Tag: afreximbank
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PAPSS to save Africa $5bn annually – Report
Implementation of the African Continental Free Trade Area (AfCFTA) received a boost last week with the commercial launch of the Pan-African Payment and Settlement System (PAPSS) in Ghana. The platform established by African Export-Import Bank (Afreximbank) in conjunction with AfCFTA secretariat aims at saving Africa more than US$5 billion annually in payment transaction costs, while…