At Smart Money Institute Labs🥼 🧫🧪, we are exploring the immense potential of AI in transforming Africa’s economies. From medical diagnostics in Zambia to agricultural advancements in Kenya, AI is slowly being embedded into everyday life across the continent. Experts predict that by 2030, AI could contribute up to $30 billion to African economies annually, propelling growth by 3% each year.

Big Tech’s investments, like Microsoft’s $1 billion in Kenya and Google’s AI research centers, highlight Africa’s readiness for an AI revolution. However, challenges such as data privacy, class divides, and Africa’s linguistic diversity must be addressed to ensure equitable growth.✍🏿