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5Fintech & PaymentsNewJun 25, 2026

Expert assessment dims prospects for African monetary union by 2030

Redtech COO Ugo Umeseaka has offered a sober assessment of why the African monetary union target for 2030 is unlikely to be achieved, arguing that cross-border payments infrastructure delivers more near-term economic integration than currency harmonisation. The analysis shifts focus from political currency frameworks to practical payment rails as the more actionable integration mechanism.

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