CBE, Eswatini Central Bank Explore PAPSS Access and Africa Gold Bank in 1 Meeting
Updated
Updated · ZAWYA · Jul 20
CBE, Eswatini Central Bank Explore PAPSS Access and Africa Gold Bank in 1 Meeting
3 articles · Updated · ZAWYA · Jul 20
Summary
CBE Governor Hassan Abdalla met Eswatini central bank chief Phil Mnisi to widen bilateral banking cooperation, with talks centered on payments, reserve-building and technical expertise.
PAPSS featured prominently as Egypt outlined its own entry into the pan-African platform and discussed how to support Eswatini's accession to speed cross-border payments and cut transaction costs.
The two sides also reviewed a CBE-Afreximbank plan for a specialized African gold bank aimed at strengthening central-bank reserves and reducing reliance on refining and trading hubs outside the continent.
Egypt further presented its currency-circulation system, banknote-printing capabilities for several African countries, and export-guarantee and training programs as areas for deeper cooperation.
The meeting fits Egypt's broader push to deepen ties with African central banks and advance continent-wide economic and financial integration.