Africa: PAC Research Identifies Digital Innovation, Financial Reforms As Key to Closing Africa's $100bn Trade Finance Gap

Africa: PAC Research Identifies Digital Innovation, Financial Reforms As Key to Closing Africa's $100bn Trade Finance Gap

Chris Oshiafi

Africa: PAC Research Identifies Digital Innovation, Financial Reforms As Key to Closing Africa’s $100bn Trade Finance Gap

Chris Oshiafi PAC Research, one of Nigeria’s leading research outfits, has identified financial architecture, digital innovation, regulatory reforms and political commitment as critical to addressing Africa’s more than $100 billion unmet trade finance gap. The research outfit said digital payment systems, blockchain-enabled trade infrastructure, factoring and supply chain finance could significantly widen access to trade finance across the conti…

Kenya to lead talks on breaking Africa’s cross-border digital trade barriers

NAIROBI, Kenya, Aug 12 – Kenya is set to host a digital trade congress to discuss ways of easing barriers to cross-border commerce, including fragmented regulations, payment systems, logistics challenges, cybersecurity and gaps in digital trust. The Digital Trade Congress, scheduled for August 28 in Nairobi, comes as African countries move towards implementing the African Continental Free Trade Area (AfCFTA) Digital Trade Protocol, which seeks t…