Integration bottlenecks hinder Africa's potential :: Mmegi Online

Experts at the ongoing SWIFT regional conference say difficulties in moving money, people and goods easily and at the lowest cost across Africa, are holding the continent back from taking a greater share of global wealth.

SWIFT, a global cooperative providing a platform for financial institutions to send and receive information on financial transactions, is holding its 20th African Regional Conference in Gaborone until Thursday.

This year, the organisation, which has more than 10,000 financial institutions and corporations in 212 countries, is focusing on how to maintain Africa's momentum as one of the world's fast growing regions.Yesterday, experts pointed out that while African states had made great strides for connectedness across borders and greater financial inclusion among their individual populations, these efforts still lagged behind other competing continents.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.