5 results for “cross-border”
Cross-border payment infrastructure is moving from a fintech convenience to a core layer of African trade and investment, with new analysis arguing that cheaper, faster settlement is central to unlocking the continent's growth potential.
Niger has banned exports of petrol and diesel, a move that tightens regional fuel supply and affects the cross-border trade that has long moved petroleum products between Niger and its neighbours, including Nigeria.
Nigeria, Benin and Cameroon have aligned with Afreximbank on a border modernisation programme designed to cut delays at key crossing points and lift trade among the three neighbours.
Central Bank Governor Olayemi Cardoso has met People's Bank of China chief Pan Gongsheng in Bangkok and plans a Beijing visit to advance cross-border payments, settlement arrangements, financial technology and trade finance between both countries.
The National Bank of Ethiopia and PAPSS announced Ethiopia's entry into the continental payments network, enabling local banks to settle cross-border transactions in African currencies without routing through dollar or euro corridors.