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Business News of Wednesday, 24 April 2024

Source: www.mynigeria.com

Nigerian tech start-ups lead AI innovation race at GITEX Africa

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Nigerian new tech companies are leading a great AI innovation race with innovative digital solutions solving cross-continental challenges.

These best performers from Africa’s largest tech ecosystem will gather at the rising Silicon Valley’s largest tech and start-up event in Morocco next month.

From AI-powered diabetic care, to SaaS (Software as a Service) platforms boosting agriculture profitability, Nigeria's tech industry is shaping the future of Africa’s burgeoning digital economy, pulling in global investors with tantalising venture opportunities at the AI Everything Expo by GITEX Africa 2024, the continent’s largest tech and start-up event, from May 29-31 in Marrakech.

Analyst at Statista have revealed that Nigeria’s AI market value will surpass the $1 billion mark in 2024, growing 17 percent yearky over the next seven years to reach $3 billion by 2030.

FundusAI, Africa’s first AI-powered diabetic care ecosystem, is an example of Nigerian-borne innovation allowing doctors to detect Diabetic Retinopathy early, and will be one of more than 60 of the most outstanding Nigerian start-ups among hundreds of global start-ups at GITEX AFRICA 2024.

“Our product stands out as Africa’s first AI-powered ecosystem for diabetic care,” said FundusAI’s CEO and Founder Abulmalik Adeyemo.

Adeyemo continued that, “FundusAI offers automated diagnosis, appointment scheduling, treatment referrals, and community support. Additionally, our gamified data collection ensures personalised healthcare insights.”

Over 30 high-level Nigerian-based speakers are set to partake at the power-packed GITEX AFRICA conference programme.

Top government dignitaries participating include Tunji Alausa, Nigeria’s Minister of State, Health and Social Welfare; Akin Abayomi, Commissioner for the Lagos State Ministry of Health; and Dauda Lawal, Governor of Zamfara State.

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

BEB