IMF: AI COULD BOOST SUB-SAHARAN AFRICA ECONOMY BY 4% WITH REFORMS

Artificial intelligence could increase Sub-Saharan Africa's economy by approximately 4 percent over the next decade if supported by better electricity, internet access, and digital skills, according to a new International Monetary Fund paper. Without these critical reforms, the potential growth dividend from AI remains negligible for the region. The finding underscores the urgent need for infrastructure and capability investments to unlock technology-driven economic gains across African nations. This economic outlook aligns with broader World Bank efforts, including a recent $1.5 billion loan to South Africa aimed at easing infrastructure bottlenecks and boosting growth.