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PAPSS offers a cost-effective solution for businesses to conduct transactions in local African currencies, promoting economic integration and cooperation across the continent.
Ncube called for the global financial architecture to be reformed to make it responsive to the needs of the continent and other developing countries in general.
Speaking on the second day of the workshop on Wednesday, Hartzenberg explained that intra-African trade remains low, accounting for only 15-16% of Africa’s total exports.
Scheduled for December 4, 2024, at HIT, the seminar aims to analyze the relevance of the 2025 budget in the context of SME growth, formalization, and sustainability.
AfCFTA, a free trade area expected to lift 100 million Africans out of poverty, is the world’s largest trading bloc since the establishment of the World Trade Organisation.