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Unlocking Africa's AI Potential: Strategies for Sustainable Participation 🧠 🌍

Unlocking Africa's AI Potential: Strategies for Sustainable Participation 🧠 🌍

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Discover how Nigeria's Minister of Technology is spearheading a $3.5 million AI strategy project to ensure Africa doesn't lag in the global AI race. Africa holds less than 1% of the AI market, but with robust investment and innovative strategies, there's hope for the continent's AI future.

Amidst global AI investments soaring to $50 billion, Nigeria is striving to catch up, recognizing the potential $1.5 trillion economic boost if Africa captures 10% of this investment. With over 100 unregistered digital loan apps impacted by Tanzania's Central Bank restrictions, the AI landscape is evolving.


In Nigeria, Olu Oyinsan of Oui Capital advocates for a more sustainable approach, emphasizing the utilization of AI by existing startups rather than building new ones. However, Ayobamigbe Teriba of VC firm HoaQ stresses the necessity of building foundational AI models using African data to ensure representation and inclusion in innovation paradigms.


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