Work

Artificial intelligence in African economics: a systematic review of performance and ethical risks

Year: 2026

Type: review

Abstract: Objective This systematic review maps how AI and ML are employed within the economics and finance sectors of Sub-Saharan Africa. It identifies dominant research trends, key application areas, performance benchmarks for models, and the significant socio-economic implications of these technologies in the region. Method A systematic literature search following PRISMA guidelines was carried out across Scopus, Web of Science, and Google Scholar for publications from 2000 to 2025. The analysis is based on a final dataset of 103 scholarly articles. We adopt a PRISMA-AI extension that applies three specific filters: the Model Reproducibility Score (MRS), Local Data Ratio (LDR), and Ethical Disclosure Index (EDI). Results Research activity has surged since 2017, with deep-learning models becoming pivotal. Key applications include poverty mapping using satellite imagery, which explains more than 70% of wealth variation, and AI-driven credit scoring and fraud detection that achieve F1-scores above 0.80, thereby enhancing financial inclusion. The review highlights a shift from survey-based data to multi-modal data fusion, especially after 2017. East Africa—specifically Kenya and Rwanda—is identified as a primary AI research hub. Originality This review provides the first meta-performance comparison and leaderboard for AI models across principal economic tasks in Sub-Saharan Africa (SSA). It introduces a novel AI Readiness Index (ARI) for ranking country-level investment potential and proposes a structured ethical risk assessment framework, quantifying the prevalence of challenges such as algorithmic bias (68% of studies) and data sovereignty (42%). Journal of Economic Literature (JEL) classification codes: C55, O33, E27, G21, I32, O55

Source: Future Business Journal

DOI: 10.1186/s43093-026-00776-y

Authors: Emmanuel Osei-Dwomoh, Gabriel Osei Forkuo

Institution: Transylvania University of Brașov

Language: English

Topic: Ethics and Social Impacts of AI

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth, Reduced inequalities

Open Access status: diamond

Funder: Universitatea Transilvania din Brasov