Trends to watch out for in African tech in 2024

In 2024, artificial intelligence (AI) is expected to gain wider application across diverse sectors in Africa, ranging from payments to health infrastructure. As businesses seek to improve efficiency and drive innovation, AI will play a crucial role in transforming various industries.

Digital commerce platforms will adopt AI tools with surgical precision, rather than implementing them on a sweeping scale. This targeted approach will enable companies to maximise the benefits of AI while minimising potential risks and challenges.

Startups will likely continue cost-cutting measures, focus on unit economics, and prioritise resilience in an uncertain funding environment.

Africa's AI market is projected to reach $6.9 billion in 2024, powered by advancements in machine learning, natural language processing, and autonomous and sensor technology. These technologies will drive growth and innovation in the African startup ecosystem, enabling businesses to better serve their customers and compete on a global scale. (Read More)

Major Highlights

• AI integration will increase across various sectors, including payments and health infrastructure.

• Digital commerce platforms will adopt AI tools with precision, rather than implementing them on a sweeping scale.

• Africa's AI market is projected to reach $6.9 billion in 2024, powered by machine learning, natural language processing, and autonomous and sensor technology.

• AI will play a crucial role in driving innovation and efficiency in the African startup ecosystem.

KINI BIG DEAL (Why Does this matter)

As AI continues to expand across the continent, it will be essential for companies and policymakers to focus on responsible AI development and implementation.

By prioritising ethical considerations and ensuring that AI benefits all segments of society, Africa can harness the power of AI to drive sustainable growth and development.