President William Ruto has signed a groundbreaking agreement with major blockchain firms and financial institutions to transform Nairobi into Africa’s leading cryptocurrency and blockchain technology hub.
The initiative, backed by the Kenyan government and private sector leaders, aims to attract startups, investors, and innovators by providing regulatory clarity, tax incentives, and state-of-the-art infrastructure.
“Kenya is ready to lead the digital economy in Africa,” Ruto declared during the signing ceremony. “Nairobi will be a magnet for crypto talent and investment, fueling innovation and job creation.”
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The deal includes partnerships with global players such as Binance, Coinbase, and local fintech startups, aiming to foster a comprehensive ecosystem for digital assets.
Financial experts predict this move could accelerate financial inclusion in Kenya, offering new opportunities for millions underserved by traditional banking.
The government also plans to launch educational programs to boost crypto literacy nationwide, preparing Kenya’s youth for the future economy.
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