AI in Agriculture, Retail Sectors May Lead to Double Digit Growth by 2035

AI in Agriculture, Retail Sectors May Lead to Double Digit Growth by 2035

By Adedapo Adesanya High-impact sectors, including agriculture, wholesale and retail, will see double digit increases with the integration of artificial intelligence (AI) across Africa by 2035. This is according to a new report by the African Development Bank (AfDB) developed under the G20 Digital Transformation Working Group, Africa’s AI Productivity Gain: Pathways to Labour Efficiency, […]

AI Boom On Track To Supply USD 1 T GDP Boost In Africa

Artificial intelligence could add USD 1 T to Africa’s economy by 2035, the African Development Bank (AfDB) estimates, but it warned the continent must urgently develop data infrastructure, skills, and regulation to capture the potential gains. The projection, outlined in a new bank-commissioned report, equates to nearly a third of Africa’s current annual economic output. The benefits, however, are expected to be concentrated in a handful of sect…

Artificial Intelligence to add $1 trillion to Africa's GDP by 2035- AfDB report

Africa’s Gross Domestic Product (GDP) is projected to grow by an additional $1 trillion by 2035, driven by the integration of artificial intelligence models. This is according to a report by the African Development Bank (AfDB) in partnership with Bazara Tech, a consulting firm.  The report explained that increased productivity fueled by Africa’s digital potentials and AI enablement will be spread across various sectors on the continent. With thi…