What’s Going On?
Kenya is rebranding itself as Silicon Savannah and leading the way in an East African push to corner the crypto and blockchain market.
Why Does It Matter?
Kenya has established a dedicated team to explore opportunities in artificial intelligence and blockchain. Team chairman Bitange Ndemo told the BBC: ”We missed the internet wave, caught up with mobile technology… blockchain is the next wave – and we must be part of it.”
Kenya’s Information Minister Joseph Mucheru said: ”We already have people who are writing software for autonomous drones and experimenting with artificial intelligence and that number will only grow. We want to be the freelancing headquarters of the world.”
What’s The Plan?
Thousands of skilled job opportunities will be created on completion of Kenya’s $5bn Konza City, a technology hub due to be built on 5,000 acres of land and designed to be the nation’s centre of innovation to attract leading technology companies. The development is part of the country’s Vision 2030 plan.
Kenya isn’t the only East African nation to make significant investments in blockchain – Ethiopia has partnered with China-based blockchain company Input Output Hong Kong to develop applications to track shipments of coffee and other agricultural products, said The Reporter Ethiopia.
Getahun Mekuria, Ethiopia Minister of Science and Technology explained the new research will focus on the Cardano blockchain platform, reported CoinDesk.