EMURGO Africa, the branch of EMURGO focused on Africa and the Middle East, known for its involvement with the Cardano blockchain, has made a significant investment of $250,000 in Changeblock. This move reflects EMURGO Africa’s unwavering dedication to championing inventive blockchain-driven initiatives within the region.
Changeblock, an avant-garde company specializing in carbon market technology, aspires to reshape the carbon trading arena by harnessing the capabilities of blockchain. Through this investment, EMURGO Africa is aiming to stimulate sustainable development and environmental consciousness while triggering a transformative shift in the carbon market landscape.
Ahmed M. Amer, the CEO of EMURGO Africa and Executive Director of EMURGO MEA, emphasized the rationale behind their support for Changeblock, stating, “Our investment in Changeblock aligns seamlessly with our commitment to nurturing technologies that combat climate change and yield meaningful impacts on Cardano’s third-generation blockchain, one that’s dedicated to environmental sustainability.”
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Amer went on to say, “In collaboration with Changeblock, we aspire to rally global regulators, business leaders, and catalysts of change, encouraging a resolute dedication to a worldwide strategy for achieving net zero emissions — one that’s not only feasible economically but also monetarily beneficial.”
Changeblock’s CEO, Billy Richards, shared their shared vision with EMURGO Africa: “Our mutual goal is to translate sustainable practices into valuable, tradable assets for the African continent. By harnessing the capabilities of blockchain, we’re crafting a transparent and streamlined marketplace that incentivizes eco-friendly behaviors and entices investments with a climate focus.”
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The strategic partnership forged between EMURGO Africa and Changeblock aims to invigorate the growth of Changeblock’s innovative solutions and bolster its presence within the carbon market technology sphere. This investment harmonizes with EMURGO Africa’s broader vision of propelling blockchain adoption, stimulating economic advancement, and fostering societal progress throughout Africa and the Middle East.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard