logo
Hedera Africa Hackathon Launches with $1M Prize Pool to Accelerate Africa's Digital Future

Hedera Africa Hackathon Launches with $1M Prize Pool to Accelerate Africa's Digital Future

Biz Bahrain27-05-2025
The Hashgraph Association, a Swiss non-profit organisation driving global adoption of Hedera-powered solutions by funding innovation, training, certification, and venture building programs, in collaboration with Exponential Science Foundation, a not-for-profit foundation accelerating responsible tech adoption, via research, education, and innovation activities, today announces the launch of the Hedera Africa Hackathon 2025 to enable the next generation of Web developers and empower economic inclusion in Africa with a digital future for all.
This biggest Web3 Hackathon initiative combines online participation with onsite events in over 20 African cities, with a goal of attracting over 10,000 participants across more than 15 countries on the African continent. Developers, students, and entrepreneurs are invited to collaborate to build decentralized solutions on Hedera across industries such as Finance, Healthcare, Telecoms, Sustainability, Agriculture, and Manufacturing, while leveraging the convergence of other deep technologies such as AI, IoT, Robotics, and Quantum Computing, with a prize pool of more than $1 million on offer for the winning teams and projects.
With global participation officially open from August 1 to September 30, 2025, the hackathon tasks applicants to develop blockchain/distributed ledger technology (DLT)-based, scalable solutions tailored to the continent's most urgent challenges and needs. All solutions will be built on the Hedera network – the world's most energy-efficient and cost-effective DLT, which offers cost predictability, the highest levels of security, and the ability to support reliable, scalable, and enterprise-grade applications.
Already having secured the backing and participation of more than 50 global and regional partners to be announced over the next few weeks, as well as over 100 universities and tech hubs, the hackathon is designed to be the largest of its kind on the African continent. The event will offer extensive technical education, certification, and hands-on support from Hedera-Certified engineers, with hacking stations to be established in cities such as Lagos, Cairo, Nairobi, Kinshasa, Cape Town, Casablanca, and Tunis for in-person collaboration, alongside a fully virtual Hackathon track accessible worldwide.
'Africa is home to one of the youngest, most enthusiastic and dynamic tech communities in the world; its future will depend on digitization,' said Kamal Youssefi, President of The Hashgraph Association. 'By equipping developers and entrepreneurs with Web3 skills and next generation toolkits, we're not just solving today's problems, we're shaping the future of decentralized innovation in one of the world's most significant growth markets, fostering a digital future for all through financial, identity, and communication inclusion.'
The hackathon aims to catalyze continuous innovation across four key tracks: On-Chain Finance and Real-World Asset (RWA) Tokenisation; ESG Sustainability and Traceability; Self-Sovereign Identity (SSI) and AI; and Gaming, Metaverse, & NFTs.
Developers of all skill levels and backgrounds are encouraged to participate — no prior blockchain experience is required. Extensive training resources will be provided through the Hedera Academy, with access to a thriving developer community.
The Hashgraph Association and the Exponential Science Foundation will be carrying out awareness and training campaigns to prepare participants for the hackathon before the official start date on August 1st 2025.
'Initiatives such as the Hedera Africa Hackathon encourage the next generation of tech builders, researchers, and entrepreneurs. As well as driving blockchain education and innovation within a continent that is showing incredible growth potential. We encourage anyone with an interest in blockchain technology to sign up and start developing the next wave of practical solutions across multiple industries to gain valuable experience and a chance to claim the prize pool. Our hope is that participants will go on to launch their own ventures and share their learnings,' said Paolo Tasca, Co-Founder & Executive Chairman of Exponential Science Foundation.
The Hedera Africa Hackathon 2025 is operated and supported by a strong network of partners, under the experienced leadership of DAR Blockchain, a Tunisian-based Web3 Hub that has been operating in the Web3 industry since 2017. DAR Blockchain plays a significant role in magnifying the impact of this hackathon initiative across the continent and builds on THA's previous efforts to support blockchain innovation in Africa.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump signals tariffs on pharma, chips
Trump signals tariffs on pharma, chips

