Tag: Africa

Pan-African Payments and Settlement System- The basics, what you need to know

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for AfCFTA to be effective, the cost of money transfers across the continent must be lowered. The African Union supported by the  African Export Import Bank- AfriExim ,(Bank was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade.) The bank has collaborated on the development of a Pan-African Payments and Settlement System -PAPSS a centralized payment system that will provide the infrastructure for intra Africa trade.

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Deliberate ICT policies will show the difference between winners and losers in the Africa tech space

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From the governmental perspective, the African countries that will win in the technology race and become the locations where global tech organizations want to open offices, and where startup’s want to expand to and grow in , will have to heavily engage in developing deliberate ICT policies that will provide a road map of growth and will direct the development of a systematic tech enabled environment for their citizens and investors.

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