African Nations Urged to Tap Pension Funds for AI Boom
African nations should borrow and tap pension funds to develop AI infrastructure, the UN Economic Commission for Africa said. The global AI boom is expected to benefit African economies.
Ibrahim Hassan
East Africa Bureau Chief
The United Nations Economic Commission for Africa has urged African nations to borrow and tap pension funds to develop the infrastructure needed to benefit from the global AI boom. The report, released at a meeting of African finance ministers in Morocco, warned that the continent's economies will miss out on the benefits of the AI revolution if they do not invest in the necessary infrastructure. African nations should increase domestic revenue collection and tap pension and sovereign wealth funds to develop the infrastructure needed to benefit from the global AI boom, the report said. The report did not provide specific figures or statistics on the potential benefits of investing in AI infrastructure.
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This article was researched and compiled by the PulseAfrica editorial team using information from international news sources including Reuters, BBC Africa, Al Jazeera, AFP, and local African media outlets. PulseAfrica is committed to accurate, balanced and independent journalism covering all 54 African nations in three languages.
