What does the AI economy really require to succeed in Africa? 🌍
Speaking at the Global AI Summit on Africa yesterday, our President and Group CEO, Hardy Pemhiwa, explained that the AI economy in Africa isn’t reliant on any one element. It needs the entire ecosystem working, beginning with the fundamentals. “If we don’t solve the financial infrastructure and the economy infrastructure that attracts capital that can fuel this growth that we’re looking at, then Africa ends up on the menu, not at the table.”
He explained that AI has the power to amplify the competitiveness of industries across Africa but that beyond foundational sectors such as health and education, the way South Africa needs to use AI is going to be vastly different than the way Zambia needs to be able to apply AI and our approach needs to reflect this.
That’s why our recently announced AI Factories’ purpose is manufacturing intelligence. We’re manufacturing tokens that every industry can take and use in the way that best amplifies the competitiveness of their own industry.
At Cassava, this vision of democratising intelligence through our AI Factory initiative is at the heart of our mission to empower African businesses and drive continental competitiveness. Let's build the future of AI in Africa, together!