Startup founders from the southern African country and abroad are talking to the government about creating the regulatory and business environment that would attract more tech firms and capital. The group is in the process of organizing a conference in Lusaka, the capital, in May to draft detailed policy proposals that they believe will see Zambia succeed where previous African tech hubs have stuttered.
“I was impressed by everyone I met’s willingness to go and do big things,” the crypto pioneer said in an interview. “We want to have a much more open-minded approach,” Kayumba said in an interview from Lusaka. “You can’t milk a cow that isn’t fully developed.”Perseus Mlambo, originally from neighboring Zimbabwe, was one of the early movers. He started payments platform Zazu Africa Ltd. in Zambia five years ago, a firm that now accounts for half of Mastercard Inc. transactions in the country.
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