Artificial Intelligence (AI) offers Africa a new and inspiring opportunity to move forward alongside the rest of the world, shaping its path and contributing to steering the future in a positive direction. 

With a median age of 19.3, Africa boasts one of the youngest populations globally, a demographic that is a goldmine for technology, innovation, and jobs. As the continent continues to grapple with poverty, unemployment, and inequality, the integration of AI within the investment ecosystem presents an opportunity to enhance decision-making, optimize resource allocation, and unlock scalable, innovative solutions. Projects like Cassava AI exemplify how Africa can leapfrog into its transformation through AI-driven innovations. 

According to a PwC report, AI could add $15.7 trillion to the global economy by 2030. In the impact investing landscape, AI can improve data analysis, risk assessment, and project monitoring. A key challenge reported by impact investors is the lack of reliable data on social outcomes. With AI capabilities, data can be processed and interpreted more efficiently and accurately. 

By leveraging these insights, impact investors can enhance pattern recognition, proactively manage risks, and allocate capital more effectively. This will ensure that capital flows toward projects with the highest potential for positive impact. 

Additionally, AI can play a crucial role in impact measurement. Traditional monitoring and evaluation rely on labor-intensive and manual processes that delay insights and decision-making. AI-driven tools can automate data collection and analysis, providing continuous feedback on performance and impact.  

Despite the immense potential of artificial intelligence (AI), strong governance remains crucial. Without careful oversight, AI systems can reinforce existing biases and inequalities, particularly when trained on historical data. Building ethical and robust governance frameworks is essential to ensure transparency, accountability, and fairness. 

While AI is poised to transform multiple sectors, several challenges persist, including limited funding for AI development, accessibility across diverse native languages, concerns around data privacy, and questions of ownership. Ultimately, a fundamental question remains: Is AI truly a force for good, and who bears the responsibility for ensuring equitable access to its benefits? 

Join us at the AVPA 2025 Conference in Nairobi from 3rd to 5th November as we advance this conversation on the transformative potential of AI and its governance in Africa.