AI Expected to Boost Africa's GDP by $1 Trillion by 2035, According to AfDB Report
GDP Growth Projection: Africa's GDP is expected to increase by $1 trillion by 2035, largely due to the integration of artificial intelligence across various sectors, which could account for nearly one-third of the continent's current GDP.
Job Creation and Workforce Integration: The AI initiative is projected to create 35 to 40 million digital jobs and integrate 300 million youth into the workforce, enhancing economic opportunities and inclusivity.
High-Impact Sectors: Five key sectors—Agriculture, Wholesale and Retail, Manufacturing, Finance, and Health—are identified to capture 58% of the projected GDP growth, focusing on enhancing food security, health services, and financial inclusion.
Roadmap to AI-Readiness: The report outlines a three-phase roadmap to achieve AI readiness by 2035, emphasizing the importance of data, infrastructure, skills, governance, and capital investment to support sustainable growth.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00938 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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