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Payments boom in East Africa indicates rise in trade flows

Published on September 06, 2017

Traffic on the global payments network Swift has grown by 20.1% in East Africa over the past year, indicating an increase in trade flows with and within the region.

East Africa has outperformed the total growth for Swift globally, which amounts to 8.2%.

The figures released by Swift this week also show that intra-regional traffic in the region is up by 19.8% compared to 2015, now accounting for 69% of payments traffic in East Africa. Read more. Source | Global Trade Review