Kora Drives Dialogue on AI in Africa
On November 8, 2025, Kora, a prominent fintech infrastructure provider based in Lagos, hosted the second annual Sundown Sessions, themed "AI in Africa: Scaling Beyond the Hype." This dynamic event attracted tech entrepreneurs, investors, and industry leaders passionate about how artificial intelligence (AI) can transform Africa's digital economy. With features such as engaging panels and a keynote from influential figures like Iyin Aboyeji, co-founder of Andela and Flutterwave, the evening sparked essential conversations about the future of AI across the continent.
The Potential of AI for African Startups
The Sundown Sessions highlighted the transformational potential of AI in various sectors, from finance to agriculture. In one discussion led by Ifeanyi Nwunne and Yinka Ash, panelists emphasized that rather than replacing human creativity, AI serves as a powerful partner that can enhance productivity and innovation. As Ash pointed out, "AI only threatens those who stop innovating." This perspective is essential for startups; leveraging AI can help position them competitively on a global scale.
Investment Opportunities in African AI
Another key focus of the event was investment in African AI startups. A panel moderated by Rufai Oseni featured investors like Lexi Novitske and Anil Atmaramani, who discussed the countries with the highest potential for AI-driven growth. They identified Nigeria, Egypt, and South Africa as frontrunners. These nations present unique advantages that can accelerate the emergence of a $100 million pure AI company, particularly in consumer applications and infrastructure services.
Kora’s Ambitious Vision
During the event, Kora unveiled its latest innovation, Kovo, a product that enhances payment processing through instant messaging platforms. Jime Akpusugh, Head of Innovation at Kora, expressed excitement about how Kovo will lower barriers for small businesses, enabling them to access modern financial tools. Kora’s CEO, Dickson Nsofor, further articulated the firm's "AI-first approach," underscoring its commitment to integrating AI into every aspect of its operations while expanding its reach beyond Africa.
The Future of AI and Digital Transformation in Africa
The Sundown Sessions made it clear that while challenges exist in adopting AI, the opportunities outweigh them. As noted by Nsofor, “Progress happens when technology meets people.” The interplay between AI, fintech, and broader digital transformation will undoubtedly shape the future of work in Africa, fostering innovation and economic growth.
These discussions at the Kora Sundown Sessions remind us that African startups can thrive in a rapidly changing environment. By engaging with AI technologies responsibly, businesses can build a future where technology enhances creativity and drives positive social impact. With every session, the narrative around Africa's digital future strengthens, paving the way for a technologically empowered continent.
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