Billionaire Jack Dorsey has capped a whirlwind tour of Africa by pledging to move to the continent for several months in 2020.
In a message shared on his social media platform, Dorsey, 43, said that he didn’t know where he would be living, but that he planned to spend up to half of next year in Africa.
“Sad to be leaving the continent for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid-2020. Grateful I was able to experience a small part,” he tweeted.
Africa Tembelea (AT) understands he’d finished his third 10-day vipassana meditation in South Africa last week—for his birthday last year, the CEO had the same experience in Myanmar.
“Finished my 3rd Vipassana 10 day at Dhamma Pataka in South Africa. Continues to be the toughest and best thing I do for myself. Grateful for all those who enable me to make time for it. And thank you to Pataka for being so incredible,” he said.
The tech exec was in Ethiopia this week as part of a tour of the continent that started on November 8 and included stops in Ghana, Nigeria, Ethiopia and South Africa.
Techpoint publisher Adewale Yusuf, who organized a meeting between Dorsey and tech publishers and entrepreneurs, is quoted by CNN Business to have said that he was not surprised that the CEO plans to move to the continent.
“I don’t think he will pick a specific country. He might shuttle between a few African countries. But I definitely think Nigeria will be one of the countries,” he said.
Dorsey isn’t the only CEO fascinated by the continent’s potential. Former Alibaba Group chairman Jack Ma was also in Ethiopia this week, where a government press release said Alibaba would work with it to establish a new trade platform.
– Bitcoin in focus –
Dorsey, who recently backed cryptocurrency startup, CoinList, has become a vocal advocate of Bitcoin and says he will integrate it into Twitter and Square, his other venture.
Africa Tembelea has also learnt that a growing number of African developers and entrepreneurs are working on cryptocurrency.
There are 618 active tech hubs in Africa providing support for digital entrepreneurs this year, a 40% increase over 2018, according to research company Briter Bridges.