Capturing Just 10% of AI Market Could Expand Africa’s Economy by 1.5tln

ADDIS ABABA – Africa could expand its economy by a staggering $1.5 trillion dollars, by capturing just 10% of the speedily growing artificial intelligence (AI) market, set to reach $15.7 trillion by 2030, said Vera Songwe, Executive Secretary of the Economic Commission for Africa (ECA).

Songwe said this while addressing several ministers and other participants at the third Africa Regional Science, Technology and Innovation Forum (ARSTI2021), through the Director of the Technology, Climate Change and Natural Resource Development Division of ECA, Jean Paul Adam.

(adsbygoogle = window.adsbygoogle || []).push({});

“AI growth can help in creating additional high value and decent jobs, diminish poverty, increase the productivity of firms, preserve the environment and foster better living conditions,” she added.

“Research has shown that AI has the potential to solve some of the most pressing challenges facing Africa and drive sustainable development in agriculture, health, infrastructure, financial and public services and climate change,” Songwe maintained.

ECA’s Executive Secretary said the Republic of Congo, which is hosting the Forum in situ in Brazzaville and online, finds itself in a special sub-region, blessed with natural capital, such as huge forests.

However, these forests have been disproportionately depleted, in comparison to those of other parts of the world, partly due to climate change. Artificial intelligence, she argued, could enhance already existing technologies which have been used to tackle COVID-19, to solve such climate change problems.

The imminent creation of an African Artificial Intelligence Research Centre in Brazzaville, Congo, with support from ECA, could give momentum to this new movement in Africa.

Léon Juste Ibombo, Congo’s Minister of Posts, Telecommunications and Digital Economy, praised ECA for its background work towards establishing the Centre, which, he said, “demonstrates Africa is innovative and uninhibited.”

The Centre is being designed to improve the current landscape of Artificial Intelligence research in Congo and in Africa in general, to orient the use of AI to foster economic and social development, while promoting close collaboration between academia and the industrial sector in AI and robotics across Africa.

It is such investments and strong partnerships for capacity building in science, technology and innovation which would accelerate the implementation of the Sustainable Development Goals (SDGs) in Africa, according to Shamila Nair-Bedouelle, UNESCO’s Assistant Director-General for Natural Sciences.

ARSTI2021 features several debates and breakout sessions to follow-up and review of progress made since the first two sessions of 2109 and 2020.

It has also featured an innovation bootcamp for young Africans, both in person in Brazzaville and connecting from across the continent and affording them an opportunity to develop projects using skills they have learnt in relation to robotics and AI, as well as access to 3D printing technologies.

By the time the Forum rounds off on Friday, it would have identified potential mechanisms and measures that African countries could deploy to leverage STIs for achieving the Sustainable Development Goals and the Aspirations of Agenda 2063.

Source: Link to the Post

Leave a Reply