The African Development Bank Group (the Bank Group) and the United Nations Development Programme (UNDP) announced the launch of the AI 10 Billion Initiative at the Nairobi AI Forum 2026, held from February 9-10, 2026. This initiative aims to accelerate the adoption of responsible artificial intelligence across Africa, fostering inclusive digital economic growth. The Forum convened a diverse group of stakeholders, including government representatives, private sector leaders, development partners, and technology innovators, to discuss strategies for impactful AI deployment.

The AI 10 Billion Initiative is designed to mobilize up to $10 billion by 2035 through partnerships between the Bank Group, UNDP, and private entities. The objectives of the initiative include the creation of approximately 40 million jobs across Africa by establishing supportive investments in areas such as entrepreneurship, regional data infrastructure, policy development, and skills enhancement. This approach highlights the potential of AI not only as a technological advancement but also as a driving force for socioeconomic development on the continent.

The announcement signifies a crucial step towards leveraging artificial intelligence as a tool for economic transformation in Africa. By focusing on responsible adoption and addressing the skills gap, the initiative aims to ensure that the benefits of AI are equitably distributed, fostering sustainable growth and development in the region. The collaborative effort between the Bank Group, UNDP, and various partners underscores the importance of a united approach in tackling the challenges and opportunities presented by digital technologies in Africa's evolving economic landscape.