Africa Digital Assets (ADA) has signed a Memorandum of Understanding with the Virtual Assets Association of Kenya (VAAK), the first registered industry body representing Kenya’s virtual assets ecosystem.
The signing ceremony comes at a pivotal moment, as momentum builds toward the inaugural Africa Digital Assets Summit (ADAS) scheduled for 29th and 30th April 2026.
The Summit will convene policymakers, faith leaders, regulators, technologists, investors, and civil society actors to engage in structured dialogue on the governance, ethics, regulatory development, and societal impact of digital assets and emerging financial technologies across Africa.
Speaking at the signing, Fred Ogola, LDP Presidential Aspirant who is the founder and convener of Africa Digital Assets Summit stated:
“This is Africa’s golden age. For the first time in modern economic history, Africa is not catching up to a global industrial revolution; we are actively shaping one. In digital assets and financial innovation, the continent is emerging not as a late adopter, but as a builder and an innovator. But this time with a conscience and morality that meets technology that does not take advantage of the poor but has preference for the poor”
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Through this partnership, ADA and VAAK have committed to advancing a responsible, credible, and inclusive virtual assets ecosystem in Kenya and across the continent.
The collaboration will focus on:
- Promoting sound policy dialogue and supporting the development of coherent regulatory frameworks and industry standards for virtual assets in Kenya and across Africa.
- Fostering innovation, education, and institutional capacity building within the virtual assets sector.
- Enhancing cross-border cooperation, knowledge sharing, and structured stakeholder engagement across public and private sectors.
- Advancing ethical stewardship, with particular emphasis on ensuring that digital asset innovation supports inclusive economic development rather than disproportionately benefiting only the wealthy or well-connected.
As part of the Memorandum, the two organizations will establish a Joint Working Committee to oversee implementation, monitor progress, and provide quarterly reporting on agreed initiatives.
The partnership reinforces a shared commitment to position Kenya as a policy-aligned, innovation-forward, and governance-conscious hub for digital asset development in Africa.
