Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
The high cost of sending and receiving payments from one region to another is proving to be one of the biggest challenges to trading within Africa even as the continent eyes increased commerce and investment from a free trade area.
The Africa Continental Free Trade Area (AfCFTA) is projected to increase the volume of exports in Africa by 29 percent and intra-Africa trade by 81 percent, lift over 60 million Africans from extreme poverty and raise the continent’s real income by seven percent to $450 billion by 2035.
