Exploring the Potential of Web3 in Africa

Join Alex Tapscott and Andrew Young as they decode the world of DeFi. Listen in as Alex shares his thoughts and observations on his recent trip to South Africa, where he helped roll out the Blockchain Research Institute (BRI) in Africa and met with business leaders, financial executives, and investors. Africa faces various challenges, including government corruption, underemployment, and lack of access to basic financial services; however, the continent remains well-positioned to be a leader in Web3 and digital transformations. Africa has made great strides in health and education, with life expectancy increasing by 25% in the last 30 years and literacy rates surging by over a third, providing the foundation for digital literacy and financial inclusion. It has a young and digitally native population, with 50% of citizens under 20 years old and over 64% of people in Sub-Saharan Africa owning a smartphone. By leveraging these demographic and technological tailwinds, Africa can overcome its challenges and achieve greater economic prosperity through Web3 and other digital technologies.?

ABOUT DEFI DECODED PODCAST

Alex Tapscott, Andrew Young and guests break down the fundamentals of Decentralized Finance (DeFi) and how this cutting-edge technology enables individuals and institutions to transact, and create value, without the need for traditional financial intermediaries.

The opinions, estimates and projections contained within this recording are solely those of Ninepoint Partners and are subject to change without notice. Ninepoint makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Ninepoint assumes no responsibility for any losses or damages,  whether direct or indirect, which arise out of the use of this information. These views are not to be considered investment advice nor should they be considered a recommendation to buy or sell. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Important information about the Ninepoint Partners Funds, including investment objectives and strategies, purchase options, and applicable management fees, and other charges and expenses, is contained in their respective prospectus, or offering memorandum. Please read these documents carefully before investing. We strongly recommend that you consult your investment advisor for a comprehensive review of your personal financial situation before undertaking any investment strategy. For more information visit ninepoint.com/legal. This report may not be reproduced, distributed, or published without the written consent of Ninepoint Partners LP.

Part of Ninepoint Digital Partner’s DeFi Decoded Podcast Series. Available at Google, Apple, and Spotify Podcasts.