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Dr. Robert Ochola of the AfricaNenda Foundation is advocating for interoperable instant payment systems across Africa. He argues that seamless cross-border financial infrastructure is essential for the success of the African Continental Free Trade Area and broader industrial growth.
Why it matters
Improving financial connectivity is a prerequisite for scaling intra-African trade and reducing the continent's reliance on external payment gateways.
AfricaNenda Foundation Chief Executive Officer Dr. Robert Ochola has called for the development of interoperable instant payment systems across Africa as a critical foundation for accelerating industrial transformation and strengthening intra-African trade.
Speaking at the Ministerial Policy Dialogue on “Financing Africa’s Industrial Transformation in a Changing Global Environment” held in Abidjan, Côte d’Ivoire, Dr. Ochola emphasised that Africa’s industrial growth agenda must pay greater attention to how money moves across the continent.
He argued that efficient, inclusive and scalable payment infrastructure will be essential for enabling businesses to participate fully in the African Continental Free Trade Area (AfCFTA) and supporting the expansion of cross-border commerce.
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