
Data from the National Bureau of Statistics (NBS) showed that Nigeria’s headline inflation rate continued its upward trend in April 2026, rising by 31 basis points to 15.69 percent year-on-year from 15.38 percent recorded in March.
The latest increase marks the second consecutive monthly rise in headline inflation, reversing the disinflationary trend that had persisted for 11 months and pushed inflation down from 34.8 percent in late 2024 to 15.06 percent in February 2026.
“While prevailing inflationary risks may justify a cautious policy posture by the MPC, the CPPE strongly urges the monetary authorities to avoid excessive reliance on monetary policy orthodoxy in managing what is fundamentally a structurally-driven inflation environment,” said Muda Yusuf, chief executive officer of the Centre for the Promotion of Private Enterprise.
Dollar To Naira Exchange Rate Today 27 January 2023(Black Market)
The Black Market Dollar-to-Naira Exchange Rate for 20th May 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 20th May 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦11400 and buy at ₦1385 on Wednesday, 20th May, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1400
Buying Rate ₦1385
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1374
Lowest Rate ₦1370
Disclaimer:NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the FMDQOTC website. Parallel market rates (black market rates) are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.
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