{"id":52803,"date":"2025-03-20T23:15:19","date_gmt":"2025-03-20T23:15:19","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa"},"modified":"2025-04-29T23:02:08","modified_gmt":"2025-04-29T23:02:08","slug":"africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa","title":{"rendered":"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Africa is making a significant stride toward financial integration with the launch of the by the Pan-African Payment and Settlement System (PAPSS).<\/b> This innovative platform is set to facilitate direct currency exchanges across the continent, reducing reliance on the US dollar and fostering a unified African capital market.<\/p>\n

In an exclusive discussion on this development, Stan Ze\u0301ze\u0301, CEO & Chairman of Bloomfield Investment<\/b>, shared insights into the impact of this initiative on Africa\u2019s financial landscape.<\/p>\n

Ze\u0301ze\u0301 highlighted how the could enhance liquidity and stabilize currencies within African markets. He also addressed the challenges associated with implementing such a system, citing the need for robust financial infrastructure and regulatory alignment among participating nations.<\/p>\n

The initiative could also serve as a catalyst for the establishment of a unified African capital market. Ze\u0301ze\u0301 emphasized the crucial role of private rating agencies, such as Bloomfield, in providing credible assessments of financial risks and ensuring investor confidence. He argued that independent agencies offer unbiased ratings, contrasting with the African Union\u2019s proposal for a publicly controlled agency, which might raise concerns over impartiality.<\/p>\n

Zimbabwean Inventor Unveils Self-Powering Car<\/b><\/p>\n

In what could be a revolutionary breakthrough in renewable energy, a Zimbabwean inventor claims to have developed a vehicle that generates its own electricity, eliminating the need for fuel or external charging. The technology reportedly harnesses the sun\u2019s radio waves to produce power, a concept reminiscent of Nikola Tesla\u2019s early vision.<\/p>\n

While full technical details are yet to be disclosed, the invention has sparked excitement and curiosity in the scientific community. If proven viable, this innovation could significantly advance sustainable energy solutions, particularly in regions struggling with power shortages. Keith Baptist<\/b> reports on the development, with experts calling for further research and investment to validate and potentially scale this technology.<\/p>\n

Nigerians Spend 59% of Income on Food Amid Cost-of-Living Crisis<\/b><\/p>\n

A new report by reveals that Nigerians are spending a staggering 59% of their household income on food, highlighting the country\u2019s deepening economic crisis. Rising inflation, currency devaluation, and supply chain disruptions have contributed to soaring food prices, placing a heavy financial burden on citizens.<\/p>\n

Economic analysts stress that addressing insecurity and supporting local farmers are key measures to reducing food costs. Many farmers face challenges such as banditry, poor infrastructure, and limited access to credit, all of which hinder production and distribution. Experts urge the Nigerian government to implement policies that promote agricultural investment and stabilize the nation\u2019s economy.<\/p>\n

As the crisis persists, many Nigerians are forced to make difficult financial choices, underscoring the urgent need for sustainable solutions to improve food security and overall economic stability.<\/p>\n

For More News And Analysis About Mauritius<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Africa is making a significant stride toward financial integration with the launch of the by the Pan-African Payment and Settlement System (PAPSS). This innovative platform is set to facilitate direct currency exchanges across the continent, reducing reliance on the US dollar and fostering a unified African capital market. In an exclusive discussion […]<\/p>\n","protected":false},"author":84,"featured_media":52802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[2718,5924,277,241,390,770,1609],"class_list":["post-52803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-african-economy","tag-electric-cars","tag-food","tag-mauritius","tag-money","tag-nigeria","tag-zimbabwe"],"yoast_head":"\nAfrica advances toward financial integration with new currency exchange marketplace{Business Africa} - Mauritius<\/title>\n<meta name=\"description\" content=\"Africa is making a significant stride toward financial integration with the launch of the by the Pan-African Payment ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}\" \/>\n<meta property=\"og:description\" content=\"Africa is making a significant stride toward financial integration with the launch of the by the Pan-African Payment ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-20T23:15:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-29T23:02:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}\",\"datePublished\":\"2025-03-20T23:15:19+00:00\",\"dateModified\":\"2025-04-29T23:02:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa\"},\"wordCount\":461,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg\",\"keywords\":[\"African economy\",\"Electric cars\",\"food\",\"Mauritius\",\"Money\",\"Nigeria\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa\",\"name\":\"Africa advances toward financial integration with new currency exchange marketplace{Business Africa} - Mauritius\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg\",\"datePublished\":\"2025-03-20T23:15:19+00:00\",\"dateModified\":\"2025-04-29T23:02:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Africa is making a significant stride toward financial integration with the launch of the by the Pan-African Payment ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg\",\"width\":1024,\"height\":538,\"caption\":\"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mauritius\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/\",\"name\":\"Mauritius\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mauritius\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Africa advances toward financial integration with new currency exchange marketplace{Business Africa} - Mauritius","description":"Africa is making a significant stride toward financial integration with the launch of the by the Pan-African Payment ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa","og_locale":"en_US","og_type":"article","og_title":"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}","og_description":"Africa is making a significant stride toward financial integration with the launch of the by the Pan-African Payment ...","og_url":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa","og_site_name":"Mauritius","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2025-03-20T23:15:19+00:00","article_modified_time":"2025-04-29T23:02:08+00:00","og_image":[{"width":1024,"height":538,"url":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}","datePublished":"2025-03-20T23:15:19+00:00","dateModified":"2025-04-29T23:02:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa"},"wordCount":461,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg","keywords":["African economy","Electric cars","food","Mauritius","Money","Nigeria","Zimbabwe"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa","url":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa","name":"Africa advances toward financial integration with new currency exchange marketplace{Business Africa} - Mauritius","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mauritius\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg","datePublished":"2025-03-20T23:15:19+00:00","dateModified":"2025-04-29T23:02:08+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Africa is making a significant stride toward financial integration with the launch of the by the Pan-African Payment ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#primaryimage","url":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg","contentUrl":"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/03\/sm_1742502357.202032.jpg","width":1024,"height":538,"caption":"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mauritius\/all-news\/africa-advances-toward-financial-integration-with-new-currency-exchange-marketplacebusiness-africa#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mauritius\/"},{"@type":"ListItem","position":2,"name":"Africa advances toward financial integration with new currency exchange marketplace{Business Africa}"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mauritius\/#website","url":"https:\/\/www.africa-press.net\/mauritius\/","name":"Mauritius","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mauritius\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts\/52803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/comments?post=52803"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/posts\/52803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/media\/52802"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/media?parent=52803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/categories?post=52803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mauritius\/wp-json\/wp\/v2\/tags?post=52803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}