A Nigerian entrepreneur and Chief Executive Officer of Elin Group, Elizabeth Jack-Rich, has argued that the global conversation around artificial intelligence (AI) is overlooking the critical role of physical infrastructure and resource supply chains, particularly in Africa.

Speaking at the UNLEASH Global Business Conference 2026 in Washington, DC, Jack-Rich said AI should not be viewed primarily as a software-driven revolution, but as one rooted in energy, industrial capacity and raw materials.

The UNLEASH Global Business Conference, themed “Building for What’s Next,” brought together business leaders, students and policymakers to discuss innovation, sustainability and leadership in a rapidly changing global economy.

“Everyone talks about AI as a software story, but it is not. It is a physics story — in power, infrastructure and the systems required to extract and refine critical resources,” she said.

According to her, Africa’s contribution to the emerging AI economy is often underestimated, not only in terms of mineral resources but also in the continent’s potential to build integrated industrial capacity.

She noted that the next phase of global competition would favour operators capable of linking multiple sectors, including mining, logistics, aviation and power, while also attracting international capital.

Jack-Rich added that her company’s strategy is aligned with this outlook, focusing on building operational capacity rather than relying on sentiment-driven investment narratives about Africa

“What is underestimated is not that Africa holds a major deposit or is a major supplier of these minerals, but what is underestimated is the fact that the next decade rewards operators on the continent.
Operators that can integrate across stock from mining, to aviation, logistics, power, and to be able to engage with global capital on equal terms.

“And that is the bet I am making with ELIN Group. Not investing in Africa as a sentiment because we’re beyond an aid project, but building an operating platform that the AI economy depends on, which is the African economy.”

Her comments come amid growing global demand for critical minerals and energy infrastructure required to support AI systems, data centres and digital technologies.

Jack-Rich participated as a key panelist in a high-level Fireside Chat titled “Leadership in the Age of Disruption: Identity, Power, & Impact.” The session brought together accomplished women leaders to discuss how identity, power dynamics, and purposeful leadership intersect in today’s rapidly changing global business environment.

Joining her on the panel were Denise Fall, Senior Leader in Immunology at Johnson and Johnson, and Tolani Alli, Creative Campaign Director at the World Bank.