Nigeria’s tech ecosystem leads the AI ​​innovation race at GITEX Africa

Startups take center stage as government leaders

Nigerian startups are leading the epic AI innovation race with innovative digital solutions that solve challenges across continents. These best companies from Africa's largest economy will take center stage at the emerging Silicon Valley's biggest technology and startup event in Morocco next month.

From AI-powered diabetes care to SaaS (Software as a Service) platforms that boost agricultural profitability, Nigerian technology is shaping the future of Africa's burgeoning digital economy and will be featured at GITEX Africa 2024's AI Everything Expo We are attracting investors from around the world with attractive venture opportunities. The continent's largest technology and startup event will be held in Marrakech from May 29th to 31st.

Also read: GITEX Africa plans biggest tech, startup conversation in Marrakech

According to analysts at Statista, Nigeria's AI market value is expected to exceed $1 billion in 2024, grow 17% annually over the next seven years, and reach $3 billion by 2030.

Nigeria’s bold commitment to establishing the country as a leading force in AI and technology talent development has led to strong recognition at GITEX AFRICAs AI Everything Showcase, the continent’s most progressive power forum for AI exploration and deep technology innovation. This will be further amplified by venture capital demand and interest. The incredible AI growth opportunities in Nigeria will further increase the demand.

FundusAI, Africa's first AI-powered diabetes care ecosystem, is an example of a Nigerian innovation that helps doctors detect diabetic retinopathy earlier and ranks among hundreds of global startups. One of the best 60+ Nigerian startups. At GITEX Africa 2024.

FundusAIs CEO and Founder, Abulmalik Adeyemo, said the company's products stand out as Africa's first AI-powered diabetes care ecosystem, with the goal of diagnosing more than 5 million patients annually by 2027 while simultaneously , hopes to expand the scope of FundusAIs to address additional eye health issues.

FundusAI provides automated diagnosis, appointment scheduling, treatment referrals, and community support. Additionally, gamified data collection ensures personalized healthcare insights.

Farmatrix is ​​another Nigerian AI changer at the AI ​​Everything Expo at GITEX AFRICA 2024. It is a SaaS platform that uses advanced AI algorithms to connect farmers with agricultural aggregators and buyers in real-time, significantly reducing post-harvest losses and increasing profits.

Pharmatrix founder Nyafam Manzo said more than 60% of smallholder farmers in Nigeria lose almost half of their post-harvest yields because they do not have easy access to buyers for their products.

Farmatrix democratizes purchase orders, ensuring end-to-end markets, secure storage facilities, and reliable logistics services for all farmers and produce aggregators in the network.

Although Africa is still in the early stages of AI adoption, interest in transformative technologies is growing across the continent as governments accelerate AI workforce development plans while balancing AI innovation and regulation.

Tomiwa Aladekomo, CEO of Big Cabal Media, a Nigeria-based pan-African media group that tells the world about Africa's great startup stories, said Nigeria is developing technology talent and improving productivity. It is setting an example to accelerate investment and attract investment across the continent.

In Nigeria, the Ministry of Communications, Innovation and Digital Economy is training 3 million tech talent over the next four years, and we want to see that across the continent, he said at the Future of Finance Summit. Aladekomo said. , he is one of his more than 10 strong conference programs for GITEX AFRICA 2024.

Africa needs to develop AI products, and it needs to think not only from a safety perspective, but also about regulations that promote productivity, allowing it to become a producer (of AI) and not just a consumer. , and that would require a huge amount of money. of technical talent.

Under the patronage of His Majesty King Mohammed VI of the Kingdom of Morocco, GITEX AFRICA is organized under the jurisdiction of the Moroccan Ministry of Digital Transition and Administrative Reform, supported by the Ministry of Health and Social Protection, and hosted by the Digital Development Authority . agency. Following its pioneering debut in 2023, the second edition of the blockbuster edition hosted by KAOUN International is released.

More than 30 high-level Nigeria-based speakers are set to take part in the power-packed GITEX AFRICA conference program that rapidly accelerates cross-border collaboration and investment opportunities. Key government officials participating include Mr. Tunji Alausa, Nigeria's Minister of Health and Human Services; Mr. Akin Abayomi, Commissioner, Lagos State Ministry of Health; and Zamfara State Governor Dauda Lawal.

Other headliners include Aminu Maida, CEO of the Nigerian Communications Commission (NCC); Prasanna Burri, Group CISO, Dangote Group. His COO of Altheia Capital, Mr. Yewande Adewusi, and the National Director of the National Center for Artificial Intelligence and Robotics, Mr. Yau I. Garba.

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