Africa’s COMESA Launches Payment Platform to Reduce Dependence on US Dollar | Firstpost Africa

Africa’s COMESA Launches Payment Platform to Reduce Dependence on US Dollar | Firstpost Africa



African nations have found a way to trade in local currencies, which would reduce their dependency on the US dollar. The Common Market for Eastern and Southern Africa (COMESA) bloc has launched a digital payments system. The platform would allow the member nations of the economic group to settle cross-border payments in local currencies, eliminating the need to convert them into American dollars.  The group said that the new platform, called the Digital Retail Payments Platform, is starting trials between Malawi and Zambia. Kenya’s trade minister took to social media to hail the platform as a “game-changer”, adding that the initiative seeks to assist medium, small and micro enterprises and reduce the cost of transactions.

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42 thoughts on “Africa’s COMESA Launches Payment Platform to Reduce Dependence on US Dollar | Firstpost Africa

  1. The first question every African should be asking is, "who owns this digital platform"?.
    The second question, "why is Africa embracing digitisation while the citizens of the west are rejecting it"?.

  2. If African countries move completely to digital payment methods, does that mean there is no Hard Currency or Gold in a bank account or monetary reserve backing up their currency system?

  3. A pysop to get African nation familiarised with digital payment systems, before the whole worlds stock market crashes and everyone will be forced to adopt a centralised digital currency. Nothing really to see here.

  4. 2025 AMERICA AND THE REST OF THEIR PARTNERS IN CRIME STILL WONT ALLOW AFRICA TO TRIVE & BUILD THEIR COUNTRIES FOR THE GOOD OF THEIR NATIONS- TO AMERICA AND THE REST OF THE WEST – IT'S A CRIME AGAINST THEIR INTERESTS-!!!
    THE CONTINENT IF AFRICA MUST PAY MORE DO THAT WE REMAIN IN ETERNAL POVERTY-!!
    THESE WESTERN DEMONS MUST BE STOPPED-!!!!

  5. Something tells me Liberia is not on that list because they refuse to get rid of the US dollar in their country. I don’t know why there’s a dual currency system in that country. It does not doing anything but hurt the Liberian people. People would rather take US dollars than the Liberty when shopping.

  6. The whole of Africa shud join brics+ to reduce our dependence on our former colonial powers 😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎😎

  7. WORLDLY WEALTH + DIGITAL ID!!!
    Careful it's not the anchor that drags you down to the depths of Hell!👊😇✝️

    SAY NO to their 'Mark' of obedience to their Worldly system/beast! It gives Satan full control over your fleshly soul!

    Have you learnt nothing from covid?
    Trick me once, shame on you.
    Trick me twice, shame on me!

    P.S. I personally did not take their jab, nor shall I take their digital identifying 'Mark' in order to Buy & Sell!👊😇✝️

    *You Sell your time & services for pay, that's called work!

    *Buying: Let's not forget the whole QR code scanning required when Covid was on in Australia!

    This time if you don't take their vaccine, they can simply turn your Buy & Sell status Off. Or like the Truckers in Canada that had their bank accounts frozen for speaking out against the government! Not to mention instantly fined, travel restrictions or even imprisoned.

    REVELATION!👊😇✝️
    Revelation 13:16 The second beast forces all people—important and unimportant, rich and poor, free and slaves—to be marked on their right hands or on their foreheads,

    Revelation 13:17 so that no one may buy or sell unless he has the mark, which is the beast’s name or the number of its name.

    Revelation 14:11 The smoke from their torture goes up forever and ever. There is no rest day or night for those who worship the beast and its image or for anyone who receives the mark of its name.”

    IN CONCLUSION:
    (The righteous shall live by faith+:-)

    A Call for Endurance
    Revelation 14:12 Here is a call for the endurance of the saints, who keep the commandments of God and hold fast to their faithfulness in Jesus:

    Revelation Unfolding:
    https://youtu.be/LW0WL-pe5jw?si=Y3AApfIHf7UV1Hk-

    Until the end of the age:
    Philippians 1:21 For to me to live is Christ, and to die is gain.

  8. OUT OF THE FRYING PAN AND INTO THE FIRE!👊😇✝️

    Hosea 4:6 My people are destroyed because they lack knowledge of me. Because you rejected that knowledge, I will reject you as a priest for me. Since you forget the Law of your God, I will also forget your children.

  9. Hello ilove 🇺🇸 🇺🇲 companye america famle kadir adam firom 🇪🇹 ethiopia i,mberokes ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

  10. This is a bad idea, these are unstable corrupt countries that being run by brutal morons that tanks their people into oblivion.Also always end up in a civil war or go for each others throat. If one go coco they all will be cooked with devalued currencies. USD is heavily tied to oil, inflation will hit them harder than Twin Towers on September 11. 🦶🏻💀

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