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Africa’s energy challenge represents both a profound developmental obstacle and an extraordinary opportunity. Each percentage point of increased electrification correlates directly with economic growth and poverty reduction, making energy access a fundamental driver of sustainable development.
Enter Decentralized Finance (DeFi) — a blockchain-powered system that bypasses traditional banks and governments to democratize financial tools. While often associated with cryptocurrencies, DeFi’s true potential lies in solving real-world challenges.
Before we jump into the crypto bandwagon, it helps to build some historical context and precedents that lead up to this new paradigm. Throughout human history, we have used different mediums of exchange to trade with each other.
Imagine a world where all you need to access every financial service you use today — savings, loans, trading, insurance, and more — is a smartphone and an internet connection. This is what decentralized finance — DeFi in short — seeks to provide; an open alternative to the current financial system.
