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Adesina proposes $10 billion fund for African AI

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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.

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