SA’s Wala to finance Ugandan solar programme with digital currency

South African startup Wala has partnered CleanPath Emerging Markets (CP-EM) Uganda, which is developing a gigawatt-scale solar programme to create a blockchain-enabled clean energy economy, to use its digital currency Dala as the principle transactional currency.

Since the launch of Dala, currently accessible through the Wala mobile application, in May, over 100,000 Dala wallets have been opened and over 2.5 million transactions processed.

The US$1.5 billion CP-EM programme endeavors to create a new clean energy economy in Uganda, with the partnership employing Dala as its principle transactional currency, allowing Ugandan consumers to purchase solar power in Dala, workers to be paid in Dala and the programme to run on Dala.

Full article: Disrupt Africa

 


 

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