Reported information
Adesina proposes $10 billion fund for African AI
Former African Development Bank president Akinwumi Adesina proposed a $10 billion African AI and frontier technology fund in Abuja on 3 November 2026. He wants it to anchor a $50 billion investment effort over ten years.
BusinessDay and The Moment report that the proposal would fund research, infrastructure and African technology businesses. Adesina proposes a coalition of governments, development banks, private investors and philanthropists.
BusinessDay lists computing capacity, scholarships, African languages and electricity among the priorities. This is a financing proposal: the reports consulted establish neither an operational fund nor firm commitments matching the announced sums.