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Tag: PAPSS
Afreximbank’s PAPSS continental payment system joined by 11 African central banks
The Africa Export-Import Bank, or Afreximbank, has incorporated 11 African central banks into its flagship Pan-African Payment and Settlement System (PAPSS) that offers an alternative ... Read More
AfCFTA to boost remittances by making cross-border transactions cheaper
The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as ... Read More
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 ... Read More
AfCFTA calls for streamlined customs processes, visa removal to unleash intra-Africa trade potential
The African Continental Free Trade Area (AfCFTA) needs to remove visas and reduce custom processes to ease movement of goods within the African continent — ... Read More
Making the most of AfCFTA: African businesses bullish on the deal’s benefits
The African business community has maintained its bullish outlook on the benefits of the African Continental Free Trade Area (AfCFTA), as it weathers global instability, ... Read More