EMURGO Africa has announced a significant investment of USD 250,000 in Changeblock. This strategic move underscores EMURGO Africa’s commitment to driving innovation and progress in the blockchain space within the region.
EMURGO Africa, the Africa and Middle East-focused venture arm of EMURGO is the official commercial arm and a founding entity of the Cardano blockchain. EMURGO Africa invests and partners with Africa-focused enterprises, startups, and accelerators to foster the development of socially impactful solutions on Cardano’s third-generation and environmentally-sustainable blockchain.
Changeblock, a pioneering carbon market technology company, aims to reshape the landscape of carbon trading by harnessing the capabilities of blockchain technology. Its data-to-credit technology enables easier financing and faster outcomes for project developers and is paired with Changeblock’s Exchange, a marketplace that allows users to buy, sell, and retire high-integrity environmental credits. With EMURGO Africa’s investment, the partnership seeks to foster sustainable development and environmental responsibility while ushering in transformative change within the carbon market.
Ahmed M. Amer, CEO of EMURGO Africa and Executive Director of EMURGO MEA, expressed the rationale behind the investment, stating, “Our investment in ChangeBlock is in line with our commitment to foster the development of climate change reversal technologies and impactful solutions on Cardano’s third-generation and environmentally-sustainable blockchain.”
This strategic collaboration between EMURGO Africa and Changeblock envisions bringing together global regulators, business leaders, and changemakers to strengthen their dedication to a global net-zero strategy that is both economically viable and monetizable. The investment is a testament to the shared mission of driving positive environmental change while simultaneously advancing blockchain technology.
Billy Richards, CEO of Changeblock, highlighted the joint goal of creating a transparent and efficient market that incentivizes sustainable practices and attracts investments with a climate focus. “Our shared vision with EMURGO Africa is to turn sustainable action into a valuable, tradeable asset for Africa,” Richards said.
The strategic alliance extends beyond the financial investment. EMURGO Africa aims to contribute to the growth of Changeblock’s innovative solutions and bolster their standing in the carbon market technology sector. This investment aligns seamlessly with EMURGO Africa’s overarching vision of propelling blockchain adoption and promoting economic growth and social advancement throughout Africa and the Middle East.
EMURGO Africa’s investment in Changeblock serves as a beacon of the transformational potential that blockchain technology holds in fostering positive change across various industries. By combining the innovative prowess of blockchain with the mission of sustainable development, this partnership paves the way for a future where environmental responsibility and technological advancement go hand in hand.
As EMURGO Africa continues to lead the charge in driving blockchain innovation across the African and Middle Eastern regions, their investment in Changeblock exemplifies their dedication to creating a more sustainable and technologically empowered future.
