Kenya to host Pan African Payment System - SABC News - Breaking news, special reports, world, business,

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The AU Summit in Ethiopia next year will finalise this important agreement.

File Image: Kenya's President William Ruto attends the Sustainable Development Goals Summit at United Nations headquarters in New York City, New York, US, September 18, 2023.This is aimed at fast-tracking trade among African countries.Kenyan President William Ruto says this is in line with the African Continental Free Trade Area agreement.

“How do we marry the efficiency of our trade which happens in different currencies and in the Africa Heads of State Assembly in February next year, we will be adopting the Pan African Payment System that has been crafted by African banks as the instrument that is going to allow this continent trade in our local currencies,” adds Ruto.

 

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