Billionaire venture capitalist and longtime Bitcoin advocate Tim Draper has highlighted Africa’s potential to leapfrog traditional financial systems, as Nairobi prepares to host Africa Blockchain Festival 2026 from October 15 to 17. Speaking with Africa Blockchain Festival founder Olubunmi Fabanwo ahead of the Nairobi gathering, Draper said Africa’s growing use of digital assets, expanding technology ecosystem and young population could position the continent at the forefront of the next phase of global digital finance. His comments come at a significant moment for Kenya, which is strengthening its position as a regional center for fintech, digital payments and blockchain innovation while establishing a formal regulatory environment for virtual assets. Kenya’s Virtual Asset Service Providers Act, 2025 came into effect in November 2025, creating a legal framework for the licensing and regulation of virtual asset service providers. The Central Bank of Kenya and Capital Markets Authority have subsequently been involved in developing regulations to operationalize the framework. Against this backdrop, Africa Blockchain Festival 2026 will bring investors, founders, regulators, policymakers and technology companies to Nairobi under the theme “Capital, Code, and Continuity: Building Africa’s Permanent Digital Economy.” Kenya at the Centre of Africa’s Digital Finance Conversation During...
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