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AI-Driven Market Growth: A Case of African SMEs

AI-Driven Market Growth: A Case of African SMEs
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Author(s): Nigel Chiweshe (University of KwaZulu-Natal, South Africa)
Copyright: 2025
Pages: 16
Source title: AI Strategies for Social Entrepreneurship and Sustainable Economic Development
Source Author(s)/Editor(s): Poshan Yu (Soochow University, China & European Business Institute, Luxembourg & Australian Studies Centre, Shanghai University, China), Steve K.M. Wong (Big Data Ideal Lab, China & Belt and Road Blockchain Association, China)and Akhilesh Chandra Prabhakar (University of Technology, Papua New Guinea)
DOI: 10.4018/979-8-3693-6392-8.ch016

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Abstract

Entrepreneurship is widely regarded as a crucial driver of economic development and poverty reduction in Africa. The Agenda 2063, adopted by the African Union in 201,3 provides a framework for the socio-economic transformation of Africa. The framework acknowledges that through this transformation, poverty can be eradicated. This chapter premised on published data on artificial intelligences' (AI) impact on business operations and examined through the lens of the resource-based view theoretical framework offers insights into how AI can enhance the performance of African SMEs and ultimately aid the realisation of agenda 2063.

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