The fundamental role of the private sector in accelerating the implementation of the African Continental Free Trade Area (AfCFTA) was highlighted at a high-level event jointly organized by the Economic Commission for Africa (ECA) and the Konrad Adenauer Stiftung (KAS) Office Ethiopia/AU.
The Chief Executive Officer, Pan African Payment and Settlement System (PAPSS) Afreximbank, Mike Ogbalu, has stated that African businesses lose over $5 billion every year to charges, payments and other related costs to intra-African trade barriers.
Initiative to save Nigeria, Africa $5b in transactions cost Chief Executiove Officer of Pan-African Payment and Settlement System (PAPSS), Mike Ogbalu yesterday announced that 12 banks and four switching companies have been onboarded into the platform. PAPSS is a Pan-Africa payment and settlement system will be the enabling infrastructure to spur the growth of intra-African…
1 Jan 2018
The Central Bank of Nigeria (CBN) and the Committee of E-Business Industry Heads (CeBIH) have been called on to collaborate with other stakeholders in the electronic payment industry.
8 Dec 2017
A commercial Super-Agent licence has been granted to Interswitch Financial Inclusion Services (IFIS), a subsidiary of Interswitch Group, by the Central Bank of Nigeria (CBN).