A Nairobi-based digital finance company, Invastor, has trained 463 senior Kenyan officials, including 349 members of parliament, on cryptocurrency as part of efforts to bridge policymakers’ knowledge gap in the fast-evolving sector.

The remaining trainees included county administrators and senators. Each participant received Invastor coin valued at 50 US dollars as part of the programme, according to the organisers.

The training, held in Nairobi, was aimed at equipping legislators with a clearer understanding of digital assets to help the country establish an appropriate regulatory framework.

Sub-Saharan Africa accounted for just 2.3 percent of global cryptocurrency transactions between 2022 and 2023, but recent data suggest the sector is expanding rapidly across the region.

Analysts say training initiatives for lawmakers and government officials are increasingly necessary to ensure that regulatory responses keep pace with market developments.