Suggestions
Yoseph Ayele
Web3 <> Africa
Yoseph Ayele is an entrepreneur and visionary leader focused on building a borderless economy in Africa powered by Web3 and frontier technologies.1 As the founder of Borderless Africa, he supports founder and builder communities across the continent, hosts high-impact events, and bridges African Web3 communities with global infrastructure builders.13
Background and Education
Yoseph has a diverse international background:
- Born in Ethiopia
- Grew up in Tanzania, Kenya, and Nigeria
- Studied at Harvard University, earning a Bachelor's Degree in Social Studies
- Completed a Master's Degree in Management & Commerce at Victoria University of Wellington1
Professional Experience
Yoseph's career highlights include:
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Founder of Borderless Africa (April 2021 - Present): Leading initiatives to support African founders and builders, including "magma," a two-week in-person residency for top African founders.1
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Co-Founder & CEO of Edmund Hillary Fellowship (EHF) (October 2016 - March 2021): Led the design and implementation of the world's first Global Impact Visa with the New Zealand Government, bringing 532 founders and builders from 58 countries to New Zealand.1
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Co-Founder and Director of Kiwi Connect (January 2014 - January 2017): Worked on entrepreneurship and innovation initiatives in New Zealand.1
Vision and Initiatives
Yoseph is committed to:
- Creating a borderless world and unlocking the full potential of Africans.24
- Leveraging Web3 and other frontier technologies to build an open and permissionless economy in Africa.14
- Bridging African Web3 communities with global infrastructure builders.1
His work with Borderless Africa aims to build the foundational blocks for realizing this vision of a borderless African economy.3
Yoseph is actively involved in the Web3 and blockchain space, advocating for increased African representation in DAO governance and promoting Ethereum's potential impact on the continent.56
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

