A Ugandan Tycoon Has Made one of the biggest bets on DBA ICO sale
JOHANNESBURG – A Ugandan businessman has invested a total of $10 million USD in Digital Bank of Africa (DBA) project, the management announced the big bet this morning.
DBA Currency or Digital Bank of Africa (DBA) is the first blockchain verifiable crypto currency from Africa. The token is a native currency for digital bank /payment bridge company DafriBank and DafriXchange, the first crypto exchange with instant fiat withdrawal and deposit ability in 50 African countries.
In May- 2020 when ETH was still trading at $165 per token, we made a prediction and further advised you our followers to hold on to your ETH portfolio for a surge above $1000 per token. Ethereum touched $2000 per token early this year.
Judging from its utility and locking structure mechanism implemented by the management this will be one of the biggest success stories in the history of African digital investment.
In furtherance of DBA use cases which include hotels, digital bank, crypto exchange, beauty franchise, defi system and locking structure, the project is backed by billionaire entrepreneur and Africa’s biggest BNB holder Xolane Ndhlovu who acquired over 470 000 BNB in 2017, and now worth over R1.6 billion thanks to recent surge in Binance Smart Chain (BSC)
In 2020 his company DafriGroup PLC announced a $5 million dollars investment in the then DigiBank project making it a majority shareholder. The development led to the rebranding of DigiBank and subsequent change of name to DafriBank. “There is no reason why limited partners and investor committees of investment bankers and aid workers who don’t live here, don’t understand our context, don’t believe in our entrepreneurial talent and don’t understand our challenges can determine which innovators help us make it through this crisis and you can’t” he said the time.