Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»AI and fintech to drive next digital leap of Africa – World
    Fintech

    AI and fintech to drive next digital leap of Africa – World

    October 22, 20253 Mins Read


    A 5G-enabled robotic dog at a booth during the Mobile World Congress in Kigali, Rwanda, on Tuesday. BLOOMBERG/GETTY IMAGES

    As Africa”s mobile revolution enters a new phase, policymakers and industry leaders gathering in Kigali, Rwanda, said artificial intelligence and fintech hold the key to unlocking inclusive growth — if the continent can close its digital and energy gaps.

    At this year’s Mobile World Congress, or MWC Africa, being held in Rwanda’s capital, Kigali, leaders have called for greater investment in infrastructure, energy, and human capital to turn connectivity into tangible economic opportunity.

    Rwandan President Paul Kagame, during the opening ceremony on Tuesday, said the continent’s rapid digital transformation demonstrates how innovation can emerge anywhere, provided enabling policies and partnerships are in place.

    “In just a few years, Africa has gone from limited connectivity to a mobile-driven economy. Broadband and smartphones have become tools of daily life, transforming commerce, education, finance, and other key sectors,” Kagame said.

    He highlighted mobile money as a global model for financial inclusion. “It has empowered small businesses and women entrepreneurs by linking their potential to the broader economy,” he said.

    Despite progress, Kagame cautioned that Africa must act urgently to bridge the digital divide, noting that only a small fraction of Africans are connected compared to the global average.

    “If this gap persists, technology meant to expand opportunity could instead widen inequality,” he said.

    The president stressed integrating AI into planning and public service delivery, as well as harmonizing policies to foster innovation.

    “The challenges Africa faces are significant, but they also present great growth potential,” he added.

    Call for collaboration

    Rwanda’s Minister of ICT and Innovation, Paula Ingabire, said hosting MWC Africa reinforces the country’s ambition to lead Africa’s digital transformation.

    “The future of digital Africa will be defined by collaboration. We must converge across governments, industries, and innovators to make Africa not just a market for innovation, but a home of digital leadership,” she added.

    Doreen Bogdan-Martin, secretary-general of the International Telecommunication Union, said AI could help generate about $2.9 trillion for the African economy.

    “We have to work together across sectors and governments to solve this. A digital future requires access for all,” she said.

    Vivek Badrinath, director general of Global System for Mobile Communications Association, said Africa’s mobile industry is now one of the largest infrastructures on the planet, covering 91 percent of the population and connecting over 710 million people, adding that the next leap will be powered by “intelligence, investment and inclusion”.

    “Africa has more than 2,000 languages, yet they make up only 0.02 percent of online content,” he said. He called for partnerships with necessary stakeholders in different countries to develop inclusive AI models for African languages and ensure AI benefits all citizens.

    He said regulatory reforms, fair competition, and streamlined land and permitting processes are critical enablers of investment.

    “If we close the usage gap, we can add $625 billion to Africa’s GDP by 2030. Connectivity is not just about technology; it’s about empowering people, building resilience, and driving sustainable growth,” Badrinath said.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    UPI Goes Global, Fintech Hits A Wall

    Fintech

    Fintech Is Booking’s Quiet Powerhouse, and It’s Getting Smarter With AI

    Fintech

    South Africa fintech launches platform to unlock SME funding

    Fintech

    Fintech Body flags UPI dominance by American Companies, seeks measures for fair competition

    Fintech

    Vijya Fintech’s MIDASX Raises INR 12 Crore and Acquires AI Startup to Power India’s First Open-Architecture B2B2C Multi-Asset Marketplace

    Fintech

    India Fintech Foundation urges RBI, finance ministry to mitigate UPI concentration risk

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Next Big Crypto: Dawgz AI

    Commodities

    Researchers find traces of toxic metals in tampons

    Property

    Amid city hall overhaul, adjacent apartment tenants ask: What about us?

    Editors Picks

    Digital Payment Volume Up 35% In FY25

    May 29, 2025

    Les fournisseurs d’électricité Mint et BCM Energy sanctionnés pour pratique abusive

    July 10, 2025

    Opinion | The Younger Wealthy’s Alternative Approach to Investments Doesn’t Extend to Taxation

    August 17, 2024

    Montana state auditor warns of rise in cryptocurrency ATM scams

    August 19, 2025
    What's Hot

    Auzeville-Tolosane. Un projet d’agriculture durable au cœur du Sicoval

    July 2, 2025

    Gold’s price renews its upward movement

    March 18, 2025

    Aviva finalise l’acquisition de Morrisons Retirement Saver Plan pour 270 millions de livres sterling

    May 28, 2025
    Our Picks

    How to understand a property’s real value

    August 6, 2025

    Have US stock market prices fallen since Trump took office?

    March 21, 2025

    High-Flying Chipmakers See Worst Plunge Since 2020: Markets Wrap

    July 17, 2024
    Weekly Top

    PROPERTY INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: Strategic planning for heritage and high-value properties

    October 31, 2025

    Grim Reaper haunts housing market as shock surge in collapsing deals sends ghoulish warning for US economy

    October 31, 2025

    How Trump got close to crypto before pardoning the Binance CEO

    October 31, 2025
    Editor's Pick

    Hawk Tuah girl officially returns to social media months after cryptocurrency scandal – Celebrity

    March 25, 2025

    Top Two Coins In The Queue To Surge 200% In September

    August 26, 2024

    Brent Hinds, former lead guitarist of heavy metal band Mastodon, dies in motorcycle crash

    August 21, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.