Olumide Balogun, Google’s Director for West Africa, recently announced that artificial intelligence (AI) could contribute up to $1.5 trillion to Africa's GDP by 2030. He made this statement during the Nigerian Economic Summit held in Abuja.
However, the United Nations Development Program (UNDP) presents a more conservative estimate. In its "Africa Development Insights" report published in June 2024, citing PricewaterhouseCoopers, the UNDP estimates that AI could contribute around $1.2 trillion to the African economy by 2030.
According to the GSMA, the global mobile industry association, AI has the potential to transform several key sectors on the continent. In a July 2024 report, "AI for Africa: Use Cases Delivering Impact," the GSMA highlights that almost half of the AI applications identified focus on agriculture, followed by energy and climate action.
The report further notes that predictive AI models dominate these applications. These models are used for forecasting, risk assessment, and anomaly detection, such as predicting weather conditions, optimizing crop yields, forecasting food supply and demand dynamics, and improving energy consumption and production.
Artificial intelligence has become a hot topic in the tech world, and many African countries are actively developing AI strategies to harness its benefits. Oxford Insights, a UK-based consultancy specializing in AI and digital transformation, evaluated AI adoption in governments across sub-Saharan Africa its "Government AI Readiness Index 2023." The region scored an average of 30.16 out of 100, a slight improvement from 29.38 in 2022.
Despite these developments, there are still calls for caution regarding AI adoption. Balogun, however, remains optimistic, stating that AI will encourage creativity, generate and transform jobs, and help set quality standards for the evolving labor market.
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...
Ecobank’s 2025 results reflect the shift of a pan-African bank toward a more profitable, disciplined and long-term-oriented model. At 40, the challenge is...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to the progress and fragility of vaccination campaigns...
A staple of West African cuisine, onions are among the sub-region’s most widely grown horticultural products and a key driver of intra-regional trade,...
Niger adopts draft decree to regulate firearm acquisition, possession, and use New framework introduces stricter controls, traceability requirements,...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...