Cairo and Accra, 28 September 2021: – African Export-Import Bank (Afreximbank) and AfCFTA Secretariat announced today the operational roll-out of the Pan-African Payment and Settlement System (PAPSS), a revolutionary Financial Market Infrastructure to enable instant, cross-border payments in local currencies between African markets. By simplifying cross-border transactions and reducing the dependency on hard currencies for…
Africa’s internet economy has great potential. Experts estimate that it could gross $180 billion in the near future. Continue reading for full report
The AfCFTA Secretariat is working on a continent-wide payment platform to enable SMEs and MMEs trade easily across Africa
The general objectives of the AfCFTA are to… create a single market for goods, services, facilitated by movement of persons in order to deepen the economic integration of the African continent and in accordance with the Pan African Vision of “An integrated, prosperous and peaceful Africa” enshrined in Agenda 2063;