Afreximbank steps up efforts to boost Intra-African Trade.

The African Export-Import Bank (Afreximbank) is taking various measures to address obstacles to the implementation of the African Continental Free Trade Area (AfCFTA). The bank emphasizes the importance of free movement of people and goods, urging countries to ratify the Free Movement Protocol. Afreximbank offers Tradar Intelligence, an AI-powered platform to bridge the trade information gap, and collaborates with the African Union and AfCFTA Secretariat on the Intra-African Trade Fair. They have also launched the Pan-African Payment and Settlement System (PAPSS) to streamline intra-African payments and are actively addressing the trade financing gap. Additionally, Afreximbank supports the harmonization of trade standards and the establishment of Export Trading Companies (ETCs) to empower small and medium enterprises (SMEs) in regional and global trade. [Extracted from the article]