EMURGO Africa Invests $250,000 in Changeblock, a pioneering carbon market technology startup

EMURGO Africa Invests $250,000 in Changeblock, a pioneering carbon market technology startup
EMURGO Africa Invests $250,000 in Changeblock, a pioneering carbon market technology startup

The Partnership will Enable Unique Carbon Asset IDs on Cardano, boosting transparency through specialised digital identity.

The Partnership Enables Monetizing Climate Actions, Creating Traceable Environmental Credits

Dubai, August 8, 2023: EMURGO Africa, the Africa and Middle East-focused venture arm of EMURGO, a prominent founding entity behind the Cardano blockchain, invested USD 250,000 in Changeblock. This investment marks EMURGO Africa’s commitment to supporting and promoting innovative blockchain-based solutions in the region.

Changeblock, a pioneering carbon market technology company, aims to revolutionise the carbon trading landscape by leveraging the power of blockchain technology. With this investment, EMURGO Africa aims to foster sustainable development and environmental responsibility while driving transformative change within the carbon market.

“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.” Said Ahmed M. Amer, CEO of EMURGO Africa and Executive Director of EMURGO MEA.

“Together with ChangeBlock, we hope to bring the world’s regulators, business leaders, and global changemakers to foster and double down on their commitment to a global net zero strategy that is both economically viable and monetizable,” Amer added.

“Our shared vision with EMURGO Africa is to turn sustainable action into a valuable, tradeable asset for Africa. By leveraging the power of blockchain, we’re creating a transparent and efficient market that incentivizes sustainable practises and attracts climate-focused investments,” said Billy Richards, CEO of Changeblock.

Through this strategic alliance, EMURGO Africa intends to contribute to the growth of Changeblock’s innovative solutions and strengthen their position in the carbon market technology space. This investment aligns with EMURGO Africa’s overarching vision of advancing blockchain adoption and fostering economic growth and social progress in Africa and the Middle East.

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