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Funding Progress

African Development Funding Group Endorses Apollo Crypto for African Adoption

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Blockchain project Apollo Currency​ has secured an endorsement from the African Development Funding Group (ADF Group) to encourage the use and adoption of crypto at national level across the entire African continent.

In a press release, ADF Group CEO Anthony Mokhele underlined the group’s mandate of facilitating solutions for finance and funding to uplift the continent, while investigating emerging technologies such as blockchain to help the concept of wealth creation within Africa:

“It is for this reason that we have identified Apollo Currency Africa as the only and obvious choice with regard to cryptocurrency and its application in an African perspective, to form a partnership and integrate into our involvement in the African continent. Because of Apollo’s independent blockchain and endless features we are endorsing its use and adoption to any of the fifty-four (54) African countries we have relationships with.”

While relatively unknown outside of the continent, Apollo has made certain inroads into the financial and crypto community there, as reported by CCN, with their focus on old issues of scalability for crypto including speed, long term sustainability, privacy, and high transaction fees. It employs sharding, which is also being implemented for Ethereum, allowing for super fast, super efficient transactions. It claims to be even faster and more efficient as more users join its network.

Steve McCullah, director of business development for Apollo said: “Our goal is to realize sub-one-second transaction speeds and TPS capabilities in the multi-millions before the end of 2020. It’s crucial for developers to stay ahead of the curve, and to consider upcoming trends in their organization’s strategic planning. The Web 3.0 economy is evolving fast and it’s important to match developer competence with vision and prudence.”

The ADF Group provides funding and sustainable development on a range of commercial and non-profit ventures in Africa, while providing financial consulting services to governments. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

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