Africa Blockchain Center raises $7x figure seed investment to set up structures across 6 markets
The Africa Blockchain Center (The ABC), a Kenyan startup focused on building technology capacity and offering blockchain solutions to key sectors, raised a $7x figure investment from Next Chymia Consulting, an Asian based company that provides blockchain solutions, consultancy services and training to global entities.
Founded in September 2021, The Africa Blockchain Center’s mandate is to propel Africa into the adoption of 4IR (fourth industrial revolution) technologies by building capacity in blockchain programming and catalyzing industry readiness; offering solutions to enterprises seeking to explore the technology, and incubating blockchain startups.
This investment will help The ABC set up structures across 6 markets in Africa including Kenya, Tanzania, Zambia, Nigeria, Uganda and South Africa and build a community of blockchain stakeholders for knowledge sharing and best practice guidelines.
Irene Kiwia, Founder, Africa Blockchain Center: “we understand the potential that blockchain has in solving some of the challenges that are facing Africa and we believe that we can use our disruptive nature as a continent to create value for ourselves through the adoption of the technology. However, there is a massive capacity gap that we must fill to accelerate this. We aim to train 10,000 blockchain programmers, 5000 business leaders and executives on blockchain readiness, incubate 50 blockchain startups and launch robust solutions for the market in the next 2 years.The African continent has a massive untapped appetite to understand, learn and experiment with decentralized technologies. This, coupled with the opportunities that the market presents in applying blockchain technology in key sectors like finance, agriculture, health and general governance makes the center a timely intervention.”
The ABC aims to demystify blockchain technology and create platforms where the industry can learn, run research programs (R&D), launch blockchain solutions and access blockchain as a service for various applications across industries and sectors. The ABC is an Adanian Labs startup, the Pan African smart technologies venture studio with a mission to build, nurture and scale 300 impact driven tech startups across Africa.
John Kamara, CEO, Adanian Labs: “We are extremely proud to see such progress with our startups. We pride ourselves in providing the right environment, tools and resources to support startups and help them build scalable solutions. The ABC is very timely as Africa is exploring the potential for smart technologies in support of its 4IR efforts. Adanian Labs will continue to work with the Africa Blockchain Center and support its roll out across the continent.”
The female economy is at the center of The ABC’s mission. The ABC will have a special gender lens to ensure that women are an integral part of this transformation.
Kenji Sasaki, CEO, Next Chymia Consulting: “We are delighted to support and partner with The ABC, their model is groundbreaking on how they want to scale blockchain technology in Africa, and we have confidence in the team. We are aligned in vision as well as our commitment to building blockchain capacity and providing blockchain solutions to key industries. We want to champion good governance for blockchain and we see the appetite and gap in Africa where this cutting-edge technology can solve some of the inequality issues that will catapult the economic growth of the continent.”
Driven by the desire to train African Blockchain engineers to solve African problems, the center aspire to create a space for collaboration where multi-industry stakeholders from development partners, civil societies, entrepreneurs, academia, government, private sectors, and all industry sector players can harness the common good of decentralized technologies in enhancing health, agriculture, education, good governance, financial independence and general economic growth.