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Yoseph Ayele
Web3 <> Africa
Yoseph Ayele is an innovative leader dedicated to advancing a borderless economy in Africa through the transformative power of Web3 technologies. His vision centers around creating decentralized financial and economic infrastructures that empower individuals and communities across the continent, allowing them to transcend traditional barriers and limitations. By leveraging decentralized technologies, Yoseph aims to foster an environment where African entrepreneurs can thrive, creating opportunities and building lasting trust-based relationships in business and finance. He passionately believes that decentralization has the potential to unlock new pathways for growth, innovation, and collaboration in Africa and beyond.
Born in Ethiopia and having spent his formative years in Tanzania, Kenya, and Nigeria, Yoseph brings a unique multi-cultural perspective to his work. He has been fortunate to receive a world-class education, having studied Social Studies at Harvard University and advancing his studies as a Harvard-Cambridge Summer Scholar at the University of Cambridge. To further complement his academic experience, he pursued a Master’s Degree in Management & Commerce at Victoria University of Wellington, where he gained valuable insights into management practices and global commerce.
Yoseph's professional journey spans across continents and industries, having co-founded the Edmund Hillary Fellowship (EHF) and the Global Impact Visa, a pioneering immigration initiative created in collaboration with the New Zealand government. This program is designed to attract global founders by providing them with work visas and residence permits in New Zealand, facilitating their entrepreneurial endeavors. Over the past seven years, he has cultivated a vibrant community of over 500 talented builders from 58 countries, showcasing his commitment to global cooperation and network building.
Throughout his career, Yoseph has held various leadership positions such as the Advisory Board Member for the School of Government at Victoria University of Wellington, Co-Founder and Director at Kiwi Connect, and Operations Lead at Inflection. He has experience in social entrepreneurship, having worked as a Summer Associate at Ashoka, and has contributed to sustainability research as an Independent Researcher at the University of Cambridge Programme for Sustainability Leadership. Furthermore, he held the notable position as President at the Leadership Institute at Harvard College (LIHC), where he developed his skills in leadership and community engagement.
In addition to his diverse roles in different sectors, Yoseph is also an accomplished journalist, having served as a columnist for The View at Capital Ethiopia. His capacity to convey information and inspire action is evident in his TEDx talk, where he shared his insights and experiences in building impactful networks that transcend borders. You can view his TEDx story at the following link: https://youtu.be/6Vqethhad_k, which reflects his belief in the potential of technology to change lives and foster sustainable economic growth.
Highlights
I've been beating the drums about stablecoins in Africa for years.
They've finally hit mainstream in the West!
I'm releasing a 2-part series to look beyond the surface-level takes on why stablecoins thrive in Africa, and seek to understand the forces that led us there.
Part I covers USD stablecoins: → Why Africa leaks ~$400B annually → How chronic USD shortages made parallel markets a feature (not bug) of African economies (e.g. 90% of Nigeria’s USD liquidity flows outside banks) → How stablecoins didn't create something new - they digitized what was already happening at scale → What we can speculate about the future
The biggest value? USD stablecoins solve Africa's USD liquidity fragmentation - both inside AND outside banking systems.
Working with founders driving leading stablecoin companies here, we're still early:
- Forces flowing value to stablecoins are stacked
- Regulators coming to the table vs. fighting the market
- Global infrastructure embedding stablecoins
But here's the plot twist...
While USD stablecoins hit PMF and will keep growing, I believe they're crypto's biggest failure mode for Africa long-term if it means dollarizing our economies. Part II dives into this tension.
Read Part I: https://t.co/SjDY21WCBP

What an insightful discussion with @sreeramkannan and magma founders with @borderlessaf 🔥
Blockchain innovations facilitating the exchange of commitments is a brilliant way of seeing the world. First principled building 🫡 https://t.co/7qcKNhHwBH

