At a recent event by the Virtual Asset Chamber of Commerce (VACC), discussions highlighted how OTC crypto trading and stablecoins are addressing economic challenges in Africa, particularly amid ongoing USD shortages.

• Businesses are utilizing stablecoins to bypass foreign currency access issues, with transaction costs dropping from 8-16% to 0.4% for remittances.
• Tony Olendo, Chairman of VACC, emphasized that traditional banking prioritizes government over private sectors.
• The decentralized nature of OTC trading allows for transactions circumventing formal exchanges, essential in regions with restricted trading.

The TECNO Spark 40 Pro Series is now available for pre-order on Jumia Kenya from July 14 to July 20, featuring discounts and a free power bank for the Pro+ model.

• Up to KES 1,300 off on the Pro+ model, priced at KES 20,899 for 8/128GB and KES 23,699 for 8/256GB.
• Jumia is currently only offering the Pro+, with the regular Spark 40 Pro unavailable for pre-order.
• Free wireless power bank and home delivery or pickup options are included with the pre-order.