Despite the distance still required for true ‘mass’ adoption of cryptocurrencies, there is evidence that adoption is picking up. Although some studies have pegged Bitcoin holders in the US at 5 percent of the population, there are other cryptocurrencies in use, and ones with more utilitarian value. According to a recent report from Bitwise, 76 percent of all financial advisors surveyed cited questions about cryptocurrencies from clients. Cryptocurrency is on the rise, and the international finance sector has taken note.

Amid an uncertain global financial backdrop with persistent stoking of US-China trade tensions, and the Iran quandary, Bitcoin’s case as…


Across the African continent, nations continue to grapple with a lack of financial infrastructure in the face of explosive birth rates. According to the Pew Research Center, Africa will lead the world in population growth by the end of the century. In response to this trend, national governments have become increasingly committed to financial inclusion initiatives in hopes of supporting future growth.

However, the path to economic maturity across Africa remains less-traveled, with blockchain set to play a crucial role. Even Jack Dorsey recognizes this role, as he tweeted that he will be spending three-to-six months in Africa, noting bitcoin’s…


The robust growth of intra-African trade is one of the primary drivers of advancing payment systems across the continent. However, the relationship between payment systems and intra-African business operates inversely. According to Hugo Smit, head of sub-Saharan Africa for SWIFT, “without a functioning payment system, the vision of increased intra-regional trade will not materialize. It’s a fundamental prerequisite.” This sentiment is precisely why many have begun to see the two synonymously.

According to the 2018 African Trade Report, South Africa, Namibia, and Nigeria were responsible for over 35% of intra-African trade in 2017. These findings remain in line with figures…


Why Lotteries Are A Better Bet for African Infrastructure Development

Infrastructure investment in Africa has taken different forms during the last century. The first half of the 20th century, saw investment driven by the needs of western imperialism, whereby mainly European powers forcefully controlled the resources on the continent for their own exploitation and benefit. Once decolonisation began during the middle of the last century, such investment began to morph into these former colonial powers offering direct aid packages to governments across the continent.

While this form of aid still features prominently in many national budgets, it slowly began to change in the 1980s as multinational corporations began offering investment…


One of the challenges of modern tech is equitable distribution of its benefits. The world’s biggest tech companies are often heavily white, heavily male, and primarily focused in a handful of cities globally. We have been promised for decades that tech will solve all of our problems — it will pull millions out of poverty, it will solve the energy crisis, it will bring disparate populations together, the list of promises is endless. A core tenet of the tech-will-save-us-all philosophy is that very smart people with fancy degrees, who are holed up in office towers in Silicon Valley or Shanghai…


The History of Sports Betting & Its Economic Potential in Africa

For thousands of years humans have been engaging in sports betting and lotteries. From ancient Roman sports betting on gladiator fights, to state-run lotteries in Ancient China, activities like these have been at the heart of our culture. While sports betting and lotteries have existed in Africa for thousands of years, coordinated governmental involvement has only occurred since the middle of the 20th century. The normalizing of sports betting and lotteries has the ability to not only transform the continental economy, but it also has the ability to increase peace amongst neighboring peoples and countries.

Origins of Sports Betting

In any sport, there are…


Although blockchain technology continues to garner considerable press, the majority of projects still originate in advanced tech economies. These projects typically aim to improve upon existing infrastructure or industries. Unlike developing economies, established countries have already completed the transition from analog to digital, and now embrace primarily digital platforms. As a result, existing applications may work perfectly well without the use of distributed ledger technology.

However, in developing jurisdictions, blockchain technology is poised to make a much more significant impact. In these emerging economies, paper ledgers are commonplace, and governments remain disorganized and at times corrupt. Under these conditions, blockchain…


The World’s Fastest Growing Market Is Set For Another Mobile Transformation

“A growing body of evidence backs our view that as Africa’s population doubles to two billion over the next several decades, its GDP will increase from $2 trillion today to $29 trillion in today’s money by 2050” — Charles Robinson, global chief economist for Renaissance Capital and lead author of ‘The Fastest Billion: The Story Behind Africa’s Economic Revolution.’

Mobile technology and its associated uses have already unleashed a technological revolution across Africa. Development of communication technologies have leapfrogged the traditional model seen in other countries over the 19th and 20th centuries — telegraph lines, to fixed-line telephones, and then…

Chris Cleverly

CEO of Kamari, Founder of Made In Africa Foundation

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store