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Much awaited game changer for the African business community simplifies lengthy procedures, bolsters the economy, and encourages regional integration

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3 years ago

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economy

Enhancing Trade Efficiency with Single Window Solutions

CAIRO, Egypt, November 13, 2023/APO Group/ — 

Overview

Trade in Africa has become a popular talking point; with infrastructural, innovation and technical challenges dogging the process, impacting economic growth, thwarting intra-country business, and slowing the development of regional economic corridors.

It has become clear that a sustainable trade environment is needed to boost trade, which is currently low in comparison to international trade.

The African Continental Free Trade Area (AfCFTA) came into force in May 2019 and promises to be transformative for the continent, fostering and supporting intra-continental trade through providing broader and deeper economic integration across the continent and attracting investment, boosting trade, providing better jobs, reducing poverty, and increasing shared prosperity in Africa.

Measures need to be introduced to ease trade facilitation in a harmonious and efficient manner that provides long-term economic growth and positive social welfare.

Demystifying Single Windows – a game changer that will speed up the trade process

Whilst intra-Africa trade has enjoyed the spotlight in the past few years, equally, much has been said about Single Window Solutions as a means of easing the trading process. But what exactly does this mean?

The United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) Recommendation Number 33 addresses it by “recommending to Governments and Traders the establishment of a “Single Window”, whereby trade-related information and/or documents need only be submitted once at a single-entry point to fulfil all import, export, and transit-related regulatory requirements.” Additionally, it is defined as “a facility that allows parties involved in trade and transport to lodge standardized information and documents with a single-entry point to fulfill all import, export, and transit-related regulatory requirements.” This digital platform is a paperless framework that will enhance business processes that facilitates trade in a sustainable manner. Called a “Single Window” because it centralizes all information and procedures related to import, export, and transit of goods in a country, it has been proven to cut customs clearance times and improve trade and transparency.

It is thus way more than a technical product, rather it is a process that will revolutionize the facilitation, tracking, tracing, and securing of all the trade operations through a declarative framework.

For public authorities and Government agencies, Single Window Solutions are becoming crucial to foster intra-African trade and improve transparency and ethical corporate governance

Leveraging expertise for seamless integration for the business community “on the go”

Single Window will create a New Trade Community around a Unique Pay Slip concept mobilizing and securing public revenues. It is an ease of trade with full integration of trade processes and logistics and thus will support the creation of economic corridors and regional trade integration.

With its global footprint and nearly 200-year legacy of testing, inspection and certification, French giant Bureau Veritas, an expert in Single Windows concessions, has become well versed with the framework, working with Governments to increase efficiency. A business to business to society company, Bureau Veritas supports customers across the continent to comply with international standards and best practice business processes, regulatory compliance measures, Verification of Conformities (VoC), risks assessments and providing trust between Government authorities and partners; whilst operating as a trusted, independent Third Party. A recent project in the Democratic Republic of the Congo, has made major impact on the trade community, with the World Bank declaring the company’s National Single Window a state-of-the-art illustration of a successful project.

Stéphane Gaudechon, Vice-President Market Leader Government Services for Bureau Veritas commented: “We assist companies to comply with regulatory standards in support of import and export trade within and outside of Africa. Our solid technical infrastructure and professional expertise provides a secure foundation for the Single Window digital platform, which centralizes all information and procedures relating to import, export, and transit of goods in a country, thus facilitating intra Africa trade.”

The Single Windows concept is transferable to various typologies from Maritime Single to Port Community system, Trade Single Window and National Single Window applications. The framework is adaptable to suit the needs of clients and is a groundbreaking process, totally changing the way of facilitating trade for the business community.

According to Stéphane Gaudechon, Single Window is rolled out through an interconnected process, “The system is deployed in a country at the border post depending on the specific area that is covered. Our business processes are relevant for all types of Single Windows – from pre-customs to cargo, dealing with interoperability customs, customs’ post-operations all the way to the final customer. We have robust expertise and experience in all domains – from operations to governance and change management – areas of excellence required to roll out the framework effectively and efficiently. Single Windows requires a regional approach as the framework is geared towards facilitating trade amongst various areas. Since it is a concept, no certification as such is required and does not belong to any TIC body per se.”

Turning challenges into opportunities for growth and development

Whilst countries have different interconnectivity, infrastructural, and technology maturation levels within and with one another, the lack of interconnectivity between the regions, sectors, people, teams, and skills can provide challenges. This, however, poses the opportunity for growth and development of a new business community with many different stakeholders working together, who may not traditionally be accustomed to discussing and aligning on business and trade solutions to create a common good.

