AFREXIMBANK AND AFCFTA ANNOUNCE THE OPERATIONAL ROLL-OUT OF THE PAN-AFRICAN PAYMENT AND SETTLEMENT SYSTEM (PAPSS)

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Cairo and Accra, 28 September 2021: – African Export-Import Bank (Afreximbank) and AfCFTA Secretariat announced today the operational roll-out of the Pan-African Payment and Settlement System (PAPSS), a revolutionary Financial Market Infrastructure to enable instant, cross-border payments in local currencies between African markets. By simplifying cross-border transactions and reducing the dependency on hard currencies for …

AFREXIMBANK AND AFCFTA ANNOUNCE THE OPERATIONAL ROLL-OUT OF THE PAN-AFRICAN PAYMENT AND SETTLEMENT SYSTEM (PAPSS) Read More »

COMPELLING CASE FOR INVESTMENT IN CLIMATE INFRASTRUCTURE

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Infrastructure development is decidedly the fulcrum for economic development. In the light of climate change challenges, it is important to build infrastructure with an eye on sustainability, resilience and compatibility with a net-zero future.  A recent report by Infrastructure for Climate Action reveals that infrastructure is responsible for 79 per cent of all greenhouse gas …

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