AI Set to Propel Africa’s Economy by $1 Trillion by 2035, AfDB Reports

Africa’s GDP could expand by an additional $1 trillion by 2035, driven by widespread adoption of advanced artificial intelligence (AI) technologies across the continent. The projection comes from a comprehensive report published by the African Development Bank (AfDB) in partnership with consulting firm Bazara Tech. The forecast attributes the anticipated growth to enhanced productivity and Africa’s vast digital potential, representing roughly one-third of the continent’s current GDP.
Africa’s expanding digital capabilities, favorable demographic trends, and ongoing sectoral reforms are positioning the region as a hotspot for AI-driven growth. Beyond boosting GDP, the report estimates that AI adoption could generate between 35 and 40 million digital jobs and integrate 300 million young people into the workforce. Incorporating African data and languages into global AI models is also highlighted as a key step toward more equitable AI solutions worldwide.
The report identifies five “high-impact” sectors expected to capture a majority of this growth, using a data-driven scoring model based on GDP share, digital readiness, and alignment with Sustainable Development Goals. Agriculture is projected to contribute $200 billion, Wholesale and Retail $140 billion, Manufacturing and Industry $90 billion, Finance and Inclusion $80 billion, and Health and Life Sciences $70 billion—together accounting for 58% of the total $1 trillion increase. The remaining 42% ($420 billion) will be distributed among ten other sectors, targeting improvements in food security, healthcare access, financial inclusion, and productivity in informal economies.
Nicholas Williams, Manager of AfDB’s ICT Operations Division, stressed the Bank’s readiness to invest in these sectors and urged governments and the private sector to leverage the investment to achieve productivity gains and create jobs. The report also presents a roadmap for AI readiness, divided into three phases: the ‘Ignition’ phase (2025–2027) focuses on policy frameworks, pilot programs, and foundational computing; the ‘Consolidation’ phase (2028–2031) emphasizes regional digital corridors, sandbox regulations, and scaled investment; and the ‘Scale and Diffusion’ phase (2032–2035) aims to fully activate AI adoption across sectors.
Supporting this strategy are five critical enablers: reliable data to generate AI insights, scalable compute infrastructure, a skilled workforce, trust through governance and regulatory frameworks, and sufficient capital investment. Collectively, these elements are designed to safeguard and accelerate Africa’s AI-driven economic growth, positioning the continent as a major player in the global AI landscape by 2035.
Recommended Articles
Microsoft's AI Retreat: Copilot Bloat Rolled Back on Windows

Microsoft is scaling back Copilot AI integrations in Windows 11 apps like Photos and Notepad, signaling a "less-is-more"...
Google's $379M Impact: Black Founders Fund Fuels Tech Innovation & Creates 6,000 Jobs!

Despite facing significant barriers, particularly in access to capital, Black entrepreneurs in Africa are making substan...
You may also like...
End of an Era: Mohamed Salah's Impending Liverpool Departure Leaves Massive Void

Mohamed Salah, a legendary figure at Liverpool, will leave Anfield at the end of the season after nine illustrious years...
Chaos Erupts at Tottenham: Manager Igor Tudor's Future in Doubt Amidst Personal Tragedy and Relegation Scare

Tottenham Hotspur faces a dire relegation battle, currently sitting just one point above the drop zone after a dismal ru...
Marvel Mania! Daredevil: Born Again Season 2 & Punisher Special Drop Shocking Crossover News!
Marvel's highly anticipated series, Daredevil: Born Again, premieres its second season tonight, bringing changes to its ...
Wizarding World Unleashed: HBO's Harry Potter Series Reveals First Look at Hogwarts Magic!

The HBO
Shockwave: Nigeria Rocked by Outrage Over Ozoro Festival Sexual Assault

A cultural festival in Ozoro, Delta State, descended into national outrage after videos showed women being harassed and ...
Horror Unleashed: A24's 'Undertone' So Terrifying, Its Stars Were Petrified On Set!

A24's "Undertone" is a chilling horror film featuring Nina Kiri in a commanding lead role as a podcaster exploring the s...
Cillian Murphy Drops 'Peaky Blinders' Bombshell: Tommy Shelby's Fate & Barry Keoghan's Texted Casting Revealed!

Cillian Murphy and Barry Keoghan delve into their roles in Netflix's 'Peaky Blinders: The Immortal Man,' discussing the ...
Kehlani Electrifies JHud's Spirit Tunnel: A Party for the Ages!

R&B artist Kehlani recently celebrated her success with two Grammy Awards and brought her vibrant energy to the Jennifer...