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EMURGO Africa Invests $250K in Carbon Market Tech Startup Changeblock

EMURGO Africa Invests $250K in Carbon Market Tech Startup Changeblock

EMURGO Africa, the branch of EMURGO focused on Africa and the Middle East, which plays a key role in the development of the Cardano blockchain, has invested $250,000 in Changeblock.

This strategic financial contribution highlights EMURGO Africa’s dedication to enhancing and promoting innovative initiatives through blockchain technology in the region.

Changeblock, an innovative company in the field of carbon market technology, is on a mission to revolutionize the carbon trading sector through blockchain technology.

Through this funding injection, EMURGO Africa intends to promote sustainable progress and ecological accountability, all while instigating transformative advancements within the realm of carbon trading.

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Our investment in Changeblock is in line with our commitment to foster the development of climate change reversal technologies and impactful solutions on Cardano’s third-generation and environmentally-sustainable blockchain,” stated Ahmed M. Amer, CEO of EMURGO Africa and Executive Director of EMURGO MEA.

Net zero strategy

He further added that in collaboration with Changeblock, their aim is to unite global regulators, business leaders, and influencers to reinforce and amplify their commitment to a worldwide net zero strategy that is both economically feasible and monetizable.

In his remarks, Billy Richards, CEO of Changeblock, stated that their vision with EMURGO Africa, revolves around transforming sustainable actions into valuable, tradable assets for Africa.

“By leveraging the power of blockchain, we’re creating a transparent and efficient market that incentivizes sustainable practices and attracts climate-focused investments,” Billy added.

Also Read: US Pledges $7B Investment in Africa to Promote Climate Resilience

Through this strategic partnership, EMURGO Africa aims to actively strengthen Changeblock’s inventive solutions and enhance their standing within the domain of carbon market technology.

This financial backing is in harmony with EMURGO Africa’s overarching mission to propel the adoption of blockchain technology, while also nurturing economic advancement and societal development in both the African and Middle Eastern regions.