SatoshiCentre Global Group was founded in Gaborone Botswana by Alakanani Itireleng, and entrepreneur and visionary leader. The startup operates in several African countries and in 2020 it opened up the the Kenyan market by setting up operations in Nairobi. The startup offers incubator services to other startups dealing in blockchain and Fintech(Financial Technology). The startup also supports co-working spaces by facilitating means through which developers from different startups can meet and communicate therefore, help each other improve the viability of their ideas by refining their business models to an industry accepted standard. Many startups experience a rocky start at the beginning stages of launching to their target markets. SatoshiCentre solves this problem by setting up co-working spaces for the collaboration of entrepreneurs.
In a region that is riddled with a lot of challenges, startups in blockchain and Fintech have it rough in trying to penetrate potential markets in the region due to lack of funds, proper facilities and Information. The blockchain sector is relatively new and most of the popular players in the sector are clustered in the Northern Hemisphere, leaving the south at a considerable disadvantage. A lot of young visionary entrepreneurs have hopes to thrive in this sector but with lack of a robust infrastructure to support their operations from development to market pitching, their hopes remain just dreams. SatoshiCenter has therefore, stepped in to offer mentorship and required facilitation to startups especially in the blockchain sector. The centre has supported some projects over the years to achieve substantial growth in the market.
KOBO Coin is one of the startups that SatoshiCentre has supported over the years. KOBO coin is a cryptocurrency startup that was launched in 2015 with an intention to power the African Mobile money market. The digital coin was built to be eco-friendly and specifically optimized for usage on mobile phones. The platform can be used globally and allows it users options to trade with other users globally while using less energy to support their operations therefore, eco-friendly. The platform offers several benefits to its users including the fact that the platform guarantees its users their privacy. The crypto platform does not require its users to have credit or financial history. A digital wallet will suffice in enabling users to trade on the platform. In addition to that, transaction fees are very low hence allowing users to keep more of their money. With KOBO coin, users can trade easily across borders while their security is guaranteed since the digital coin makes use of more than 15 crypto hashing algorithms making it difficult to forge. Apart from KOBO coin, SatoshiCentre has supported other blockchain related startups including PAAS, a blockchain for farmers and digital marketplace for agricultural products.
Since its launch, SatoshiCentre Global Group has managed to attract partners including: Ether Authority, PlayBetr, Wethio Blockchain, Blockchain.africa Melanin Academy and Blockchain Academy. It has also managed to win several awards and receive multiple recognitions. Among them is an award for excellence in blockchain incubation at the Global Blockchain Congress as well as a recognition for its contribution towards Bitcoin and Blockchain Technology at the Black Blockchain Summit.
Author’s Sentiments.
If Africa is to effectively and successfully compete with the rest of the world, a lot has to be done towards addressing challenges in our industries by adoption of technology to streamline our industries while providing information to our huge young population. The most important factor however, is the availability of a robust mechanism to facilitate our entrepreneurs in their operations. This includes setting up startups with spaces where members of different projects can converge to share ideas and refine their ideas while getting funding to enable them grow. Since technology isn’t going anywhere, very soon, the best economies are going to immerge from the best utilization of technology. As I conclude, leave your opinion in the section below and continue with this series here.
SatoshiCentre Global Group: An African startup incubator for Blockchain, Fintech and co-working spaces projects.
