June 9, 2025 — Douala, Cameroon: Émile Parfait Simb has emerged as a notable figure in Africa’s decentralized finance movement, contributing to a growing discourse around digital currencies and economic autonomy on the continent.
Born in 1983 in Douala, Cameroon, Simb’s early life was marked by modest conditions and varied occupations—including teaching and transport work—before encountering blockchain technology during a visit to Dubai in 2016. In 2017, he founded Liyeplimal, a cryptocurrency platform aimed at facilitating micro-investments and reducing financial transaction costs for African users.
The initiative reportedly served over 300,000 users and claimed to significantly lower cross-border transaction fees. According to independent commentary, the model attracted attention for its grassroots approach to digital finance access.
In 2022, Simb was appointed Special Advisor to the National Assembly of the Central African Republic (CAR), where he played a consultative role during the country’s adoption of Bitcoin as legal tender. The development marked a first on the African continent, though it was met with scrutiny and diverging perspectives in both domestic and international media.
Simb’s proposals for regulatory frameworks in Cameroon were not adopted. In 2020, a draft submitted to COSUMAF was rejected. His public stance on African financial independence, particularly in relation to the CFA franc, drew both support from pan-Africanist thinkers and criticism from Western observers and media outlets.
Amid mixed receptions, Simb also introduced LimoCoin, a cryptocurrency project associated with digital payments and cross-border trade. As of June 2025, LimoCoin remains listed on MEXC, LBank, and CoinStore, with a reported market capitalization of approximately $2.01 million. Several startups have utilized the token for regional transactions, although like many cryptocurrencies, it has experienced high volatility.
Analysts have underscored the importance of financial literacy in navigating emerging markets, noting the challenges faced by retail participants in speculative digital asset environments.
Beyond financial ventures, Simb has advocated for technology-led development in sectors such as agritech, decentralized finance, and renewable energy. Various initiatives across Africa have begun integrating blockchain-compatible tools for agricultural planning, solar energy deployment, and credit access.
A recurring theme in Simb’s public addresses has been the decentralization of innovation. He has emphasized the role of self-taught technologists and local entrepreneurs in shaping Africa’s economic future, irrespective of formal political structures.
Industry Observations
Several independent experts and commentators have noted the polarizing nature of Simb’s initiatives. While some regard his work as emblematic of Africa’s emerging digital identity, others urge greater caution and structural oversight in the proliferation of cryptocurrency-based models.
Disclaimer
This press release does not constitute financial advice or investment guidance. Cryptocurrencies are inherently volatile. Readers are encouraged to consult financial professionals before making related decisions. The African Clarion assumes no responsibility for the financial or legal consequences of individual actions.
Media Contact
John Borrel
Independent Crypto Analyst and TraderUSA
