Kenya joins Pan African payments system ushering economic stability

Kenya has officially joined the Pan African Payments and Settlement System (PAPSS), Trade Cabinet Secretary Moses Kuria has said.

Kuria on Friday, September 29, said that Kenyan companies will now be able to pay for trade transactions in local currencies.

“This means that Kenyan companies can trade with their peers from other African member states using our local currencies, a major boost for the African Continental Free Trade Area (AfCFTA),” said Kuria.

Source: Standard Media