USD/NGN 1,480 | USD/KES 132.5 | USD/ZAR 18.2 | USD/GHS 15.4 | Brent Crude $82.40 | Gold $2,340/oz | Cocoa $8,120/t    •    USD/NGN 1,480 | USD/KES 132.5 | USD/ZAR 18.2 | USD/GHS 15.4 | Brent Crude $82.40 | Gold $2,340/oz | Cocoa $8,120/t
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AfCFTA Unveils Pan-African Digital Currency Clearance System to Slash Intra-Continental Trade Fees by 80%
Breaking NewsPan-African
Accra•2h ago• 5 min read

AfCFTA Unveils Pan-African Digital Currency Clearance System to Slash Intra-Continental Trade Fees by 80%

In what economists are calling the most consequential trade milestone since the Abuja Treaty, the African Continental Free Trade Area Secretariat alongside the African Export-Import Bank have activated the next-generation Pan-African Payment and Settlement System (PAPSS 2.0).

Key Takeaways:
  • •PAPSS 2.0 connects 44 central banks across Africa for direct local currency settlement.
  • •Estimated to save African exporters and small businesses over $5 billion in annual FX intermediary fees.
Kwame Mensah
Kwame Mensah
Chief Continental Economics Editor
Full Story →

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AfCFTA Unveils Pan-African Digital Currency Clearance System to Slash Intra-Continental Trade Fees by 80%
Breaking NewsPan-African
Accra•2h ago• 5 min read

AfCFTA Unveils Pan-African Digital Currency Clearance System to Slash Intra-Continental Trade Fees by 80%

In what economists are calling the most consequential trade milestone since the Abuja Treaty, the African Continental Free Trade Area Secretariat alongside the African Export-Import Bank have activated the next-generation Pan-African Payment and Settlement System (PAPSS 2.0).

Key Takeaways:
  • •PAPSS 2.0 connects 44 central banks across Africa for direct local currency settlement.
  • •Estimated to save African exporters and small businesses over $5 billion in annual FX intermediary fees.
Kwame Mensah
Kwame Mensah
Chief Continental Economics Editor
Full Story →

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