Akin Sawyerr, founder and CEO of Feleman Limited, an Africa-focused impact investment, and advisory firm based in the Washington, DC, US, in an interview at the Digital Money Forum, said that decentralized finance and governance can rebuild economies all over the world.
According to Akin, he has a geographical purview over Africa as a whole, giving him more insight into what has to be done to enhance and identifying opportunities around the continent.
He stated at the forum held at CES 2020 in Las Vegas, that “One of the big challenges you see across Africa is governance. And wherever you have weak governance you have more transaction costs. We believe that cryptocurrencies and crypto networks will have a lot of applications across Africa.”
Ultimately, he said, weak governance makes it harder to get things done. In fact, it makes business deals more expensive and less interesting to outside investors.
“We’re sort of at the point where people appreciate the methods of governance at Decred,” he said, referring to the company he works for that’s behind the digital currency of the same name. He’s currently looking to expand these tools to the US and believes adoption will be much slower thanks to heavy regulation.
“People in the US can vote and people have agency,” or the ability to act on their own behalf, he said. Instead of selling solutions to the US, he expects places like Africa to be early adopters for blockchain-based governance solutions.
“There’s just more value in going into these environments,” he said.
Why Africa should we believe Akin Sawyerr?
Akin Sawyerr is a proven leader with over 18 years in strategic management, operations, and investment experience. He has driven organization initiatives in strategy, governance, transformation, process reengineering, performance management, stakeholder engagement, and internal and external communications. He has industry experience in financial technology, cybersecurity, international development, financial regulation, homeland security, and venture capital.
Akin is currently the of Feleman Limited, an investment and consulting firm focused on catalyzing investments into endeavors led by Africans and Africans in the diaspora. He particularly focuses on financial technology solutions including payment systems, remittances, and the employment of blockchain solutions to catalyze growth.
He also serves as Director of Splash Mobile Money, a mobile payments company in Sierra Leone where he provides strategic guidance on all matters concerning the company. He is also an advisor to several payment companies implementing the start of the art blockchain solutions the cover the whole of Africa and the US.
Prior to Feleman, Mr Sawyerr spent fifteen years in management consulting and Fortune 500 corporations. He led strategic and organization transformation projects at Booz Allen Hamilton and Accenture in Washington, DC, and held leadership positions with Freddie Mac and Fannie Mae over the years.