Headlines AfricaDec 12
Africa: How AfrexInsure is Strengthening the Risk Mitigation Foundations of African Trade: [allAfrica] Africa's trade ambitions hinge on a simple truth often obscured by headlines about ports, power and tariffs. Trade expands rapidly when exporters, financiers and insurers have frameworks to identify, price and transfer the underlying risks. Specialty insurance - the bespoke, technically… http://newsfeed.facilit8.network/TPnD14 #AfricaTrade #RiskMitigation #AfrexInsure #InsuranceIndustry #ExportFinance
ZNet (unofficial)Jul 30, 2023

In June 2023, African countries achieved a milestone in economic independence by launching #AFREXinsure, a specialty insurance system for trade using African currencies. This move aims to promote inter-state trade within #Africa and reduce reliance on the US #Dollar and #Euro.

The initiative is part of a broader plan that dates back to 1991 when African nations sought to create a unified African economic zone and central bank.

https://znetwork.org/znetarticle/is-the-end-of-western-financial-dominance-in-africa-on-the-horizon/

Is the End of Western Financial Dominance in Africa on the Horizon?

In June 2023, African countries achieved a milestone in separating from Western financial institutions. The African Export-Import Bank (Afreximbank), in

ZNetwork