Africa: A continent of contrasts

Key Takeaways:Intraregional trading relationships developed to manage COVID supply chain challenges and geopolitical disruption are positioning African countries for growthRising interest rates make imports more expensive; efforts to reducing reliance on the euro and the US dollarRegional trade and currency unions spur more local producing and tradeIncreased digitalization offers access to financial infrastructure, and even more important: education for young and growing populationLiberalization in monetary policies as some tensions easeLeaning toward democracy; new leaders educated abroad returning to AfricaNew investment from corporates in the region  - taking a chance on the promise of growth  ------------------The opinions expressed on FX in Focus are those of the speakers only, and do not necessarily reflect the views of Corpay Inc.