newly available funding of $1.3 million aimed at supporting African software developers
In recent times, there have been unsubstantiated claims circulating about a high-profile Solana cryptocurrency scam allegedly involving former Ghanaian President John Dramani Mahama and South Africa’s Parliament. However, a thorough investigation by reputable news outlets and cryptocurrency scam databases has failed to uncover any credible evidence linking these individuals or entities to such a scam.
John Dramani Mahama, who served as President of Ghana from 2012 to 2017, is a well-known politician with no public record or recent news suggesting any association with cryptocurrencies. Similarly, South Africa’s Parliament, the legislative body of the country, has not been linked to any cryptocurrency scams, including Solana, through official communications or credible news sources.
Solana (SOL), a high-performance blockchain platform, has unfortunately been the subject of various crypto-related scams, primarily involving fraudulent projects or rug-pulls. Typical scams in the Solana ecosystem include fake tokens, phishing, and misleading investment schemes. It is essential to exercise caution when encountering sensational claims involving high-profile individuals and cryptocurrencies, and always verify news from multiple reputable outlets before sharing or believing such information.
Last year, Kenya attempted to increase tax revenue through amendments to the 2023 Finance Act, which included a controversial 3% digital asset tax (DAT) on crypto transactions. The country has also faced challenges in meeting its tax revenue obligations, leading to a failure of an International Monetary Fund (IMF) review and the loss of $850 million in funding.
Meanwhile, in other positive developments, USAID has announced the Women Entrepreneurship Incubator program in Kenya, with applications now open. Adeniyi Abiodun, co-founder of Sui blockchain, has launched a $1.3 million fund to support the training of software developers in Nigeria. VISA has opened applications for Cohort 4 of its Africa Fintech Accelerator Program, while African blockchain talent firm Web3Bridge has opened the waitlist for its 13th cohort.
In conclusion, it is crucial to approach news about high-profile individuals and cryptocurrencies with a critical eye and verify information from multiple reputable sources. The summary table below provides a clear overview of the connections claimed and their evidence or verification status.
**Summary Table**
| Claimed Participant | Connection to Solana Scam | Evidence/Verification | |-----------------------------|---------------------------|-----------------------| | John Dramani Mahama | None | None | | South Africa’s Parliament | None | None | | Solana (SOL) | Involved in various scams | Documented |
- Despite unfounded speculation, John Dramani Mahama, former President of Ghana, has no public record or recent news indicating any association with Solana or cryptocurrencies.
- Similarly, South Africa’s Parliament, the legislative body of the country, has not been linked to any Solana cryptocurrency scams through official communications or credible news sources.
- In a different context, the high-performance blockchain platform, Solana (SOL), has been associated with various cryptocurrency scams, predominantly involving fraudulent projects and misleading investment schemes.
- Last year, Kenya attempted to boost tax revenue with a 3% digital asset tax on crypto transactions, but faced challenges in meeting its tax revenue obligations, resulting in a failed International Monetary Fund review and the loss of $850 million in funding.
- In more positive developments, initiatives such as the Women Entrepreneurship Incubator program in Kenya, a fund to support software developer training in Nigeria, the Africa Fintech Accelerator Program by VISA, and the 13th cohort of the African blockchain talent firm Web3Bridge are examples of innovative fintech and blockchain business ventures in the African continent.
- In conclusion, it is essential to exercise caution when encountering news about high-profile individuals and cryptocurrencies, and to verify information from multiple reputable sources.
- The table below provides a summary of the connections claimed and their evidence or verification status in relation to the Solana cryptocurrency scam:
| Claimed Participant | Connection to Solana Scam | Evidence/Verification |
