Grey, a payments firm, says it is helping African businesses reduce reliance on the US dollar for intra-African trade. In statements reported by multiple outlets, Grey CEO Idorenyin Obong argues that intra-African trade should not depend on dollars, and describes the company’s approach to enabling payments without an initial step of converting funds into USD.
The two reports focus on the same core claim: Grey has built direct currency conversion routes. TechCabal frames this as the company’s “next bet,” linking it to making trade “less dependent on the dollar.” The Punch similarly emphasizes the dollar-dependence issue, highlighting Grey’s currency conversion routing capabilities and tying them to how businesses pay suppliers.
