Would you like to receive notifications on latest updates of the following headlines?

AI likely to add $30bn to Africa's economy by 2034 — Research report

POSTED ON September 24, 2024 •   Technology      BY Benedicta Bassey
Artificial intelligence/ Photo credit: Live science

Artificial intelligence is gradually gaining ground in Africa, impacting significantly its economic growth and development.

A new report by the research consultancy public first, commissioned by Google stated that Artificial Intelligence could contribute more than $30bn to Africa’s economy over the next decade.

The report captured the transformative potential of AI and other emerging digital technologies, such as cloud computing, in driving economic growth and addressing critical challenges across the continent.

Part of the report stated that, “With AI, the future of Africa’s digital economy is bright and full of possibilities."

It also explored the surge in internet connectivity across Sub-Saharan Africa, describing it as a “digital decade”, with more than half of the region’s population expected to gain internet access.

It noted that the increased connectivity, coupled with the growing adoption of digital tools, presented a significant opportunity for economic development.

According to the research, "A one per cent rise in internet connectivity could boost the region’s GDP by nearly 6 per cent.

"In 2023 alone, Google’s tools—such as Search, Maps, and YouTube—helped generate $16bn in economic activity across Africa."

The report stated that "Google’s $1bn commitment, announced in 2021, to enhance connectivity, drive innovation, and support local entrepreneurs."

As of May 2024, Google had invested more than $900m in Africa and expects to fulfil its commitment by 2026.

Also the report revealed Scholarships and Digital Skills for Africa programmes trained over 6.5 million people, resulting in a $7.8bn boost in productivity which will in turn impact significantly the economic growth in Africa.

The newly acquired skills have enabled individuals and businesses to operate more efficiently and expand their operations, contributing to the overall economic output, it stated.

It also highlighted that 60 per cent of young adults in Sub-Saharan Africa have used Google Search to apply for jobs, demonstrating the impact of digital tools in building successful careers in the digital economy.

Recommendation for AI adoption in Africa

The report, however, recommended that Africa government must give priority to cloud-first policy and enhance digital infrastructure to support AI adoption and broader digital transformation to harness the potential of AI fully.

The report urged governments to strengthen STEM education, promote AI fluency, and create opportunities for continuous learning.

It also suggested developing high quality, diverse datasets to support responsible AI development and adopting regulations that balance innovation with ethical considerations.

Speaking on the report, the Chief Executive Officer, KAOUN, international, Trixie Lohmirmand, called for increase investment to ensure Africa fully harness the benefits of AI.

READ ALSO
NMGS advocates for AI, 3D technologies in transforming Nigeria's oil reservoir management
BY Abiodun Saheed Omodara February 21, 2025 0

ABUJA, Nigeria (NAN) - The Nigerian Mining and Geosciences Society (NMGS) has urged the incorporatio...

READ ALSO
FG to enhance Aviation sector with advanced technologies for improved efficiency, Safety
BY Abiodun Saheed Omodara February 16, 2025 0

ABUJA, Nigeria (NAN) - The Federal Government announced it will engage more technologies to improve...

READ ALSO
Advancing Digital Futures: Over $54Bn mobilized for global connectivity projects
BY Abiodun Saheed Omodara February 14, 2025 0

The deployment of infrastructure necessary for a more advanced digital future is progressing through...

READ ALSO
Tinubu highlight mainstream AI to expand digital infrastructure
BY Abiodun Saheed Omodara February 13, 2025 0

ABUJA, Nigeria - President Bola Tinubu has detailed his administration's plans to integrate modern a...

READ ALSO
Ogun to boost water supply with technology- Otubanjo
BY Abiodun Saheed Omodara January 30, 2025 0

In a bid to promote balanced development, the Ogun State Government has finalized plans to incorpora...

READ ALSO
Cyber Threats: Nigeria's digital ecosystem at risk from scams and AI attacks
BY Abiodun Saheed Omodara January 22, 2025 0

LAGOS- A report by the Cyber Security Experts Association of Nigeria has indicated that Nigeria&rsqu...

READ ALSO
NDPC launches National Certification Programme for DPOs
BY Abiodun Saheed Omodara January 21, 2025 0

NIGERIA, (NAN) - The Nigeria Data Protection Commission (NDPC), on Monday, launched the national cer...

READ ALSO
Trump to reinstate TikTok operations in U.S on Monday, seek 50% ownership
BY Abiodun Saheed Omodara January 20, 2025 0

UNITED STATE- US President-elect Donald Trump has announced on Saturday that he plans to reinstate T...

OUR CHANNELS:

NDLEA nabs Angolan Tycoon with 120 pellets at Kano Airport
BY Abiodun Saheed Omodara March 2, 2025 0

The National Drug Law Enforcement Agency (NDLEA) has apprehended a 42-year-old Angolan businessman,...


Chief Imam urges Muslim Men to support wives during Ramadan
BY Abiodun Saheed Omodara March 3, 2025 0

The Chief Imam of Ajiyobiojo Central Mosque in Ilorin, Kwara State, Saheed Ajiyobiojo, has urged Mus...


Inflation Surges: Nigerians advocate for policies to support economic stability and growth
BY Abiodun Saheed Omodara March 3, 2025 0

Nigerians have urged the federal government to put in place effective measures to curb inflation and...


WHO urges African governments to take charge of their healthcare system
BY Abiodun Saheed Omodara March 2, 2025 0

ABUJA,Nigeria - The Acting Regional Director of the World Health Organization (WHO) for the Africa R...


Scam Alert: N329m lost in BVN fraud as agents register static images
BY Abiodun Saheed Omodara March 2, 2025 0

Fraudsters have stolen N329 million by utilizing static images to register for Bank Verification Num...


FG launch Alau Dam with 80bn reconstruction fund
BY Abiodun Saheed Omodara March 2, 2025 0

Borno, Nigeria (NAN) - The federal government, through the Federal Ministry of Water Resources and S...


I will do everything possible’ to ensure Karaduwa State creation- Deputy Senate President
BY Abiodun Saheed Omodara March 2, 2025 0

Deputy Senate President Barau Jibrin expressed his backing on Saturday for establishing Karaduwa Sta...


UAE declares march 1 as start of Ramadan 2025
BY Abiodun Saheed Omodara March 2, 2025 0

In a significant announcement, the United Arab Emirates' Ramadan Crescent Moon Sighting Committee ha...


JUST IN: Supreme Court nullifies Rivers council election, dismissing 23 APP chairmen
BY Abiodun Saheed Omodara March 3, 2025 0

RIVERS, Nigeria - Five months following the Rivers State Council election, the Supreme Court has dis...


Meranda denies police claims of full security restoration
BY Abiodun Saheed Omodara March 2, 2025 0

The Speaker of the Lagos State House of Assembly, Mojisola Meranda, has disclosed that the Nigerian...


More Articles

Load more...

Menu