
Thursday 3rd April 2025
Por inAfrika Reporter
KIGALI, Rwanda – Afrik, a cutting-edge economic development platform designed to accelerate Africa’s Fourth Industrial Revolution (4IR), is set to participate in the prestigious Global AI Summit in Rwanda. This exclusive event, hosted by Rwandan President H.E Paul Kagame and the Centre for the Fourth Industrial Revolution (C4IR), will bring together top leaders, policymakers, innovators, and stakeholders to discuss AI’s transformative role in Africa’s economic and technological evolution.
Afrik is a groundbreaking decentralized financial and governance platform designed to reshape Africa’s economic landscape by facilitating the financing of AI and green energy projects. By leveraging blockchain and AI, Afrik provides a transparent and efficient funding mechanism, allowing access to capital from a diverse range of financial actors, including institutional investors and individuals. Through a globally tradable digital asset, the platform introduces a new financial model where African development is driven by African resources and innovation.
James Saruchera, co-founder of Afrik, highlighted the continent’s potential in leading global sustainability: “Africa holds 30% of the world’s mineral resources, vast renewable energy potential, and a young, dynamic workforce. The outdated extractive economic model no longer serves our future. Afrik is unlocking capital to accelerate green innovation and energy projects, giving African nationals financial leverage in global markets. By ensuring greater transparency, governance, and security in investments, we are fostering long-term prosperity.”
The Global AI Summit in Africa aims to explore AI’s potential in driving sustainable growth, digital transformation, and innovation. Saruchera emphasized the summit’s significance in shaping Africa’s digital future: “This summit underscores the urgency for Africa to take ownership of its technological and economic destiny. AI, blockchain, and decentralized finance are the pillars of the continent’s next growth phase. Afrik integrates these technologies to empower communities and governments to finance development on their own terms.”
Jean-Marc Bourreau, economist and Afrik co-founder, further elaborated: “Afrik introduces a globally tradable digital asset with innovative features such as smart contracts, enabling African economies to channel more resources into the private sector and key 4IR industries. Our goal is to boost productivity and close the development gap with the world’s most advanced economies. Afrik is about developing Africa at the speed of AI.”
Ahead of its official launch, Afrik has already gained endorsements from high-profile entrepreneurs and economists. Arlinda Peixoto, Founder and CEO of fintech leader Pagali, expressed her support: “Afrik aligns with Africa’s urgent need for self-reliance and economic independence. By leveraging digital transformation, it disrupts outdated financial structures and positions Africa to thrive in AI-driven economies. Its emphasis on inclusivity and grassroots engagement ensures a development model that reflects Africa’s aspirations rather than imposed external solutions.”
Patrick Sergant, a prominent lawyer based in Dakar, praised Afrik as “the most innovative instrument for financing Africa’s development.”
Saruchera concluded: “Africa has the potential to lead AI and digital infrastructure, but we must control the economic frameworks that drive these sectors. Afrik offers a borderless financial model that empowers African innovation with African capital. This marks a pivotal shift towards financial sovereignty and equitable access to resources. The insights gained from the Global AI Summit will further refine Afrik’s mission as we prepare to introduce this transformative funding platform to the market.”