It is anticipated that the Single Window Solution will ultimately become a “must have” trade vehicle for countries. Recently, the International Maritime Organization FAL 44th Session of the Facilitation Committee has declared it a mandatory requirement for countries with coastlines who partner with the IMO and are competitive in the international trade arena, to implement a Maritime Single Window solution. “The system, with its Unique Payment digital platform provides a harmonized information integration in a single point of entry to plug and play, simplifying and automating trade processes and thereby creating a New Trade Community within the Maritime sector. It can reduce a 40-day document clearance process to one day maximum,” enthuses Stéphane Gaudechon.

The benefits speak for themselves: for Governments, a more effective and efficient deployment of resources, improved trader compliance, correct revenue yield, enhanced security, increased integrity, and transparency. For traders: cutting costs through reducing delays and faster clearance and release, a predictable application and explanation of rules, a more effective and efficient deployment of resources and increased security and transparency. As a “green process” it is paperless and accelerates operations, yielding improved results and more sustainable parameters in the long term. Stemming from digitalization, it has become known as a “One stop shop” as it secures the entire trade process on a centralized digital platform in a secure manner. Providing clearing permits, being interconnected with customs before and after the transaction, transparent yet providing all the requisite information for trade and Government. This cutting-edge innovation is where Bureau Veritas is a leader in the field.

For public authorities and Government agencies, Single Window Solutions are becoming crucial to foster intra-African trade and improve transparency and ethical corporate governance. Collaborating with the appropriate professional experts to roll out the frameworks will encourage trust, desrisking, upholding of ethics, facilitation of supply chain values and sustainable practices. This in turn will spark much-needed Foreign Direct Investment (FDI) on the Continent. Various authoritative bodies, including the United Nations have declared Single Windows an imperative solution to boost and secure intra-African trade. It has become an increasing practice on the continent and is successfully making a difference to more Government bodies, authoritative bodies, and companies. The World Bank has recently endorsed Single Window Solutions managed by Bureau Veritas. The company is in the unique position to deploy all the elements required for the successful implementation of Single Windows Solutions in Africa – professional expertise, innovative technology, sustainable green practices, change management and business process skills, a trusting and ethical framework that will help shape the future of trade on the Continent.

Adopting the Single Window Solution is a journey involving change management and an appetite for “on the go” speedy business processes that save time and money. It needs to be viewed from a long-term perspective with stakeholders committed to working together synergistically in a mutually beneficial manner. It promises to improve regional integration, infrastructural development, and open economic corridors, necessitating smooth co-ordination between countries. Single Window lies at the heart of trade facilitation as it drives Traders to new channels with simplified procedures. On a continent that is ripe for trade and excited to enhance economic prosperity, Single Window provides a new paradigm, reaching beyond processes by streamlining new rules and parameters.

Distributed by APO Group on behalf of Bureau Veritas.

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PhotonPay Raises $40M Series C to Scale Its Stablecoin-Centric Financial OS

Published

2 days ago

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October 30, 2026

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Financial OS

Led by Blockchain Capital, the funding will accelerate the expansion of PhotonPay’s stablecoin-centric Financial OS, connecting stablecoin liquidity with global fiat networks to unlock digital assets for everyday corporate operations and cross-border settlement.
HONG KONG SAR – Media OutReach Newswire – 29 October 2026 – PhotonPay today announced the closing of a $40 million Series C funding round led by Blockchain Capital, with participation from new investor SBI Group and follow-on investments from existing investors IDG Capital, GL Ventures, and Lightspeed Faction. Blacksheep Technology acted as exclusive financial advisor to PhotonPay on the transaction.

 




 
 

The new capital will support the expansion of PhotonPay’s stablecoin-centric Financial Operating System (Financial OS), with investment focused on enhancing multi-asset wallet capabilities, expanding global card issuing, strengthening local clearing infrastructure in key markets, and developing an agent-ready financial execution layer.

As of August 2026, PhotonPay’s annualized transaction volume reached US$65 billion. The company has secured 34 payment and financial licenses and regulatory authorizations across the Americas, Europe and Asia, and serves over 200,000 business customers across more than 200 countries and territories.

As stablecoins move beyond crypto-native use cases into corporate treasury, settlement and commercial spending, PhotonPay sees the next phase of global finance not as a choice between stablecoins and fiat currencies, but as the convergence of both. Its Financial OS connects on-chain liquidity with the banking, clearing and card networks businesses rely on for everyday operations.

