The Africa Blockchain Centre (The ABC), a Kenyan startup that’s focused on building technology capacity and offering blockchain solutions to key sectors has today announced it has raised a $7X figure investment form Next Chymia Consulting HK Limited. This is an Asian based company that provides blockchain solutions, consultancy services and training to global entities.
The ABC, founded in September 2021 under the Adanian Labs – a Pan African smart technologies venture studio with a mission to build 300 impact driven startups across Africa – seeks to build blockchain potential across Africa. The startup has said it will use the funding to help set itself up in 6 African countries including Kenya, Tanzania, Zambia, Nigeria, Uganda, and South Africa.
The Founder of The Africa Blockchain Centre Irene Kiwia said “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 Africa Blockchain Centre says it 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 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.” Further stated Kiwia.
The CEO of Adanian Labs John Kamara said “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 Africa Blockchain Centre 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 Africa Blockchain Centre’s mission. The Africa Blockchain Centre will have a special gender lens to ensure that women are an integral part of this transformation.
The CEO of Next Chymia Consulting HK Limited Kenji Sasaki said “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.