At Africa Tech Summit Nairobi, Busha argued for shifting the digital-asset conversation from speculation to practical infrastructure for commerce.
Stablecoins Reframed as Trade Infrastructure
Busha, a leading African digital asset exchange and stablecoin infrastructure provider, used Africa Tech Summit (ATS) Nairobi to argue that stablecoins should be discussed less as speculative instruments and more as infrastructure for “real economic activity,” particularly for businesses moving value across borders.
Busha’s Chief Operating Officer, Moyo Sodipo, appeared on a panel titled “Connecting to the Global Economy: How Stablecoins Are Solving Real African Problems.” During the session, he called for a narrative shift away from trading, volatility, and speculation and toward practical use cases, including payroll, trade settlement, and institutional partnerships.
The Constraints Busha Says Stablecoins Can Address
Sodipo said stablecoins could help mitigate three constraints facing African traders and businesses: the high cost of cross-border payments, limited access to foreign currency liquidity, and prolonged settlement cycles through correspondent banking networks. He added that traditional channels often impose significant fees on cross-border transactions, intensifying pressure on small and medium-sized enterprises dependent on frequent international payments.
Trust, Transparency, and Local Currency Backing
On trust and oversight, Sodipo pointed to blockchain’s transparency—permanent records and traceable audit trails—as a mechanism that can support compliance, monitoring, and risk management. He also warned against overreliance on foreign-issued, dollar-pegged stablecoins, calling for “greater development of stablecoins backed by African currencies or regional asset baskets,” and argued: “Shifting dependence from one external system to another does not solve the underlying problem.”
Industry Engagement
Beyond the conference programme, Busha hosted an “After The Summit” evening mixer in partnership with Tether, with senior leadership from Tether in Africa Arnoud d’Yve de Bavay, Head of Expansion Africa at Tether, Mabuti Mutua, Head of Regulatory Affairs and Licensing in Africa, George Mosomi, Head of Expansion, Kenya, present.
Chamber of Commerce Membership
Separately, Busha has now joined The Kenya National Chamber of Commerce and Industry (KNCCI). KNCCI Chamber President, Dr Erick Rutto, officially presented a membership certificate to Sodipoand Chebet Kipingor, Busha’s Business Operations Manager.
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