Kenyan President, Ruto, calls for single currency to facilitate trade at Heads of State Summit

[...]President of Kenya, William Samoei Ruto, has called for a resolution on possibilities of using a single currency in trade facilitation in Africa to eliminate obstacles posed by varying currencies.

Ruto observed that the region lacked a single system that seamlessly facilitated trade among nations, eliminating the obstacles posed by varying currencies.

He said this on Thursday in Lusaka at the 22nd COMESA Heads of States and Government Summit under the theme: “Economic Integration for a thriving COMESA anchored on Green Investment, Value Addition and Tourism.”

“It is also imperative that we proactively seek a resolution to the disparities in currencies and the consequential impediments it poses to intra-African trade. Trade cannot take place without efficient and unified payment systems.[...]
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