Africa Digital Assets (ADA) has officially entered into a Memorandum of Understanding with the Virtual Assets Association of Kenya (VAAK). This partnership marks a historic alignment between ADA and the first registered industry body representing Kenya’s burgeoning virtual assets ecosystem.
The collaboration arrives at a critical juncture for the region. Preparations are currently intensifying for the inaugural Africa Digital Assets Summit (ADAS), slated for April 29th and 30th, 2026. The summit is expected to serve as a high-level melting pot for policymakers, faith leaders, regulators, and technologists to hash out the governance and ethical frameworks governing emerging financial technologies.
During the signing ceremony, Fred Ogola, the founder and convener of the Africa Digital Assets Summit and LDP Presidential Aspirant, framed the agreement as a milestone for African self-determination in the tech sector.
“This is Africa’s golden age. For the first time in modern economic history, Africa is not catching up to a global industrial revolution; we are actively shaping one,” Ogola stated. “In digital assets and financial innovation, the continent is emerging not as a late adopter, but as a builder and an innovator. But this time with a conscience and morality that meets technology that does not take advantage of the poor but has preference for the poor.”
The alliance between ADA and VAAK is built on a foundation of responsible and inclusive growth. Both organizations have pledged to drive sound policy dialogue and assist in the creation of coherent regulatory standards that can scale across African borders. Beyond mere regulation, the partnership focuses on institutional capacity building and the fostering of innovation through education.
A central pillar of the agreement is the commitment to ethical stewardship. The partners aim to ensure that the rise of digital assets supports broad-based economic development, intentionally designing systems that prevent the concentration of benefits among the wealthy or well-connected.
To ensure these goals translate into tangible results, the two organizations will establish a Joint Working Committee. This body is tasked with overseeing the implementation of their shared vision, providing quarterly reports to maintain transparency and monitor progress on all agreed initiatives. This structured approach solidifies Kenya’s ambition to become a governance-conscious and innovation-forward leader in the global digital economy.
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