The African Continental Free Trade Area (AfCFTA) Secretariat with support from the African Export-Import Bank (Afreximbank) will introduce mechanisms for supporting trade under the agreement.
One of such mechanisms that the Secretariat is working on with Afrximbank is the Pan-African Payment and Settlement Platform.
Mr Wamekele Mene, the Secretary General of AfCFTA Secretariat, speaking at a virtual press briefing on the Status of AfCFTA, said the Bank had agreed to provide the liquidity settlement and payment with initial amount of US$500 million. Read More.
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