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Apollo Foundation to develop Blockchain technology in Lesotho

Apollo Foundation to develop Blockchain technology in Lesotho

GovernmentMore NewsRegional NewsSouth Africa

Apollo Foundation has announced a Memorandum of Understanding (MoU) with the nation of Lesotho to develop and implement Blockchain technology in various government departments and initiatives.

The Ministry of Communications, Science and Technology acted on behalf of the Lesotho government in signing the MoU with the foundation.

The main objectives of the Blockchain initiative are to create new wealth in the private sector by harnessing Apollo fintech solutions; design and implement new government systems; reduce financial crime; maximise the commercialisation of the nation’s mineral wealth; and eradicate challenges like unemployment, poverty and educational constraints.

“Lesotho is working to become a leader in technology,” said Steve McCullah, Director of Business Development.

“We are confident Apollo can help accomplish this mission.”

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