Nigeria’s fintech startup Nearpays has become the first African company to win the grand finale of the AI for Good Innovation Factory, defeating more than 500 startups from around the world in a milestone that signals Africa’s growing influence in building practical artificial intelligence solutions.
The victory came at the United Nations’ AI for Good Global Summit in Geneva, where Nearpays emerged as the overall winner after advancing from the African regional finals in Johannesburg to the global semi-finals and grand finale. The competition, organised by the International Telecommunication Union (ITU) alongside other UN agencies, brings together governments, researchers, startups and technology companies developing AI solutions for global social and economic challenges.
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Beyond the trophy, the achievement marks the first time an African startup has claimed the competition’s highest honour, highlighting a shift in how African technology
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