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Nine African countries join Afreximbank’s PAPSS platform in push for ‘de-dollarization’
A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently started commercial operations with nine countries having signed up so far, according to the Afreximbank President Benedict Oramah. The African Export-Import Bank — or Afreximbank — expects 15 to 20 […]
Gabon settles debt to Pan-African TV TeleSud
The Gabonese government led by President Ali Bongo has paid 650,000 euros, the last portion of debt it owes to TeleSud, a Pan-African media that it had tasked to do its branding, reports say. French media Africa Intelligence Wednesday revealed that Libreville has squared its total debt to the television owned by Cameroonian business tycoon […]
Morocco to tighten anti-Money laundering measures
Morocco has adopted a new law to fight money laundering which enables tracking and seizing funds acquired illicitly in line with FAFTA jurisdictions. This law helped the country leave the grey FAFTA list and strengthen its legal arsenal to address strategic deficiencies in its regimes to counter money laundering, terrorist financing, and proliferation financing The […]



