logo
Dubai's Omining unveils first African site in Kenya's Special Economic Zone

Dubai's Omining unveils first African site in Kenya's Special Economic Zone

Khaleej Times15 hours ago

Omining, a crypto infrastructure company based in Dubai and operating under the DMCC ecosystem, has expanded operations into Kenya. The company's newly established facility in the Kenyan Special Economic Zone (SEZ) makes it one of the first large-scale Web3 deployments in East Africa by a UAE-based entity.
The company's entry comes as global technology players, including Microsoft, expand into Kenya's SEZ framework, with Google and Amazon reportedly completing due diligence for future presence in the region. Omining's new facility will serve as its operational hub, with a 90-megawatt capacity currently being expanded to 200 megawatts. It leverages Kenya's stable electricity costs, investor-friendly regulation, and growing global relevance. Naivasha, where the plant will run, offers other key advantages: a year-round temperate climate ranging from 6 to 30 degrees Celsius, a 100% tax-free regime within the SEZ, and a currency whose value is closely aligned with the US dollar - much like Dubai.
'We're witnessing the beginning of a revolutionary era - the democratization of cryptocurrency mining. By enabling anyone to mine a currency without government control, we're participating in a groundbreaking movement that's reshaping the world's financial landscape,' said Francesco Colucci, Managing Partner at Omining.
In under-electrified markets, crypto mining operations can play a broader role. Kenya has made significant strides in renewable energy generation, yet in rural areas, grid expansion often remains economically infeasible due to low demand. Omining's consistent, large-scale energy consumption and investments in the region can help stabilize long-term revenue for utility providers. This, in turn, adds to the long-term health of both infrastructure and access.
'The infrastructure we're building is about more than just scale,' said Lorenzo Calligaris, CTO at Omining. 'You need to be in environments that understand what you're doing and let you move fast, but responsibly. That's what we've had in Dubai, and now we're applying that playbook in Kenya.'
Kenya's SEZ has emerged as a pragmatic alternative to more saturated destinations. Situated near Nairobi but free of its congestion, it is supported by strong logistics infrastructure. These fundamentals, combined with investor-friendly policies and reliable power supply, are beginning to shift how international firms perceive the region.
Kenya's positioning as an SEZ destination is rapidly gaining traction across multiple industries because of a skilled labor pool, and growing integration with global digital trade systems. Recent public commentary from Kenneth Chelule, CEO of the SEZ Authority, referenced the potential of crypto mining firms like Omining to contribute to SEZ employment and energy monetization.
The early links between Dubai and destinations like Kenya are expected to evolve into deeper, more sustained digital-economic relationships. Omining's move is an early example of what those relationships could look like in practice.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dubai's Omining unveils first African site in Kenya's Special Economic Zone
Dubai's Omining unveils first African site in Kenya's Special Economic Zone

Khaleej Times

time15 hours ago

  • Khaleej Times

Dubai's Omining unveils first African site in Kenya's Special Economic Zone

Omining, a crypto infrastructure company based in Dubai and operating under the DMCC ecosystem, has expanded operations into Kenya. The company's newly established facility in the Kenyan Special Economic Zone (SEZ) makes it one of the first large-scale Web3 deployments in East Africa by a UAE-based entity. The company's entry comes as global technology players, including Microsoft, expand into Kenya's SEZ framework, with Google and Amazon reportedly completing due diligence for future presence in the region. Omining's new facility will serve as its operational hub, with a 90-megawatt capacity currently being expanded to 200 megawatts. It leverages Kenya's stable electricity costs, investor-friendly regulation, and growing global relevance. Naivasha, where the plant will run, offers other key advantages: a year-round temperate climate ranging from 6 to 30 degrees Celsius, a 100% tax-free regime within the SEZ, and a currency whose value is closely aligned with the US dollar - much like Dubai. 'We're witnessing the beginning of a revolutionary era - the democratization of cryptocurrency mining. By enabling anyone to mine a currency without government control, we're participating in a groundbreaking movement that's reshaping the world's financial landscape,' said Francesco Colucci, Managing Partner at Omining. In under-electrified markets, crypto mining operations can play a broader role. Kenya has made significant strides in renewable energy generation, yet in rural areas, grid expansion often remains economically infeasible due to low demand. Omining's consistent, large-scale energy consumption and investments in the region can help stabilize long-term revenue for utility providers. This, in turn, adds to the long-term health of both infrastructure and access. 'The infrastructure we're building is about more than just scale,' said Lorenzo Calligaris, CTO at Omining. 'You need to be in environments that understand what you're doing and let you move fast, but responsibly. That's what we've had in Dubai, and now we're applying that playbook in Kenya.' Kenya's SEZ has emerged as a pragmatic alternative to more saturated destinations. Situated near Nairobi but free of its congestion, it is supported by strong logistics infrastructure. These fundamentals, combined with investor-friendly policies and reliable power supply, are beginning to shift how international firms perceive the region. Kenya's positioning as an SEZ destination is rapidly gaining traction across multiple industries because of a skilled labor pool, and growing integration with global digital trade systems. Recent public commentary from Kenneth Chelule, CEO of the SEZ Authority, referenced the potential of crypto mining firms like Omining to contribute to SEZ employment and energy monetization. The early links between Dubai and destinations like Kenya are expected to evolve into deeper, more sustained digital-economic relationships. Omining's move is an early example of what those relationships could look like in practice.

