The recent endorsement of the “Continental Artificial Intelligence Strategy” by the African Union’s Executive Council is a significant step towards accelerating AI adoption across Africa. This transformative plan is designed to foster innovation and drive economic growth by integrating AI into public and private sectors within member states. The urgency of this initiative is underscored by the fact that by leveraging AI, Africa can tackle various healthcare, education, and finance challenges. For instance, AI can be used to predict disease outbreaks, personalise learning experiences, and provide financial services to remote areas.
Peko Wan, co-CEO of Pundi X, a company known for its blockchain-based POS solutions, discusses the importance of AI in Africa. With over 15 years of experience in IT, Wan emphasises that aligning AI strategies with local regulations is crucial for fostering trust and ensuring compliance across the continent. Pundi X is making strides in financial inclusion by using AI to facilitate blockchain transactions, offering secure and efficient services to the unbanked population.
Wan highlights that AI can drive economic growth by optimising operations, fostering innovation, and providing new income opportunities. She also underscores the importance of localisation in making AI and blockchain solutions effective across Africa’s diverse regions, reassuring the audience about the adaptability of AI in Africa.
AI is not just a technological advancement, but a powerful tool to help achieve Sustainable Development Goals (SDGs) in Africa. It can improve healthcare, enhance education, and optimise agriculture. Importantly, AI has the potential to promote gender equality, a key SDG, by providing equal opportunities and access to resources. Additionally, AI’s potential to expand financial inclusion and reduce inequality makes it a powerful tool for sustainable development across the continent. As Africa embraces AI, the potential for economic transformation and growth is vast, promising a brighter future for its people.
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