It is one of the great paradoxes of African trade: Africa pays Africa in dollars! The continent counts more than 40 currencies, yet it is a foreign one that settles most of its trade. Before the launch of PAPSS, over 80% of cross-border payments originated by African banks were cleared and settled outside the continent, […]

The NAFAD Consensus of Abidjan and what it really means for investors, institutions and African sovereignty On 9 April 2026, the African Development Bank brought together Africa’s entire financial ecosystem under a single coordinated architecture. Central bank governors, sovereign wealth fund leaders, heads of regional development banks, institutional investors and government representatives adopted a founding […]