• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Economy Finance

Afrik Foundation unveils blockchain platform to revolutionize African infrastructure financing

Peculiar Adirika by Peculiar Adirika
May 26, 2025
in Finance
0 0
0
Africa blockchain infrastructure
thenacre-campaign

Afrik Foundation has launched a blockchain-based platform on Africa Day 2025, enabling community-driven financing for renewable energy and AI projects across the continent to bridge Africa’s vast infrastructure gap

[dropcap]I[/dropcap]n a significant stride towards decentralized development, the Afrik Foundation has launched a blockchain-based platform coinciding with Africa Day 2025 celebrations.

Also read: Cyberchain launches blockchain compliance training to strengthen Nigeria’s blockchain ecosystem

The initiative aims to fundamentally transform infrastructure financing across the continent by empowering communities to directly influence project funding.

The new platform is currently in a public test phase, running through June 25. Africans and global users are invited to participate by voting on proposed renewable energy and artificial intelligence projects via vote.afrik.info, marking a bold step towards community-driven development.

Africa faces an enormous infrastructure gap, with the African Development Bank estimating an annual need of $130 billion to $170 billion through 2025.

Perfect-Aesthetic-social-1

Traditional financing models, often reliant on foreign aid or centralized institutions, have proven insufficient to meet this demand, leaving many communities underserved.

Developed by a consortium of African economists, technologists, and creatives, Afrik positions itself as the world’s first blockchain-powered platform that enables everyday people to influence infrastructure funding through a transparent, decentralized system.

“The next wave of African infrastructure should be designed and decided by African communities,” stated Jean-Marc Bourreau, co-founder of Afrik.

Odun Ifa 2026
ADVERTISEMENT

“Africa needs alternative financial models that complement traditional institutions to accelerate AI and green energy investment.”

The next wave of African infrastructure should be designed and decided by African communities. Africa needs alternative financial models that complement traditional institutions to accelerate AI and green energy investment.

Bourreau explained that the test phase is designed to actively engage communities, gather feedback, and build the platform in collaborative partnership with its intended users.

Participants in this pilot phase receive free test tokens, each allowing them to vote on a range of projects including solar energy hubs, agri-tech pilots, and AI data centres.

The platform incorporates a proximity-based weighting algorithm, granting greater influence to users located closer to proposed project sites: users within a 10-kilometre radius receive three votes per token, while those within 10 to 50 kilometres get two votes. Live voting data and other functionalities are also available for testing.

The Afrik Foundation plans a full global launch of the platform later this year. Once fully operational, the platform is envisioned as a digital asset ecosystem designed to accelerate Africa’s transition to green energy and digital self-sufficiency.

adron lemon friday

The initiative also seeks to engage the African diaspora, offering them a participatory finance tool to support infrastructure development in their countries of origin.

“Afrik reimagines how capital flows into Africa by putting decision-making power in the hands of communities, not just governments or institutions,” a statement from the foundation read.

Also read: Tony Elumelu: Banking infrastructure key to Africa’s economic renaissance

By combining decentralized finance, AI, and sustainable development, the Afrik Foundation aims to offer a new model for African growth that is transparent, inclusive, and community-driven.

Peculiar Adirika
Peculiar Adirika

Peculiar Adirika is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.

Related Posts

SME Business Clinic Nigeria
Finance

Access Bank, Deloitte launch nationwide SME business clinic

by Peculiar Adirika
May 23, 2025
NNPC
Business

House committee issues tough summons over discos’ N100bn debt

by Peculiar Adirika
December 16, 2025
YouthCred
Economy

YouthCred launch by Credicorp signals financial hope for Nigerian youths

by Peculiar Adirika
August 27, 2025
Otedola
Finance

Otedola champions First Holdco’s comeback, aims for Africa’s top bank spot

by Peculiar Adirika
May 23, 2025
Sanwo-Olu MSME Finance
News

Lagos state governor Sanwo-Olu unveils landmark N10 billion MSME funding initiative with BOI

by Quadri Olaitan
May 8, 2025

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

FCCPC

FCCPC probes Nigeria’s rising cement prices

August 19, 2026
Dangote

Dangote Refinery secures $1bn IPO backing

August 19, 2026
NDLEA

NDLEA busts N39bn cocaine cartel, arrests luxury dealer

August 19, 2026
Oluremi

Oluremi Tinubu launches food bank programme in Ogun

August 19, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
FCCPC

FCCPC probes Nigeria’s rising cement prices

August 19, 2026
Dangote

Dangote Refinery secures $1bn IPO backing

August 19, 2026
NDLEA

NDLEA busts N39bn cocaine cartel, arrests luxury dealer

August 19, 2026
Oluremi

Oluremi Tinubu launches food bank programme in Ogun

August 19, 2026
ADVERTISEMENT
August 2026
SMTWTFS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Jul    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Ogogo

    BREAKING: Nollywood actor Ogogo seriously ill with stage 4 cancer (VIDEO)

    0 shares
    Share 0 Tweet 0
  • Kemta Ogboni house sealed amid Yayi dispute

    0 shares
    Share 0 Tweet 0
  • Primate Ayodele warns Tinubu of 2027 defeat

    0 shares
    Share 0 Tweet 0
  • NANS urges Tinubu to release Osun’s ₦200bn funds

    0 shares
    Share 0 Tweet 0

Just Published!

FCCPC

FCCPC probes Nigeria’s rising cement prices

August 19, 2026
Dangote

Dangote Refinery secures $1bn IPO backing

August 19, 2026
NDLEA

NDLEA busts N39bn cocaine cartel, arrests luxury dealer

August 19, 2026
Oluremi

Oluremi Tinubu launches food bank programme in Ogun

August 19, 2026
Chris Oyakhilome

Chris Oyakhilome unveils Tsion electric vehicles

August 19, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.