Daily Tribune

time3 days ago

  • Daily Tribune

Trump signals tariffs on pharma, chips

US President Donald Trump signaled Tuesday that fresh tariffs on imported pharmaceuticals and semiconductors could be unveiled as soon as the coming week, as he presses on in efforts to reshape global trade. Trump's latest comments, in an interview on CNBC, come days before a separate set of tariff hikes takes effect on dozens of economies later this week. The sweeping tariff plans have sparked a flurry of activity as governments seek to avert the worst of his threats -- with Switzerland's leaders heading to Washington on Tuesday in a last-minute push to avoid punitive duties. But he appears set to widen his trade war s further. The US president told CNBC that upcoming tariffs on imported pharmaceuticals could reach 250 percent, while adding that he plans for new duties on foreign semiconductors soon. "We'll be putting (an) initially small tariff on pharmaceuticals, but in one year, one-and-a-half years, maximum, it's going to go to 150 percent," Trump said. "And then it's going to go to 250 percent because we want pharmaceuticals made in our country." Trump also said that Washington will be announcing tariffs "within the next week or so." He added: "We're going to be announcing on semiconductors and chips." Concern for US economy Trump has taken aim at products from different countries with varying tariff rates after imposing a 10-percent levy on almost all trading partners in April -- with excluded products targeted by sector. While Swiss leaders are seeking to stave off a US tariff hike to 39 percent come Thursday -- which excludes sectors like pharma -- Trump's plans for a steep pharma levy will likely be a point of contention in any talks. Pharmaceuticals represented 60 percent of Swiss goods exports to the United States last year. Besides probing pharmaceuticals and chips imports, Trump has already imposed steep duties of 50 percent on imports of steel and aluminum, alongside lower levels on autos and parts. In the same CNBC interview, Trump said he expects to raise the US tariff on Indian imports "very substantially over the next 24 hours" due to the country's purchases of Russian oil. This is a key revenue source for Moscow's military offensive on Ukraine. His pressure on India comes after signaling fresh sanctions on Moscow if it did not make progress by Friday towards a peace deal with Kyiv, more than three years since Russia's invasion. Moscow is anticipating talks this week with the US leader's special envoy Steve Witkoff, and the Kremlin has criticized Trump's threat of raising tariffs.

Stocks rebound on US rate cut bets
Stocks rebound on US rate cut bets

Daily Tribune

time4 days ago

  • Daily Tribune

Stocks rebound on US rate cut bets

Most stock markets bounced on Monday on hopes of US interest rate cuts after weak jobs figures raised concerns about the world's top economy. The broad gains followed a Wall Street sell-off on Friday in reaction to the jobs data and news that dozens of countries would be hit with US tariffs ranging from 10 to 41%. The main New York indices were up more than 1% in midday trading. European indices mostly started the week on the front foot, with Paris and Frankfurt both ending the day up more than 1%. "Investors seem to be taking an optimistic view... betting on an increased likelihood of further monetary easing by the Fed after Friday's employment figures," said John Plassard, head of investment strategy at Cite Gestion Private Bank. CME's FedWatch tool has investors seeing an 87.5% of the Fed making a quarter-point cut in interest rates. Plassard noted, however, that "uncertainty reigns" as US President Donald Trump's tariffs are set to take effect on Thursday. Switzerland's stock market dropped around 2% at Monday's open, its first session as it returned from a holiday after a tough 39% US tariff rate was announced. The index pared most of its losses to end the day off just 0.15%, on hopes the Swiss government, which announced it would make an improved offer to Washington, could negotiate a reduction in the levy, which is steeper than that imposed on the European Union and Britain. London advanced, lifted by banking stocks after the sector was granted reprieve from the worst of feared compensation claims over controversial car loans dating back to 2007. Lloyds Banking Group jumped nine percent while Close Brothers, listed on the FTSE 250, soared more than 23%. Asian investors started the week mixed, with Hong Kong and Shanghai advancing while Tokyo fell. Stocks had struggled Friday as US jobs growth missed expectation in July, with revised data showing the weakest hiring since the Covid-19 pandemic -- fuelling concerns that Trump's tariffs are starting to bite. Trump responded to the data by firing the commissioner of labour statistics, accusing her of manipulating employment data for political reasons. Markets reacted more favourably on Monday, as the hiring slowdown boosted hopes of Fed rate cuts to support the economy. "Analysts are betting that rate-setters will prioritise recession avoidance over price controls," said Derren Nathan, head of equity research at Hargreaves Lansdown. Observers also noted that news of Federal Reserve governor Adriana Kugler stepping down six months early, which gives Trump a chance to increase his influence on the Fed as he pushes for lower rates. Kathleen Brooks, research director at trading platform XTB, said it was expected that Trump's choice to replace Kugler would be in line to later succeed Fed Chairman Jerome Powell when his term ends in May. "Whoever replaces Powell is likely to be a dove and is more likely to acquiesce to President Trump's demands to cut rates," she said. Elsewhere, oil prices fell more than 2% after a sharp output increase by eight OPEC+ countries, with markets anticipating abundant supply. However, they later cut their losses after Trump threatened to hike tariffs on Indian goods further over its purchases of Russian oil.

