Cardano ($ADA) Founder Charles Hoskinson Signs MOU With Government of Brundi

Charles Hoskinson, Co-Founder and CEO of IOHK, the company responsible for building Cardano ($ADA), announced yesterday (October 26) that he had signed a memorandum of understanding (MOU) with the government of the Republic of Burundi. 

An MOU is “an agreement between two or more parties outlined in a formal document.” Although “it is not legally binding”, it does demonstrate “willingness of the parties to move forward with a contract.”

Here is how the IOHK CEO announced the news about this agreement with the small central African nation:

Yes we signed a great MOU today

— Charles Hoskinson (@IOHK_Charles) October 26, 2021

Interestingly, around eight hours earlier we got a hint that a deal between IOHK and the government of Brundi was imminent after Hoskinson tweeted that he had changed his Twitter profile photo to a photo of one of his meetings with Évariste Ndayishimiye, who is the President of Brundi:


— Charles Hoskinson (@IOHK_Charles) October 26, 2021

Hoskinson had tweeted about this meeting (which was all “about the future of Burundi’s digital transformation”) a day earlier:

Great meeting with his excellency President Évariste Ndayishimiye about the future of Burundi’s digital transformation

— Charles Hoskinson (@IOHK_Charles) October 25, 2021

And before Hoskinson arrived at Brundi, he was in Zanzibar, meeting with President Hussein Ali Mwinyi, as part of his tour of Africa.

And before Burundi, we had a wonderful meeting about the Blue Economy with President Hussein Ali Mwinyi in Zanzibar.

— Charles Hoskinson (@IOHK_Charles) October 25, 2021

Yesterday, Tamara Haasen, Chief of staff at IOHK, explained that the meeting with Zanzibar’s president had been arranged thanks to help from Africa-based blockchain-powered mobile network World Mobile ($WMT):

Many thanks to our gracious partners @WorldMobileTeam for setting meetings in #zanzibar w/ the President & minsters. It was incredible to see how the power of WMCs network + #atalaprism + #realfi can transform an African nation that is open to transforming itself

— tamara haasen (@TamaraHaasen) October 26, 2021


The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.



Show More