CNBC: Cross-Border Payments are Still Costing Businesses in Africa Too Much

In a CNBC contributor article, AZA Finance founder and CEO Elizabeth Rossiello argues that cross-border payments in Africa remain unnecessarily expensive, even as the continent emerges as one of the world’s fastest-growing economic regions. Drawing on data from the African Development Bank and IMF, she highlights Africa’s rapid population and GDP growth, but stresses that outdated policies, limited financial partners, and external perceptions continue to burden businesses with high costs. Elizabeth calls for direct African-to-African currency exchange, greater choice in financial services, and investment that supports African businesses and employees. She underlines that fintech innovation is already reshaping the continent’s payments landscape, and that reducing costs will unlock Africa’s full economic potential.

Read the full article on CNBC Africa here.