K254 AFCFTA Business Review

The Central Bank of Kenya finally signed Transactional  instruments that have made Kenya join the Pan African Payments and Settlemt System (PAPSS) . Kenya's Ministry of Industry, Trade & Investment,Cabinet Secretary -CS Moses Kuria announced on Friday,29th September 2023.  This move 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). What PAPSS means for African markets: Governments and central banks partnering with PAPSS benefit from: 1.easing the pressure on current accounts and demands for foreign exchange liquidity.  2. Increased transparency of cross-border trade activity, bringing greater oversight of cross-border transactions and increased potential to generate revenue. 3. Enhanced financial inclusion opportunities and improved economic growth through intra-African trade.

Big Industrial Game Changers Exhibited at the International Indo Africa B2B Investment & Trade Expo  by Quickmarc Kenya ltd at the KICC_Nairobi, Kenya Namely:  1.Kay Pee Corporation -a lead Manufacturer & Supplier of:  -Distribution Transformers, -Oil Cooled Distribution Transformer 11111, -Three Phase LT Transformers,  -Control Transformer, -Compact Substation, -Inductors, -Air Cooled Distribution Transformer, -Resin Cast Distribution Transformer, -Instrument Transformer, -Auto Transformer For Motor Starters  and many More!  All have a capability of Transforming Electric Energy from Lower to  higher or Higher to Lower Usable Energy especially  415V to 33,000 Kv <> 33,000 Kv to 415V Or 415V to 11,000 Kv <> 11,000Kv to 415V Eng. Majarik, Energy Auditor broke down the process for us.  NB: The specifications are tailor made to suit our clients needs for all industries including both small scale, homes & large scale e.g Factories, Malls,Hotels, Governme

Digital Financial Inclusion in the AfCFTA Quest for One African Market As the African Continental Free Trade Area (AfCFTA) gains momentum, a powerful ally emerges to shape its success: digital financial inclusion. The transformative impact of digital payments on lives, societies, and economies cannot be overstated. The Better Than Cash Alliance, in collaboration with the African Union Commission and the AfCFTA Secretariat, is spearheading an effort to make digital payments responsible, ubiquitous, and a driving force in realizing Africa’s economic promise. Digital financial services, particularly digital payments, have already demonstrated their ability to reshape the African landscape. The urgency to foster responsible and widespread digital payments is both a challenge and an opportunity that holds immense potential for unlocking the continent’s economies. When executed responsibly, these digital transactions hold the key to unleashing Africa’s economic prowess. True digi