DRCongo, Rwanda outline deal on mining, economic cooperation: US
DRCongo, Rwanda outline deal on mining, economic cooperation: US

Daily Tribune

time5 days ago

  • Daily Tribune

DRCongo, Rwanda outline deal on mining, economic cooperation: US

The Democratic Republic of Congo (DRC) and Rwanda have reached an outline economic cooperation accord during their first talks since signing a peace deal, the United States announced. A peace agreement reached in June aimed to end decades of conflict in eastern Congo. It was overseen by Washington which has sought to increase its access to the region's vast mineral wealth. The 'economic integration framework' initialled on Friday is part of the peace accord, the US State Department said. It is designed, according to the peace deal, to introduce greater transparency into supply chains for critical minerals such as coltan and lithium and should be effective by the end of September. The State Department said the two countries had agreed to coordinate 'in areas including energy, infrastructure, mining, national park management and tourism, and public health', without giving further details. 'These milestones represent concrete progress in advancing security, economic cooperation, and the shared pursuit of peace and prosperity under the Peace Agreement,' Massad Boulos, President Donald Trump's senior advisor on Africa, posted on X. Eastern DRC, a region bordering Rwanda with abundant natural resources, saw a fresh surge of violence this year when the M23 armed group, backed by Rwandan troops, captured the key cities of Goma and Bukavu. After months of broken truces, the DRC and M23 signed a declaration of principle on June 19 reaffirming their commitment to a permanent ceasefire. Two days earlier, the Kinshasa government inked an agreement with US group Kobold Metals, which specialises in exploring for critical metals. DRC President Felix Tshisekedi said in April he had met US envoy Massad Boulos to discuss access to minerals. Coveted minerals The DRC is the world's leading producer of cobalt. It also has deposits of gold and other valuable minerals including coltan, a metallic ore that is vital in making phones and laptops, and lithium, which is essential for electric car batteries. On Thursday and Friday, representatives from the DRC and Rwanda, alongside observers from the United States, Qatar and the African Union, held their first meetings in Washington since signing the peace deal. The US said the economic framework and a meeting on Thursday of the countries' peace deal monitoring committee were a 'significant step', saying the African neighbours were 'taking meaningful actions to advance security and economic cooperation'. The peace deal has been welcomed by the African Union and the United Nations, even if analysts remain sceptical about the chances of long-term peace while militias still hold sway in much of eastern DRC. The UN says thousands have been killed in the recent unrest and hundreds of thousands displaced. Rwanda denies providing military support to the M23 but says its security has long been threatened by the presence in the region of the Democratic Forces for the Liberation of Rwanda (FDLR), established by ethnic Hutus linked to the massacres of Tutsis in the 1994 Rwandan genocide. Kinshasa and the M23 have given themselves until August 8 to start talks on a comprehensive peace accord, to be signed by August 17.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store