“Moving money across borders in seconds means little if it still takes days to put that capital to work,” said Lewison Chen, Founder and CEO of PhotonPay. “Stablecoins are accelerating global money movement, while local clearing and global card issuing connect that liquidity to local settlement and everyday business spending. Our Financial OS brings these capabilities together, making the underlying infrastructure far less visible to businesses, even as it becomes more essential than ever.”

“At the same time, business software is becoming increasingly autonomous,” Chen added. “AI is shifting financial workflows from people manually operating fragmented tools toward systems that understand business intent and coordinate execution across assets, accounts and financial rails. That creates the foundation for agentic commerce. Stablecoins change how money moves. AI changes how it gets put to work. But commerce is still what money is for.”

Moving Money Across Assets and Markets

PhotonPay’s Financial OS brings together multi-asset wallets, global money movement, foreign exchange, local clearing, and global card issuing through an integrated API-first architecture. This unified system gives businesses access to the financial capabilities they need to manage and deploy funds across markets.

Stablecoins sit at the core of this architecture. PhotonPay’s multi-asset wallet connects stablecoin liquidity with fiat balances, integrating asset conversion, foreign exchange, and local clearing into a single connected workflow. This enables businesses to move funds across supported on-chain and traditional financial networks, turning digital asset liquidity into purchasing power for local payments and everyday corporate spending.

Supporting this dual-rail infrastructure is PhotonPay’s established global financial network. Businesses can open local collection accounts in 17 key markets and receive funds in more than 60 currencies. On the payout side, the network supports over 100 payment routes across local clearing systems, bank transfers, and digital wallets, including payouts to 74 major local e-wallets. Approximately 97% of payout transactions reach recipients within hours or on the same day, with 68% arriving in real time.

Global card issuing extends these capabilities into programmable business spending. Through PhotonPay’s APIs, businesses and platforms can issue virtual and physical cards, configure granular spending controls, and embed card payments directly into their software and automated workflows. Over the past 12 months, PhotonPay issued 4.4 million cards, up 275% YoY.

Beyond its first-party payment solutions, PhotonPay makes its infrastructure available through embedded finance, enabling technology platforms to natively integrate global accounts, payments, and card issuing into their own products. The company now serves more than 100 enterprise and platform partners, extending the reach of its Financial OS into industry-specific workflows.

From Financial Intent to Agentic Commerce

As AI agents assume active operational roles, financial infrastructure must evolve beyond API access to enable programmable, policy-governed execution. It requires systems capable of translating high-level instructions into coordinated financial actions, with deterministic controls governing how those actions are executed.

In May 2026, PhotonPay and Mastercard completed a live agentic payment demonstration using a tokenized PhotonPay card, validating AI-initiated transactions across existing global card networks.

Building on this milestone, PhotonPay is developing standardized financial interfaces designed for developers and AI agents. With planned support for the Model Context Protocol (MCP), PhotonPay aims to make account information, balances, card functions, and payments accessible as composable financial primitives, allowing AI agents to securely retrieve context and initiate financial workflows within defined authorization boundaries.

To govern this agent-ready layer, PhotonPay is developing a policy-based execution framework designed to enforce programmable authorization rules, spending limits, and transaction-level controls. The framework is intended to enable AI agents to coordinate financial tasks across supported accounts and assets, while ensuring that execution remains subject to explicit, enforceable policies set by businesses.

PhotonPay is also advancing its AI-assisted risk review capabilities, designed to identify complex cases for human assessment. Together, these initiatives reflect a foundational principle of autonomous finance: AI may interpret intent and coordinate tasks, but financial execution must remain governed by verifiable authorization, deterministic controls, and auditable records.

“Connecting financial networks is only the beginning. The real breakthrough is abstracting that complexity behind a unified, programmable financial layer, so businesses and AI agents can move from intent to execution within clearly defined boundaries,” said Chen.

Simple on the Surface, Deep by Design

The promise of a Financial OS is simplicity: enabling businesses to manage assets, route money, and execute payments through a unified financial operating layer. Yet delivering that simplicity requires deep financial infrastructure beneath the surface.

While stablecoins accelerate borderless value transfer, turning that liquidity into local settlement, supplier payments, and corporate spending still depends on established banking relationships, domestic clearing rails, foreign exchange infrastructure, and global card networks. Each market brings its own regulatory and operational requirements.

For PhotonPay, building a Financial OS means abstracting these fragmented global networks into a programmable, interconnected financial system. The objective is not to eliminate financial complexity, but to manage it within the underlying infrastructure, so businesses can operate without having to navigate these systems themselves.

