Former AfDB President Adesina Proposes $10bn To Fund Africa’s AI Technology

Former president of the African Development Bank (AfDB) Dr. Akinwunmi Adesina has proposed $10 billion to finance Africa’s Artificial Intelligence (AI) technological and industrial future, warning that the continent risks dependence on other countries if it fails to invest in technology and innovation.
Adesina said this while delivering his keynote address during the 2026 Leadership Conference, with the theme “ leadership for a prosperous future”, organised by the Oxford Global Think Tank and convened by the Director-General of the Securities and Exchange Commission (SEC), Aruma Oteh, in Abuja on Tuesday.
He said, “I proposed the establishment of a $10 billion African AI frontier Tech...