A consortium of international banks has agreed to collaborate with Papersoft Africa and iVIDIX on an open platform to offer access to innovative funding mechanisms to a million project carriers in Africa. The platform should first be launched in DR Congo and Somalia.

Via the Blockchain (a secure data storage and transmission technology) and cryptocurrency technologies, project carriers that had difficulties in accessing funding can have access to the funding necessary to develop their ideas wherever they are provided they have a connected device.

The promoters of this initiative expect to offer new possibilities for access to financial markets and services in view of the flexibility and security of blockchain technology. They also expect this to create hundreds of thousands of jobs.

"After four years of foundation setting and due diligence, we are excited to birth a unique, comprehensive and tangible mobile tech opportunity to financially empower and impact millions of young entrepreneurs throughout Africa… we are well poised to positively change the narrative around so-called "frontier" markets and the DNA of entrepreneurship in Africa", explained Serge Nawej (photo), the Congolese promoter of Papersoft Africa and carrier of this giant project.

African youth population should reach 750 million by 2030 and one billion by 2050. For the authors of this initiative, demographic growth in the continent and innovations around the digital economy offer a unique opportunity to exploit the entrepreneurship dynamic of that youth.
Idriss Linge