“AI can simplify how businesses interact with financial services, but it cannot replace the infrastructure required to deliver them,” said JP Pi, Chief Compliance Officer at PhotonPay. “Establishing local financial capabilities takes years of investment, institutional partnerships, and regulatory engagement. Software or AI models alone cannot replicate that depth. The simplicity businesses experience is the result of that heavy lifting, not a substitute for it.”

PhotonPay has engineered a financial foundation spanning both stablecoin and fiat rails, connecting multi-asset conversion with local clearing networks. Institutional partnerships with J.P. Morgan, Standard Chartered, and DBS, alongside connections to domestic payment systems such as Brazil’s Pix and Mexico’s SPEI, form the backbone of this network.

The new capital will enable PhotonPay to strengthen its local clearing and compliance infrastructure in existing markets while expanding into new jurisdictions, scaling the reach of its Financial OS across corporate spending, embedded finance, and agentic commerce.

“Businesses want one provider that can handle their payments across currencies and markets, whether they’re using bank transfers, stablecoins or cards. Lewison and his team have spent a decade building the banking relationships, licenses and local payment infrastructure to deliver that. We believe PhotonPay’s ability to bring these capabilities together gives it a strong advantage as businesses adopt stablecoins for everyday payments.” – BCAP，Yuanhan Li，Partner

“As stablecoins become increasingly integrated into global payment systems, bridging digital assets with traditional financial infrastructure will be essential to unlocking their real-world potential. PhotonPay’s established global payment network and its vision for a stablecoin-centric Financial OS align closely with SBI Group’s strategy to advance digital financial infrastructure and expand the practical adoption of digital assets. We look forward to supporting PhotonPay’s continued growth and exploring opportunities for strategic collaboration across the SBI Group ecosystem.” – Eiichiro So, CEO & Managing Director of SBI Ven Capital
 




 

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Hainan economic, trade delegation visits Hong Kong for investment promotion, 2 cooperation memoranda signed

Published

2 days ago

on

October 30, 2026

By

Hong Kong

HONG KONG SAR – Media OutReach Newswire – 29 October 2026 – From October 19 to 20, an economic and trade delegation from Hainan Province paid a visit to Hong Kong. The delegation signed memoranda of cooperation respectively withThe Chinese Manufacturers’ Association of Hong Kong (CMA)and the Federation of Hong Kong Industries (FHKI) to advance pragmatic cross-border collaboration between Hainan and Hong Kong in trade and investment, manufacturing industrial chains and professional services.

 




 
 

During its stay in Hong Kong, the delegation visited the CCPIT Representative Office in Hong Kong. It held discussions with CMA and co-hosted the Hainan Free Trade Port (Hong Kong) Economic and Trade Cooperation Exchange Meeting with FHKI. The event showcased the policies, key industrial layout and investment opportunities of the Hainan Free Trade Port (FTP), and arranged one-on-one business matchmaking between Hainan and Hong Kong enterprises.

Wang Yuyuan, Vice President of the China Council for the Promotion of International Trade Hainan Sub-council (CCPIT Hainan) and China Chamber of International Commerce Hainan Chamber of Commerce, noted that since the official launch of island-wide special customs operations at the Hainan FTP on December 18, 2025, 174,000 new enterprises have been registered, representing a year-on-year surge of 95.9 percent. Newly established foreign-invested enterprises rose by 35.8 percent year on year. In the first half of this year, inbound and outbound tourist arrivals exceeded 70 million, up 28 percent year on year, with the number of visa-free entry countries expanding to 88. From January to August, the province’s total goods import and export volume hit 250 billion yuan, growing by 61.5 percent year on year. Hainan is rapidly emerging as a critical gateway connecting China with the rest of the world and a prime channel for two-way investment.

According to CCPIT Hainan, Hong Kong ranks as a major source of foreign investment for Hainan. In the first half of this year, Hainan registered 1,303 new foreign-invested enterprises, an increase of 38.62 percent year on year, with Hong Kong-funded enterprises accounting for the lion’s share. Hainan has issued offshore RMB local government bonds in Hong Kong for four consecutive years, with a cumulative issuance volume reaching 18 billion yuan.

CMA is one of Hong Kong’s most representative non-profit industrial and commercial bodies, with around 3,000 member enterprises. It has long provided members with business services including exhibitions, brand promotion, testing and certification. FHKI, one of Hong Kong’s four major chambers of commerce, has approximately 2,000 corporate members. It focuses on boosting the sustained development of Hong Kong industry and manufacturing through policy advocacy, business matchmaking, certification services and youth talent cultivation.

The two memoranda explicitly stipulate that the two sides will establish a regular liaison mechanism, build a long-term cooperation platform covering information sharing, business matchmaking, exhibition collaboration and professional services, and provide solid support for pragmatic business cooperation between Hainan and Hong Kong enterprises.

