Zanzibar. The XDC Network, in partnership with LedgerFi, has launched Zanzibar’s National Blockchain Sandbox, a new initiative aimed at advancing blockchain technology and digital governance in Africa.
The sandbox is designed to support startups in developing blockchain-based solutions, positioning Zanzibar as a leader in regional tech innovation.
The sandbox, developed by LedgerFi and powered by the XDC Network, provides startups with a platform to test applications across areas such as financial inclusion, identity verification, and decentralised infrastructure. This controlled environment allows innovators to refine their solutions before scaling them to broader markets.
In a recent discussion, LedgerFi CEO Vinay Krishna asked the Director General of Zanzibar’s e-Government Authority, Mr Said Seif Said, how the sandbox aligns with the region’s digital vision.
Mr Said responded that the sandbox offers a “secure environment” for innovators to develop and deploy blockchain solutions, adding that the collaboration aims to make Zanzibar a leader in digital governance and blockchain technology.
The latter said: “The blockchain network sandbox is designed to be a secure experimental environment where innovators can develop, test, and deploy blockchain-based solutions for real-world applications.” The sandbox, he said, aligns with Zanzibar’s wider goals of fostering digital transformation in sectors like financial technology. By providing a safe space for testing, it is expected to attract venture capital, supporting startups as they aim for both local and international markets.
According to Mr Said, this collaboration highlights the potential of technology partnerships to drive Web3 solutions for Africa.
“By integrating advanced blockchain technology with forward-thinking infrastructure, we aim to transform the delivery and experience of financial services,” he said.
With the XDC Network’s secure infrastructure, Zanzibar’s blockchain sandbox is set to attract technology investment and accelerate innovation, positioning Zanzibar as a significant player in Africa’s digital economy.
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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms
President Samia Suluhu Hassan, has handed over a cheque of 354m/- from the National Bank of Commerce (NBC) as compensation to tobacco farmers, who were affected by hailstorms during the previous farming season in various regions across the country.
Handing over the cheque in Dodoma, the compensation is part of the crop insurance service provided by NBC in collaboration with the National Insurance Corporation (NIC).
Furthermore, President Samia has also handed over health insurance coverage to members of the Lindi Mwambao Cooperative Union based in Lindi Region, through the Farmers’ Health Insurance service provided by the bank in partnership with Assurance Insurance Company.
While visiting the bank’s pavilion at the Nanenane Agricultural Exhibition and being received and briefed by the bank’s Managing Director, Mr. Theobald Sabi, she said: “This crop insurance is one of the crucial solutions in ensuring farmers have a reliable income, without fear of challenges such as natural disasters, including hailstorms.
“I call upon all farmers in the country to make the best use of this important opportunity by accessing these kinds of insurance services. I also highly commend NBC and all the stakeholders participating in this programme.”
Elaborating further on the crop insurance service, the Minister of Agriculture, Hussein Bashe, stated that it will help to recover the loss farmers incurred, especially in various calamities beyond their control.
Citing them as floods, fires, and hailstorms, which have significantly affected the well-being of farmers and caused some to be reluctant to invest in the crucial sector, Mr Bashe added: “However, our President, this step by NBC is just the beginning, as this is the second year since they started offering this service, and the results are already visible.
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“As the government, we promise to continue supporting the wider implementation of this service, with the goal of ensuring that this crop insurance service reaches more farmers.”
ALSO READ: NBC participates in TFF 2023/24 awards, promises to enhance competition
On his part, Mr Sabi said that the farmers who benefited from the compensations are from 23 primary cooperative unions in the regions of Shinyanga, Geita, Tabora, Mbeya, Katavi, and Kigoma.
He added: “In addition to these insurance services, as a bank, through this exhibition, we have continued with our programme of providing financial education and various banking opportunities to farmers, alongside offering them various loans, including loans for agricultural equipment, particularly tractors, to eligible farmers.:
At the NBC booth, President Samia also had the opportunity to be briefed on the various services offered by the bank to the farmers namely crop insurance and health insurance services.
There, the President had the chance to speak with some of the beneficiaries of the services, including the Vice-Chairman of the Lindi Mwambao Primary Cooperative Union, Mr. Hassan Mnumbe, whose union has been provided with a health insurance card from the bank.
Source: allafrica.com
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