AI Adoption Projected to Drive $30 Billion Economic Growth in Sub-Saharan Africa – Google Report

According to Google’s 2024 Digital Opportunity for Sub-Saharan Africa Report, the integration of Artificial Intelligence (AI) into the region’s economic landscape could result in a substantial $30 billion uplift.

This projection underscores AI’s pivotal role in unlocking the digital potential of Sub-Saharan Africa and fostering economic resilience.

The report reveals that approximately 6.5 million young people in the region acquired new skills through Google Search in 2023, leading to an estimated $7.8 billion increase in productivity, highlighting the transformative impact of digital tools on workforce development and economic productivity.

In addition to AI advancements, Google’s comprehensive suite of services contributed an estimated $16 billion to the region’s economy last year, as reported by Public First, a London-based policy and research consultancy.

However, the findings suggest that significant untapped opportunities remain, indicating room for further economic enhancement.

Google’s commitment to the African continent includes a $1 billion investment aimed at supporting digital transformation initiatives. This strategic investment focuses on expanding access to fast and affordable internet, developing innovative products, bolstering entrepreneurship, and enhancing the operational capacities of non-profit organizations to uplift local communities.

The report also forecasts a promising economic outlook, positing that every dollar invested in digital technology in Sub-Saharan Africa could yield over $2 in economic returns by 2030, particularly in leading nations.

As the region prepares for a transformative “digital decade,” Google anticipates that more than half of the population will gain internet access for the first time, heralding a new era of connectivity and economic opportunity.

Source:norvareports.com