Kenyan President William Ruto has called on African countries to shift away from using the US dollar for intra-African trade. During his address at the Djibouti parliament on Tuesday, Ruto
Tag "Pan-African payment and settlement system (PAPSS)"
On September 28, 2021, the Afreximbank in conjunction with the African Continental Free Trade Area (AfCFTA) secretariat officially made the Pan-African Payment and Settlement System (PAPSS) available to be used
The Central Bank of Nigeria (CBN) has directed commercial banks to adopt the exchange rate in the importer and exporter window (I&E) for cross border payments through the Pan-African Payments
African Export-Import Bank (Afreximbank) has launched the pan-African payment and settlement system (PAPSS), a financial market infrastructure, to enable cross-border