{"id":8896,"date":"2020-01-09T14:09:01","date_gmt":"2020-01-09T14:09:01","guid":{"rendered":"https:\/\/azafinance.com\/?p=8896"},"modified":"2024-07-10T14:12:54","modified_gmt":"2024-07-10T14:12:54","slug":"wef-how-the-fx-market-could-unlock-intra-africa-trade","status":"publish","type":"post","link":"https:\/\/azafinance.com\/wef-how-the-fx-market-could-unlock-intra-africa-trade\/","title":{"rendered":"WEF: How the FX market could unlock intra-Africa trade","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"<p>Elizabeth Rossiello, CEO of AZA Finance, argues that the foreign exchange (FX) market is crucial for unlocking intra-Africa trade, particularly for SMEs. She emphasizes that while Africa&#8217;s B2B spending and exports offer substantial growth potential, FX market dysfunctions hinder SMEs&#8217; ability to trade effectively. Rossiello suggests that alternative FX providers and innovative systems like the Pan-African Payment and Settlement System (PAPSS) can address these challenges by facilitating local currency use and reducing dependency on USD. Collaborative efforts between governments and private players are essential to improve financial inclusion and support intra-Africa trade growth. Read it <a class=\"waffle-rich-text-link\" href=\"https:\/\/www.weforum.org\/agenda\/2020\/01\/fx-market-could-unlock-intra-africa-trade\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>Elizabeth Rossiello, CEO of AZA Finance, argues that the foreign exchange (FX) market is crucial for unlocking intra-Africa trade, particularly for SMEs. She emphasizes that while Africa&#8217;s B2B spending and exports offer substantial growth potential, FX market dysfunctions hinder SMEs&#8217; ability to trade effectively. Rossiello suggests that alternative FX providers and innovative systems like the [&hellip;]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":4,"featured_media":8897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[569],"tags":[473,762,765,625,400,592,761,763,448,699,764,427],"class_list":["post-8896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aza-news","tag-aza-finance","tag-b2b-spending","tag-cross-border-trade","tag-economic-growth","tag-elizabeth-rossiello","tag-financial-inclusion","tag-foreign-exchange-market","tag-fx-market-dysfunction","tag-intra-africa-trade","tag-local-currencies","tag-pan-african-payment-and-settlement-system-papss","tag-smes"],"acf":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/posts\/8896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/comments?post=8896"}],"version-history":[{"count":0,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/posts\/8896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/media\/8897"}],"wp:attachment":[{"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/media?parent=8896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/categories?post=8896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/tags?post=8896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}