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For millions of Nigerians, healthcare doesn’t begin in a hospital. It begins in living rooms… in busy markets… at the neighbourhood pharmacy… or even inside a late-night WhatsApp chat with someone who “knows someone” that might have experienced the same symptoms. That’s the reality.
For the longest time, if you said “venture capital in Africa", one word would immediately follow: fintech. Payments. Lending. Digital banks. Mobile money. That’s where most of the money has gone, and honestly, for good reason.
For decades, buying fuel has followed the same routine across Nigeria — drive in, wait your turn, speak to an attendant, make a transfer (or bring out cash), and hope there’s no delay or mix-up before you leave. Now, that routine may be on its way out.
A new report by the African Development Bank is now placing Africa at the centre of the global AI growth conversation, not as a consumer of technology, but as a future builder of it. And the numbers? They’re massive. According to the Bank’s latest study developed under the G20 Digital Transformation Working Group, Africa could unlock up to $1 trillion in additional GDP by 2035 through inclusive AI adoption.
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