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Financial Architecture Needs to be ‘Reengineered’ – One of AU’s Key Objectives, Prime Cabinet Secretary of Kenya Says

Financial Architecture Needs to be ‘Reengineered’ – One of AU’s Key Objectives, Prime Cabinet Secretary of Kenya Says

Sputnik Africa

Financial Architecture Needs to be ‘Reengineered’ – One of AU’s Key Objectives, Prime Cabinet Secretary of Kenya SaysWycliffe Musalia Mudavadi emphasized the... 12.02.2026, Sputnik Africa

2026-02-12T16:13+0100

2026-02-12T16:13+0100

2026-02-12T16:24+0100

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Financial Architecture Needs to be ‘Reengineered’ – One of AU’s Key Objectives, Prime Cabinet Secretary of Kenya SaysWycliffe Musalia Mudavadi emphasized the role of institutions like Afreximbank in exploring alternative payment systems to facilitate intra-Africa trade.“When you have an alternative payment system, it means that you are not necessarily trading in non-African currencies,” he told Sputnik Africa on the sidelines of the 48th Ordinary Session of the AU Executive Council. Additionally, Mudavadi reaffirmed the need to solidify multilateralism, calling it the best way to address Africa’s challenges.He also expressed confidence in President Ruto’s leadership on the African Union Reform Agenda, noting that key recommendations to strengthen multilateral institutions will be forthcoming.Subscribe to @sputnik_africa Sputnik Africa | X

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