Ruto urges banks to join pan-African payment system

Kenya's President William Ruto. 

Photo credit: Reuters

Kenyan President William Ruto is urging commercial banks to expedite plans to sign on to the Pan-African Payments and Settlement Systems (Papss) to avoid using the dollar.

The Papss agreement signed on September 29, 2023, features Kenya, Djibouti, Ghana, Guinea, Liberia, Nigeria, Sierra Leone, The Gambia, Zambia and Zimbabwe.