Africa Business News of Monday, 21 October 2024
Source: businessinsiderafrica
Africa’s AI journey is gaining momentum, with global investors increasingly focusing on its potential.
GITEX, the world’s largest tech show, will bring investors to Nigeria in 2025, reflecting confidence in Africa’s growing AI economy.
Countries like Nigeria, Kenya, and Egypt are becoming AI hubs, with Africa now hosting 2,400 AI organizations, 40% of which are startups.
GITEX’s expansion into Africa, starting with Morocco in 2023 and now Nigeria, signals belief in AI as a driver of Africa’s future economic growth, particularly in sectors like healthcare, agriculture, finance, and education.