Former Twitter CEO Jack Dorsey recently visited Kenya, arriving from Ghana on Thursday. His visit included a meeting with key members of Kenya's tech ecosystem at iHub, a renowned innovation hub in Nairobi. During the discussion, Jack shared valuable insights on managing large tech companies such as Twitter, Cash App, and Square, sparking interest and inspiration among the Kenyan tech community.
Dorsey also provided thought-provoking commentary on bitcoin, underscoring its potential as a tool for financial transformation. His visit coincided with a significant announcement involving Gridless, a bitcoin mining company focused on supporting energy development in rural East Africa. On Tuesday, Jack’s company, Block, alongside venture capital firm Stillmark, invested $2 million (approximately KES 245.7 million) in Gridless.
This investment aims to expand Gridless' bitcoin mining operations across African markets, fostering innovation and development. Gridless, founded in 2022, addresses the needs of African energy producers as they work toward electrifying the continent. By integrating bitcoin mining into their operations, Gridless helps generate affordable power for rural communities while contributing to the geographic distribution and security of the bitcoin network.
The company’s innovative approach aligns with the vision of advancing Africa’s energy infrastructure through cutting-edge technology. By leveraging bitcoin mining, Gridless not only accelerates industry growth but also empowers communities with sustainable energy solutions.
Jack’s visit highlights his shift in focus following his departure from Twitter’s board in May. Now dedicating his efforts to Block—formerly Square—Jack is steering the company’s mission to develop financial tools that enhance global economic accessibility. Block comprises Square, Cash App, Spiral, TIDAL, and TBD54566975, each contributing to democratizing financial services.
Dorsey’s engagement with Kenya’s tech ecosystem and his investment in Gridless underscores his belief in Africa’s potential as a hub for innovation and development. His visit serves as a catalyst for deeper collaboration and growth within the region’s tech and energy sectors.
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