Kenya revives push by African nations to ditch the dollar
President William Ruto making his remarks during the African private sector dialogue conference on the African Continental free trade area (AFCFTA) at Safari Park Hotel, Nairobi on May 29, 2023. PHOTO | LUCY WANJIRU | NMG
Kenya's President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the continent.
Dr Ruto has urged his peers in Africa to mobilise central and commercial banks to join Pan-African Payments and Settlement System (PAPSS) which was launched in January 2022.
