SA President Ramaphosa punts single African currency at crucial AU Summit

South African President Cyril Ramaphosa on Tuesday strongly punted the idea of creating a single homogeneous currency for African countries in a bid to attract infrastructure investment and enable ease of intra-African trade. Speaking as a panelist on financing intra-Africa trade at the African Continental Free Trade Area business forum in Kigali, Rwanda, Ramaphosa said that it was time that Africa stops relying on foreign currency for its development and trade, adding that this was born of colonial mentality.