Latest news with #AfrikFoundation
Zawya
26-05-2025
- Business
- Zawya
Afrik tests world-first voting platform to decide Africa's green future
Invites users worldwide to participate in economic development through transparent, token-powered voting UAE: The Afrik Foundation officially begins the global test phase of its groundbreaking digital platform, Afrik. Designed to revolutionize infrastructure financing, Afrik empowers individuals worldwide to participate in funding renewable energy and technological projects across Africa through a transparent, token-based voting system. Afrik is the world's first blockchain-based platform designed to give users a vote in how funds are allocated to green and AI projects across the African continent. Through Afrik, users can vote in real-world projects such as solar energy hubs, agri-tech pilots, and AI data centres. Afrik reimagines how capital flows into Africa, placing decision-making power in the hands of everyday people. Jean-Marc Bourreau, co-founder of Afrik said: 'We believe the next wave of African infrastructure should be designed and decided by African communities themselves. Africa needs alternative financial models that complement traditional institutions to accelerate AI and green energy investment. This test phase is about listening, learning and building the platform in collaboration with the people it's designed to serve.' How the Platform Works Until June 25, 2025, registered users can access the Afrik platform to explore its community-driven voting system, enabling them to vote on a selection of renewable energy and technology projects. Each participant receives a free test token. The voting is proximity-based designed to reflect Afrik's core governance model and ensures that those most affected by the projects have a greater say in their development: Each token equates to one vote globally. Users located within 10 kilometers of a project receive three votes per token. Users within 10 to 50 kilometers receive two votes per token. Participants can track results live and are encouraged to share feedback to help improve the platform through a survey before full launch. Global Participation Encouraged Afrik's inclusive model invites participation from individuals worldwide, not just those residing in Africa. Anyone interested in supporting Africa's sustainable development can register and participate in the test phase. James Saruchera, Afrik co-founder, said: 'We're inviting users to test our platform and help shape a model where Africans can fund African solutions that matter to them. This is a step towards a more equitable and participatory approach to development.' Launching globally later this year, Afrik is a digital asset platform with a pan-African mission: to accelerate Africa's digital and green energy revolution. By enabling community and diaspora voices to engage directly with high-profile infrastructure plans, Afrik aims to transform how development is funded on the continent, shifting power from traditional gatekeepers to the people. To register, please visit About Afrik Afrik is a decentralized digital platform designed to unlock Africa's economic potential by funding AI, renewable energy, and digital infrastructure through borderless, transparent, and decentralized financing. Developed by leading African economists, technologists, and creatives, Afrik aims to drive self-sufficiency, sustainable wealth creation, and financial inclusion. Official website: Afrik Platform: LinkedIn: X: Telegram: For media queries, please contact: Jola Chudy | jola@ Sheila Tobias | sheila@
Zawya
29-04-2025
- Business
- Zawya
Afrik: A new economic tool empowering direct action on Africa's future
Dubai: In response to shifting global economic tides and the uncertain future of long-standing trade frameworks like the African Growth and Opportunity Act (AGOA), the Afrik Foundation has announced the upcoming launch of Afrik, a groundbreaking platform designed to enable individuals across the globe to actively participate in Africa's economic journey. AGOA, a U.S. trade programme enacted in 2000, offers eligible sub-Saharan African countries duty-free access to the U.S. market for thousands of products. While it has fostered trade and reform, its future remains uncertain as it nears its 2025 expiration. As U.S. tariff policies evolve and questions mount over AGOA's extension, Afrik emerges as a timely response. The platform offers a direct and transparent way for people to support Africa's growth - by funding renewable energy and AI development projects that are designed and led by Africans themselves. "AGOA was a lifeline for African exports, but Africa cannot afford to wait on external trade benefits. The future must be built from within. This is why we are launching a practical economic tool that empowers action over observation,' said James Saruchera, co-founder of Afrik. With previous financial models failing to meet the scale of the private sector's needs, Afrik introduces a decentralized alternative that reduces reliance on volatile currencies and external debt. The platform backs projects in clean energy and AI that reflect Africa's own priorities, and enables broader participation from the global community. 'Africa's strength lies in its resources - both natural and human - but its potential has long been obstructed by systems that do not serve it. Afrik is here to help change that. It offers people a way to support Africa's development directly, securely, and equitably,' said Jean-Marc Bourreau, economist and co-founder. In the Middle East, where economic diversification and stronger ties with the Global South are key regional goals, Afrik provides a meaningful channel for engagement. By linking contributors with green and tech-based initiatives, Afrik encourages inclusive economic participation and regional collaboration, helping to advance Africa's transformation from within. Afrik invites the world to move beyond aid-driven models and support a development pathway where African-led solutions are funded by those who believe in their potential. About Afrik Afrik is a decentralized digital platform designed to unlock Africa's economic potential by funding AI, renewable energy, and digital infrastructure through borderless, transparent, and decentralized financing. Developed by leading African economists, technologists, and creatives, Afrik aims to drive self-sufficiency, sustainable wealth creation, and financial inclusion.
