TRADE WATCH

Afreximbank sets up pan-African payment system to spur trade

Afreximbank sets up pan-African payment system to spur intra-continental trade: African economies could save more than USD 5 bn per year in transaction costs thanks to a new platform from the African Export-Import Bank (Afreximbank), Ghanaian President Nana Akufo-Addo said at the platform’s launch, according to an Afreximbank statement. The Pan-African Payment and Settlement System…