Source: China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan)

 
 




 

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Africa gains governance momentum in the 2026 Chandler Good Government Index, but sustaining progress is the real test

Published

2 days ago

on

October 29, 2026

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Africa

Across Africa, average scores improved in six of the seven CGGI pillars over the past year, with the strongest gains in Helping People Rise and Financial Stewardship

This signals that stronger government capabilities are beginning to translate into tangible improvements in people’s lives

KIGALI, Rwanda, October 29, 2026/APO Group/ –Africa was the second best-performing region for governance progress in the 2026 Chandler Good Government Index (CGGI), with 71% of the African countries assessed in both 2025 and 2026 achieving higher overall scores. However, the continent remains the lowest-scoring region overall, highlighting the challenge of translating improvement in government capabilities into better outcomes for citizens.

 




 
 

These findings were highlighted by the Chandler Governance Group (CGG) at a joint session with the Rwanda Governance Board (RGB) to launch the 13th edition of the Rwanda Governance Scorecard at the Kigali Serena Hotel on Thursday, 22 October 2026.

“This year, Africa’s strongest gains came in Financial Stewardship, followed by Helping People Rise, the CGGI’s outcomes pillar. This signals that stronger government capabilities are beginning to translate into tangible improvements in people’s lives, from access to quality education and healthcare to the public finances that fund them. The task now is to sustain that progress over the coming years,” says Dinesh Naidu, Director (Knowledge) at CGG.

Now in its sixth edition, the CGGI assesses government capabilities and effectiveness across 133 countries representing 94% of the world’s population, up from 120 countries in 2025. It measures 35 equally weighted indicators across seven pillars, providing governments with a framework to benchmark performance, identify gaps and learn from the experience of other countries.

Globally, the findings point to improving governance performance. Of the 120 countries assessed in both 2025 and 2026, 61% recorded higher scores, representing the highest annual share of countries improving since the Index launched in 2021. However, longer-term progress has been less consistent, with only 43% of the 104 countries tracked since 2021 recording an overall improvement.

Africa’s leading governments

Mauritius remains Africa’s highest-ranked country, placing 55th globally, followed by Rwanda (62nd), Botswana (70th), Morocco (79th) and Tanzania (80th). South Africa ranks sixth on the continent, in 85th place globally.

Rwanda features prominently in the discussion, ranking 11th globally for Leadership & Foresight and emerging as the highest-ranked low-income country in the Index. It ranks 61 places above where its income alone would predict. Across the Index, government capabilities track citizen outcomes more closely than national wealth does, suggesting that strengthening government capabilities matter in delivering better outcomes for citizens.

The joint session brings together the CGGI’s international benchmarks and the Rwanda Governance Scorecard’s assessment of governance in the Rwandan context, creating an opportunity to consider both global perspectives and country-specific priorities.

Progress across key governance pillars

Across Africa, average scores improved in six of the seven CGGI pillars over the past year, with the strongest gains in Helping People Rise and Financial Stewardship. These improvements point to progress in areas associated with public services, including healthcare and education, as well as the management of public finances.

Longer-term trends also highlight areas of progress. Between 2021 and 2026, nearly every African country assessed across the period improved its Data Capability score, with Morocco recording the largest gains. Ghana’s overall score improved in 2026, supported by stronger Financial Stewardship, while South Africa continues to show relative strength in Robust Laws & Policies, ranking 44th globally, and Attractive Marketplace, ranking 48th.

Despite these gains, the scale of the challenge remains clear. Africa’s regional average is still below its 2021 level, 23 of the 35 African countries in the 2026 Index rank outside the global top 100, and none is in the top 50. Seven African countries joined the Index this year: Chad, the Democratic Republic of Congo, Gambia, Guinea, Lesotho, Liberia and Togo.

“Rankings provide a useful starting point, but the broader value of the CGGI lies in helping governments understand where they are making progress and where further work is needed. Sustained improvements depend on the ability to strengthen institutions, manage resources responsibly and turn policy into meaningful outcomes for citizens,” says Naidu.

A tool for learning and improvement

The CGGI is designed as a practical diagnostic tool, helping governments identify gaps, track progress over time, and learn from peers facing similar constraints. The collaboration with the RGB brings international benchmarking together with locally grounded assessment.

“Every country faces its own governance challenges and is driven by varying priorities. Governments that are willing to take stock of the evidence and learn from peers to strengthen their institutions are well placed to achieve real improvements,” concludes Naidu.

Distributed by APO Group on behalf of Chandler Governance Group.

 

 




 

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