Crypto cards outpace banks in micro-spending in Europe: Report
Crypto cards outpace banks in micro-spending in Europe: Report

Crypto Insight

timea day ago

  • Crypto Insight

Crypto cards outpace banks in micro-spending in Europe: Report

Crypto cards are beating traditional banks in Europe when it comes to small purchases, with 45% of crypto-linked card transactions under 10 euros ($11.7) — a category where cash has historically dominated. According to a report by shared with Cointelegraph, crypto card holders are showing spending patterns that mirror traditional bank card users while embracing online payments at a faster pace. The report noted a 15% rise in newly ordered crypto cards across Europe in 2025, signaling growing interest as more Europeans turn to digital assets for everyday payments. Furthermore, while European Central Bank data shows 21% of all card payments across the euro area are online, figures reveal crypto card users already conduct 40% of their transactions on the internet — nearly double the average. Crypto cards used for everyday spending Spending patterns show crypto cardholders are using their cards for everyday spending. According to data, groceries make up 59% of purchases, near the ECB's 54% benchmark, while dining and bars account for 19%, above the average for in-person food and drink spending. Notably, the average crypto card transaction sits at 23.7 euros ($27.8) compared to 33.6 euros ($39) for bank cards, based on Q1 2025 Mastercard data. 'What we're seeing in Europe is that crypto card users aren't just experimenting with new tech — they're showing us what everyday spending might look like in a truly cashless future,' said Alexandr Kerya, vice president of Product Management at 'With average card payment volume rising 24% in just the last month, this shift is clearly gaining momentum,' he added. The data further shows that stablecoins power 73% of transactions, with other major cryptocurrencies like Bitcoin, Ether, Litecoin and Solana also being used for groceries, dining and transportation. The trend is consistent across other providers. For instance, Oobit reported strong spending on everyday essentials among European users, while noted similarly high volumes in online shopping transactions. Barclays to block crypto purchases on credit cards Despite the surge in crypto card adoption, Barclays has announced plans to ban crypto transactions on its Barclaycard credit cards. The bank cited fears of customers falling into unmanageable debt due to crypto market volatility and highlighted the lack of investor protections in the sector. Barclays explained that crypto asset purchases carry no recourse through the Financial Ombudsman Service or the Financial Services Compensation Scheme if something goes wrong, leaving consumers exposed. Source:

Trump's World Liberty Financial signs partnership deal with London hedge fund
Trump's World Liberty Financial signs partnership deal with London hedge fund

Crypto Insight

time2 days ago

  • Crypto Insight

Trump's World Liberty Financial signs partnership deal with London hedge fund

World Liberty Financial (WLFI), a crypto platform tied to US President Donald Trump's family, has partnered with London hedge fund Re7 to launch a USD1 stablecoin vault across Euler Finance and liquid staking protocol Lista. The partnership is part of a broader effort to expand the presence of World Liberty's USD1 stablecoin on the BNB Chain, according to Bloomberg. Lista is one of the major liquid staking platforms for the BNB token, and its decentralized autonomous organization (DAO), which governs the platform, is backed by Binance Labs — the venture capital arm of crypto exchange Binance. Binance Labs invested $10 million in Lista in August 2023. At the time, Lista was known as Helio Protocol and the capital was meant to aid the platform's transition to a liquid staking provider. WLFI continues to receive backing from institutional investors as US dollar stablecoins and real-world asset tokenization — the two sectors the DeFi platform is focused on — become strategically important to increasing the salability of the US dollar, a major priority of the Trump administration. WLFI attracts institutional capital In April, crypto market maker DWF Labs purchased $25 million in WLFI tokens, the governance token of the WLFI platform. The market maker will also provide liquidity for the USD1 stablecoin as part of the investment deal. Aqua1 Foundation, a digital asset fund, announced a $100 million investment in the Trump-affiliated DeFi platform, citing WLFI's focus on stablecoins and real-world asset tokenization as major use cases that would restructure global finance. Trump reported $57 million in income from WLFI to the US Office of Government Ethics in a June 13 disclosure filing, the bulk of which appears to have come from token sales. Despite the investment deals and windfall income, the Trump family reduced its stake in WLFI by 20% since 2024. Source:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store