HomeBusinessInside Dependly with Joshua Olatunji: Building the infrastructure of verifiable trust for...

Inside Dependly with Joshua Olatunji: Building the infrastructure of verifiable trust for Africa’s digital economy

Global commerce, particularly cross-border engagement, is struggling with a pervasive and debilitating cost: execution uncertainty.

This problem is acutely felt by the African diaspora, who sent an estimated $96.4 billion in remittances in 2024 to Africa. A significant portion of this capital, estimated at 25 percent for savings and investment, flows toward high-value projects like real estate and construction, which account for about 30 percent of remittances in key markets like Nigeria.

However, this massive flow of funds is hampered by a critical gap: the inability to independently verify whether promised work was truly done, creating a barrier to converting sacrifice into verifiable dignity.

For years, many in the diaspora have funded homes, farms, construction projects, businesses, and family developments across Africa from thousands of miles away.

Money flows steadily through remittances and personal transfers, often sustained by trust alone. Yet beneath this current of faith, a deeper, silent deception

This post was originally published on this site.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

- Advertisment -
Google search engine
- Advertisment -
Google search engine