April 8, 2025Blockchain

PHOTON Issues Request for Expression of Interest (RFEI) from African Governments

Boom Technologies Ltd. (“Boom”) proudly announces PHOTON, an ambitious pan-African initiative to establish decentralised, gigawatt-scale AI data centres across the continent. PHOTON marks the dawn of Africa's golden age in Generative Artificial Intelligence, data sovereignty and technological empowerment.

PHOTON’s mission is to democratise access to state-of-the-art AI infrastructure, enabling African businesses, startups, researchers, financial, medical and academic institutions to benefit from "African Intelligence” - AI that embodies Africa’s history, values and languages. PHOTON will drive innovation, create millions of jobs, and establish Africa as a leader in Generative AI.

As part of this visionary effort, Boom is inviting African governments to submit a Request for Expression of Interest (RFEI) to host PHOTON’s initial seven AI data centres. To be considered, countries must have acquired their Sovereign Reserve Allocation of Boomcoin (BMC), the pan-African digital currency enabling instant worldwide cross-border transactions in local currencies, offer compelling investment incentives, and ensure reliable, uninterrupted power supply.

“Photon ushers in Africa’s AI Sovereignty, empowering it with the capacity to design, develop, host and deploy AI systems that reflect and advance the continent’s own narratives, values, and interests,”said Peter Alfred-Adekeye, Founder of Boom Technologies and PHOTON. “We envision an Africa not confined to low-level tasks like training AI models for $2 an hour, but leading the global AI revolution with innovative solutions that are inclusive and deeply rooted in our rich African identity and culture.”

Powered by open-source technologies, energy-efficient designs, and cutting-edge hardware, PHOTON will offer ultra-low-cost API access, payable in local currencies or BMC, creating an inclusive, currency-agnostic digital economy for Africa.

Request for Expression of Interest (RFEI)

Boom is seeking seven African nations to host PHOTON’s first set of AI data centres. Eligible countries must:
• Have acquired their Sovereign Reserve Allocation of BMC.
• Offer compelling incentives for investment and development.
• Ensure stable, uninterrupted power for gigawatt-scale operations.

Interested governments should contact photon-rfei@boom.market no later than Friday 30th May 2025 when this RFEI closes.

“We’re excited to collaborate with forward-thinking governments committed to Africa’s AI-driven future,” added Alfred-Adekeye.

About Boom Boom is the global online commerce, payment, and settlement system for cash. It enables the world to spend, save and accept cash online, without banking. Prior to Boom, the only way to transact online was through the banking system, which excluded billions of adults and businesses in cash-based economies such as Africa.

To learn more, please visit https://www.boom.market

About PHOTON

PHOTON is a pan-African initiative to establish decentralised, gigawatt-scale AI data centres across the continent.
To learn more, please visit https://pan-african.ai

For media inquiries, contact:
photon@boom.market

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Whether it’s ordering a pizza or booking your next holiday, all online payments require a bank account—yet over 2 billion adults worldwide remain unbanked, limiting their participation in the digital economy. They rely solely on cash, which cannot be spent online.

Boom Technologies Ltd (“Boom”) bridges this gap by digitising cash and connecting it to the global digital economy, empowering everyone to securely spend, accept, and save cash online—without ever needing a bank, while maintaining robust compliance with AML/KYC regulations. Each transaction is traceable, verified, and compliant with local and international financial regulations.

Digital assets are generally subject to high volatility, regulatory uncertainty, and operational risk. Users should conduct their own due diligence and may wish to seek independent financial advice before engaging in any digital asset activity.

Tokenised Cash on Boom — including the tokenised GBP (bGBP) — should not experience volatility because they are backed 1:1 by GBP-denominated reserves held in-country for the benefit of bGBP holders. These reserves are managed in a Boom Reserve Fund, custodied by regulated financial institutions, and may consist of short-term Government bonds, gold, Bitcoin, and cash.

Boom Technologies Ltd, registered in England & Wales (Company No. 15034868), is not a bank, does not operate as one, and does not intend to become one. Boom is not authorised or regulated by the UK Financial Conduct Authority (FCA).

Over 2 billion adults worldwide remain unbanked, limiting access to the digital economy. Most online payments require a bank account, but many still rely on cash, which can’t be used online.

Boom Technologies Ltd (“Boom”) digitises cash, enabling anyone to securely spend, accept, and save it online—without needing a bank account. Transactions are verified, traceable, and compliant with AML/KYC standards.

While digital assets involve volatility and regulatory risk, Boom’s tokenised GBP (bGBP) is backed 1:1 by GBP reserves held by regulated custodians. These may include government bonds, gold, Bitcoin, and cash.

Boom is not a bank and is not authorised or regulated by the UK Financial Conduct Authority (FCA).

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