Pando DAO, Africa’s first decentralized autonomous organization for tech innovators, has begun operations and has been named the Silicon Zanzibar initiative’s official community partner.
Top African internet entrepreneurs have formed the decentralized Pando DAO community, which has activities in over 15 different African nations. Its goal is to strengthen ties among members of the African IT community while accelerating size and effect in order to realize a shared, positive future for the whole continent.
Over 50 founders and early builders from throughout Africa are represented among the founding members of the community, including mPharma, Wasoko, Pariti, SunCulture, Africa Health Holdings, Stitch, MarketForce, 54Gene, Mara, VertoFX, Turaco, Raise, Carry1st, Jetstream, and others.
The community has furthermore declared that it has joined Silicon Zanzibar, a government project that was started earlier this year with the aim of transforming the island into a magnet for tech talent and businesses, as an official community partner.
One significant undertaking is the creation of a VC fund for African early-stage digital startups, which will use its members’ knowledge and networks to its advantage while also giving members access to funding. Other early projects will include a hub accessible only to Pando DAO members and a Pando CEO Summit, both of which will debut later this year.
“We are thrilled to be partnering with the government of Zanzibar on this initiative. We believe that through this partnership, we will be able to drive the tech ecosystem in Africa forward, with Zanzibar serving as a key part of that story by attracting tech companies and talent, and also developing homegrown companies and talent as well,” said Yacob Berhane, CEO, and co-founder at Pariti and a founding member of Pando DAO.
