Tag: Blockchain
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.
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.
Africa’s place in 4th Industrial Revolution continues to receive a lot of media attention, ranging from stories about the Zipline drones delivery of blood in Rwanda, to Makerere University’s Artificial Intelligence Lab, and the recent ground breaking 3D printed ear surgery in South Africa, among others. Alongside the traditional media, the international respected research journals like Nature have similarly begun to take interest and cover the use of emerging technologies in Africa.
This week in particular, CNN covered the new Artificial Intelligence Lab which Google has opened in Ghana. This is a great step in advancing the work of AI on the continent, and in particular to the locally contextual African problems of agriculture, health and education, among others. This was precisely what President Museveni argued at the blockchain conference in Kampala last year; he argued that the new technologies of the 4th Industrial Revolution must be harnessed in order to solve the practical problems in Africa.
As we continue with our preparations this week, we are delighted that through the conference, we can make a contribution to shaping Africa’s place in the 4th Industrial Revolution. At this year’s conference on 3rd and 4th of July, Artificial Intelligence will be a cornerstone, representatives from Google will be in attendance, representatives from Nature will be in attendance, along with leaders globally in government, business, young entrepreneurs, innovators and many more.
Register today and join us, as we welcome the world to Ugnda in July, to explore the great opportunity for Africa in the 4th Industrial Revolution