Grapevine

AI may add $30bn to Africa’s economy by 2034 – Report

“With AI, the future of Africa’s digital economy is bright and full of possibilities,” the report stated.

It also explored the surge in internet connectivity across Sub-Saharan Africa, describing it as a “digital decade”, with more than half of the region’s population expected to gain internet access.

It noted that the increased connectivity, coupled with the growing adoption of digital tools, presented a significant opportunity for economic development.

The research suggested that a one per cent rise in internet connectivity could boost the region’s GDP by nearly 6 per cent, emphasising the critical role of digital technology in shaping Africa’s future.

In 2023 alone, Google’s tools—such as Search, Maps, and YouTube—helped generate $16bn in economic activity across Africa, according to the report.