AFREXIMBANK is set to expand a local currency trade initiative, the Pan-African Payments and Settlement System or PAPSS, beyond its early adopters in order to provide greater financial autonomy to African traders. This follows the successful pilot of PAPSS, billed as a project to advance intra-continental commerce transactions in local currencies, in nine countries. Afreximbank President Benedict Oramah, speaking at the 30th anniversary of Afreximbank in Accra, announced that the roll-out of PAPSS would enable the conversion of all African and Caribbean currencies on the continent. "Very soon, we will be able to domesticate all intra-Africa payments and extend the…