McKinsey Sees Gen AI Adding Up to $100 Billion to Africa Economy

The use of generative artificial intelligence could unlock $61 billion to $103 billion in economic value to Africa yearly, Mayowa Kuyoro, who leads the financial services practice in Africa for McKinsey & Company, tells reporters at the Africa CEO Forum in Abidjan, the commercial hub of Ivory Coast.

• To reach the top of that range, the continent would have to improve digital infrastructure and develop better-prepared talent, says Kuyoro at the launch of a new report on Africa’s Gen AI opportunity
• Telecommunications, high-tech sectors such as engineering and financial services are among those that stand to gain the most ...