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Gamea participates in launch of AfCFTA PAPSS
13 January 2022  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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The ceremony was held under the theme “Connecting Payments. Accelerating Africa’s Trade”.

Accra- Jan 13, 2022

Minister of Trade and Industry Nevine Gamea has taken part, on behalf of President Abdel Fattah al-Sisi, in the launching ceremony of the Pan-African Payments and Settlement System (PAPSS) of the African Continental Free Trade Agreement (AfCFTA), in Accra, Ghana.

The event was held under the patronage of Nana Akufo-Addo, president of Ghana, under the title “Connecting Payments. Accelerating Africa’s Trade”.

The brainchild of the African Export-Import Bank (Afreximbank), PAPSS enables the efficient flow of money securely across African borders, minimizing risks and contributing to financial integration across the continent, in collaboration with Africa’s central banks.

“Egypt is keen to achieve African integration and boost intra-African trade, working diligently towards the continent’s inclusion into the world trade system,” Gamea said.

The minister also held bilateral talks, on the sidelines of the event, with Vice President of Ghana Mahamudu Bawumia, Secretary General of the AfCFTA Wamkele Mene and President of the Afreximbank Benedict Oramah, as well as other senior Ghanaian government officials.

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