Artificial Intelligence (AI) could add up to US$1.5 trillion to Africa’s economy by 2030—if the continent captures just 10% of the global AI market, according to the Africa AI Skills Readiness Revealed report by German software giant SAP.
Launched in Johannesburg and based on research in Kenya, Nigeria, and South Africa, the report projects the creation of 230 million new digital jobs in Africa by 2030. It also estimates that over 650 million Africans will need digital skills training or retraining in the coming years.
Africa’s digital economy is expected to grow from 5.2% of GDP in 2025 to 8.5% by 2050.
SAP’s latest study—developed in partnership with Vanson Bourne—surveyed 100 respondents across the public and private sectors. It reveals a critical shortage of AI talent across African businesses, with nine out of ten organisations citing a gap in AI expertise.
To address this, two-thirds of companies have adopted upskilling initiatives focused on AI specialisation. SAP, for its part, has committed to supporting universities across Africa to help train the next generation of AI professionals.
The continent’s AI market is projected to reach $4.92 billion by 2025, representing 2.5% of the global AI sector, with 2,400+ AI-focused companies already active—726 in South Africa, 456 in Nigeria, and 204 in Kenya.
Source: IT Web
Via: Extensia.Tech
