Emurgo Africa is due to release the report that stakes in Blockchain technology in the continent have risen by a huge 1668 percent from 2021 to 2022.

This report, scheduled for release on the 23rd of this month in Nairobi Kenya, and financed by blockchain technology, will be the foremost, detailed state of Web 3:0 report in Africa.

Blockchain Technology says the proposed statement will not only detail the speedy growth of Web 3.0 technological space in the continent but also furnish a comprehensive audit of the effect of the technology, possible areas of more growth, the risks, and how to mitigate them to establish improvement and quantifiable rewards.

Emurgo Africa in its statement said, “Key findings from the report include the immense opportunities for the African continent through the adoption of Web 3.0 technologies, a 1,668 percent increase in investment in blockchain technology in Africa between 2021 and 2022, and the crucial importance of collaboration between industry stakeholders, policymakers, and regulators in fostering an environment conducive to the growth of Web 3.0 technologies,”.

This report is also aimed at bridging the space in Web 3.0 technologies by inspecting the abilities of these technologies in improving the fiscal and communal growth in Africa, showcasing a clearer perspective of the present and upcoming technological space in Africa, promoting actual accounts, pros and cons associated with their findings.

The report will also investigate many areas of Web 3.0, like blockchain technology, decentralized finance (DeFi), digital identity, smart contracts, and input to specific nation’s technology, picking regions to help establishments that will boost the advancement and integration of Web 3.0 technologies.

Ahmer Amer the CEO of the blockchain company, praised the technology, web 3.0 in its extraordinary ability to improve the evolution of the continent.

He quoted that “The future of Web 3.0 technologies in Africa is bright, with the potential to drive unprecedented social, financial, and economic development across the continent. This report emphasizes the critical importance of collaboration between stakeholders, policymakers, and regulators in fully realizing the transformative power of Web 3.0 technologies in Africa,”.

He concluded by also saying that “Web 3.0 technologies are experiencing exponential growth and expansion in Africa, with the potential to bring transformative change to various industries such as trade and industry, financial services and lending, supply chain management and logistics and healthcare provision and accessibility. Factors such as regulatory clarity, infrastructure development, and collaboration between stakeholders will play a significant role in the widespread use and successful implementation of these technologies.”


Olatoyosi Esuola loves art, poetry, and spoken words. He is a big fan of jazz music and movies, which is why he see everyone as actors here on earth getting their takes. He has been writing poetry and articles for over a decade and has published a book of poems.

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