Tag: Blockchain Association of Uganda

The Uganda Free Zones Authority has issued Blockchain Technologies Ltd. a developer’s license to establish a free zone, the first of its kind in Africa, that will focus on Blockchain and emerging technologies.

The free zone will attract and host global companies in the digital market space, creating an environment where digital innovations can be set up, tested and commercialized with incentives and a supportive regulatory framework.

When fully operational, the free zone will have many benefits to Uganda, including increased Foreign Direct Investment, a more vibrant innovation ecosystem and increased job creation. This is in alignment with the government’s commitment to promote ICT and innovation as a cornerstone for national development, as articulated in Uganda’s Vision 2040.

Uganda is the first country in Africa to issue this kind of license, and the free zone will position the nation as a continental leader in blockchain technology and the Fourth Industrial Revolution. At the license ceremony, the acting Executive Director of Freezones Authority commended Blockchain Technologies Ltd, and its parent company CryptoSavannah, for being forward thinking. The free zone will have several incentives that will attract foreign direct investment, and provide an opportunity for young innovators to generate interest and investment in their ideas and products.

CryptoSavannah is proud to be part of this momentous occasion and looks forward to working with Uganda Free Zones Authority for the successful operationalization of the free zone.

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The Uganda Free Zones Authority has issued Blockchain Technologies Ltd. a developer’s license to establish a free zone, the first of its kind in Africa, that will focus on Blockchain and emerging technologies.

The free zone will attract and host global companies in the digital market space, creating an environment where digital innovations can be set up, tested and commercialized with incentives and a supportive regulatory framework.

When fully operational, the free zone will have many benefits to Uganda, including increased Foreign Direct Investment, a more vibrant innovation ecosystem and increased job creation. This is in alignment with the government’s commitment to promote ICT and innovation as a cornerstone for national development, as articulated in Uganda’s Vision 2040.

Uganda is the first country in Africa to issue this kind of license, and the free zone will position the nation as a continental leader in blockchain technology and the Fourth Industrial Revolution. At the license ceremony, the acting Executive Director of Freezones Authority commended Blockchain Technologies Ltd, and its parent company CryptoSavannah, for being forward thinking. The free zone will have several incentives that will attract foreign direct investment, and provide an opportunity for young innovators to generate interest and investment in their ideas and products.

CryptoSavannah is proud to be part of this momentous occasion and looks forward to working with Uganda Free Zones Authority for the successful operationalization of the free zone.

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The last 2 weeks have been both exciting and intense as our organizing team enters the last lap of preparations. These 2 weeks have had several milestones of progress including: (i) A press conference with some of our key partners, Ministry of ICT and Stanbic Bank, (ii) The signing of an MoU with APRM, and (iii) A reflection and review of our conference exactly a year ago, which was held on 23rd and 24th May 2018, and which we celebrate today a year later.

In this week’s update, we will highlight the signing of the MoU with APRM, an important partnership for the Africa Blockchain Conference.

APRM is a specialized agency created by African Heads of State to review each other as a way of strengthening governance. APRM and CryptoSavannah on May 23rd signed an MoU to promote innovation and the 4th Industrial Revolution in Africa, and among the areas of collaboration will include The Africa 4.0 Initiative, and the Africa Blockchain Conference, among others.

APRM considers innovation as a key factor in supporting the work of good governance, transparency and accountability. At the signing, APRM which was represented by the CEO, Prof. Eddy Maloka, said he was keen to work with progressive initiatives and innovation that could support the work of good governance. CryptoSavannah which was represented by Mr. Kwame Rugunda and Mr. Edmond Macheli, thanked APRM for their support and applauded their commitment to use modern technology to enhance good governance in Africa. CryptoSavannah and APRM also discussed the upcoming Africa Blockchain Conference in Uganda in July, where APRM will participate in one of the key session focused on innovation and good governance in Africa.

To participate in the session on innovation and good governance in Africa, as well as the other sessions, get your ticket today, and join us at the Africa Blockchain Conference 2019, as we prepare Africa for the 4th Industrial Revolution. 

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We are excited this week to launch our preparations for the Africa Blockchain Conference 2019. The next 12 weeks will be an exciting journey, and through these weekly email letters, we will keep you abreast of every step of that journey.

When we began preparing for last year’s Africa Blockchain Conference, few expected the type of impact that it would have, among which few included ourselves as the organizing team. The conference in 2018 hosted 800 people from 32 countries, comprising global industry and policy leaders, the President of Uganda, the 6th President of Mauritius, the Governor or the Central Bank, the CEO of Binance the largest crypto exchange in the world, the Chair of the Bankers Association and many others. More importantly however were the partnerships that were signed, the investment opportunities and jobs that were created, and the decisions taken that have since informed national policy.

As we embark on the 12 week journey ahead of us, we know the potential impact of the next Africa Blockchain Conference, and have hence begun diligently working towards the conference whose theme this year “Africa 4.0” will focus on “Preparing Africa for the 4th Industrial Revolution.” If you are unfamiliar with the 4th Industrial Revolution, or the terms 4IR or Industry 4.0, then this conference is for you; if you are however already familiar with 4IR, then this conference is also for you, in other words, this conference is for all of us. The 4th Industrial Revolution is already upon us, and rather than waiting to be impacted by it, we must consciously engage and prepare our selves, our systems, our nations, and our posterity for this inevitability on the horizon.

As we today launch our preparations, we invite you to visit and register on our website www.africa4ir.com which will continue to update over the next 12 weeks. Our team remains committed to attend to any queries and suggestions for improvement, and we look forward to experiencing this journey together.

Welcome to the Africa Blockchain Conference 2019 !

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Binance , currently the largest cryptocurrency exchange per 24-hour volume of trade, announced a partnership with Crypto Savannah Ltd in Uganda, which seeks to support the country’s economic transformation.

The initiative aims to open thousands of jobs in Africa, and move investors to Uganda, according to Binance CEO, Changpeng Zhao

Binance will partner with Crypto Savannah Ltd, Aggie Konde and Helen Haiyu, to support Uganda’s economic transformation and youth employment through Blockchain , embracing the fourth industrial revolution. We will do this by creating thousands of jobs and bringing investments to Uganda . ” CZ

Crypto Savannah is a Blockchain Innovation Centerin Africa, while Aggie Asiimwe Konde, is the CEO of Msingi, “ an organization that is building industries of the future in East Africa, ” and Helen Hai is the CEO of Made in Africa Initiative.

However, what caused the greatest focus of attention is the suggestion that Binance is possibly expanding throughout Africa. Zhao’s next tweet, in response to a user who praises this move, only curiously suggests:

Meetings will be held this week to discuss the initiative, according to Crypto Savannah’s Twitter account : “ Develop something that is easy for the masses to use; it’s not about creating complex functions , ”Zhao told developers. Followed by the comment of the Uganda Blockchain Association, which stated:

My advice to young people is to focus on providing solutions to people who improve their lives, and the money will come later . ”

Binance currently has publicly listed offices in Hong Kong and Japan, although they do not disclose addresses for security reasons. They also announced that they would expand to Malta very soon, since the country is ” very progressive in regards to crypto and fintech .”

Binance’s move to Africa was a boost for the continent in the world of cryptocurrencies, and a helping hand for countries struggling with different difficulties.

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