East African countries set to implement new system to write off region's cheque books

[tereweni]

East african business doing cross-border transactions have less than two years to use their cheque books after which all bulk payments in the region will be done electronically.

The EAC-payment and settlement system integration project is nearly complete, with work currently ongoing to upgrade the real time gross settlement systems of regional central banks. the project is funded by the African Development Bank(AFDB) though a grant of over $22.5M, is expected to go live in 2021.

the project will strengthern the efficiency of cross-border fund transfer across EAC countries. Implementation of the system will facilitate the phasing out of cheques , decreasethe use of cash and enable a smooth migration to electronic payments.

 

[LOVE U JF]

Unaongea biashara zipi Rwanda kafunga mipaka yake na jirani zake Uganda, Burundi sometimes anafunga mpka wake na DRC
so what are you trying 2 discuss about

 

[tereweni]

Unaongea biashara zipi Rwanda kafunga mipaka yake na jirani zake Uganda, Burundi sometimes anafunga mpka wake na DRC
so what are you trying 2 discuss about

A week ago; head of states held a meeting in Rwanda; the discussion themed border-less Africa and why it is a winner, therefore there is a possibilities of having free entrance and exit to allowing young people to migrate and invest together with strengthen collaboration among ourselves.

Kwa hivyo issue ya kufunga mipaka n.k itakuwa si issues, and remember hiyo project itakamilika 2021.