UABA Blockchain Project For Social Good Receives Zambian Government Support
LUSAKA, ZAMBIA MAY 17 2022 - Blockchain adoption in Zambia achieved a major milestone as the United Africa Blockchain Association (UABA) Youth Empowerment Pilot Project received official backing from the government of Zambia.
The Ministry of Technical and Science (MOTS), in an official letter to UABA from Permanent Secretary Brilliant Habeenzu at MOTS, expressed support of the feasibility of using blockchain as one of the innovative ways for empowering under privileged communities and the youth in particular,
UABA is embarking on a youth empowerment pilot project in three of Lusaka’s townships. Recognizing the need for digital literacy, skills development preparations for the 4th Industrial Revolution, and poverty alleviation. The Science and Technology Ministry earlier in February partnered with UABA on this social endeavor.
The youth empowerment pilot project intends to create sustainable local communities through incentive based crypto opportunities that will enable communities to earn and spend cryptocurrencies for basic human needs, as well as test the feasibility of implementing Blockchain in the Zambia Public sector. Kalingalinga, Chainda, and Mutendere have been earmarked for the project. The commencement of the project is yet to be announced.
In related news, UABA on 5 May, UABA Zambia appointed a new board. The new is made up of champions from various industries and reflects the fintech, entrepreneur and venture capital direction that UABA intends to take in Zambia. It is composed of individuals from the bank sector, payments sector, and start-up accelerators.