Kenya beats Nigeria in AI investment inflows

Kenya attracted Sh1.95 billion investments in the AI sector in 2023.

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Kenya‘s Artificial Intelligence (AI) sector received $15 million (Sh1.95 billion) in funding in 2023, a new report shows, pipping Nigeria’s which got $2.9 million (Sh 377.9 million).

The two nations, however, trailed South Africa where inflows to the AI sector hit $123 million (Sh16.02 billion), the report by the Global System for Mobile Communications Association (GSMA) shows.

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Note: The results are not exact but very close to the actual.