Afreximbank’s Central Africa Regional Office this week convened a high-level workshop in Douala focused on strengthening regional trade payment systems and enhancing compliance frameworks across Central Africa.
The event brought together over 50 senior executives from major banks across the region to examine the bank’s Trade Payment Services platform (AfPAY) and its compliance protocols. The initiative is part of Afreximbank’s broader effort to drive efficient, secure, and African-led trade solutions.
AfPAY has become a key infrastructure in the continent’s trade finance landscape, connecting more than 400 banks and facilitating seamless access to global markets. In 2024, the platform enabled USD 32 billion in trade settlements and expanded its offering of deposit and payment services tailored to institutional client needs.
Alongside the payments platform, the workshop highlighted Afreximbank’s Compliance Framework, which incorporates robust know-your-customer (KYC) procedures, risk-based due diligence, and Authoritative Legal Entity Identifier (ALEI) protocols. These measures are designed to increase transparency and financial integrity in cross-border transactions.
The workshop also served as a platform for knowledge exchange, with presentations from subject matter experts on regulatory practices and the evolving demands of trade finance compliance.
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The event also reflects Afreximbank’s continued investment in building the technical and regulatory capacity of African financial institutions to support sustainable trade growth across the continent.
