By Nik Ogbulie
Three years down the line since the two became part of the innovation to the iconic project now globally known as IATF, they seem to have added the most anticipated technical and intellectual value to the economic integration plot of the bank.
Market indications from banks and the import community in Nigeria are rife with the applause that introduces PAPSS as the market beater and probably one of the newest points-of-sale of many commercial banks in Nigeria today. The users have graphically aligned with the fact that the PAPSS innovation has become a plus to doing business within African countries, as it has not only facilitated doing-business but has optimised the belief in what is gradually becoming an African-home-grown innovation in strategic problem solving.
These indications have been copiously corroborated by revelations at the media workshop on PAPSS on the sidelines of the IATF by Mr. Ogbalu II, CEO of the digital arm of the Intra-African Trade Initiative.
A very deep understanding of the technological depth and intellectual content of PAPSS makes the entire innovation a head-turner, as the discovery has created a sought of distinction that has removed innovators from inventors.There is a clear distinction as to what PAPSS has come to do, economically, technologically and politically in the global transaction space. It’s inclusion into the operational moderlities of IATF has removed the institution from a mere African economic experiment to a strategic plan on which the entire content of the African economy will stand.
It’s ascendancy to the matrix created for the African Economic Intigration is not far removed from the CANEX waves, which have amplified the modalities for sustainable innovations.
While PAPSS is the cerebral component of market development, CANEX remains the philosophical content of the IATF as the broad spectrum of a new innovation. PAPSS and CANEX have inadvertently become the drivers of the IATF ideologues who would soon be confronted with the challenges of neo-expansionism that the two innovations are bringing to bear to Afreximbank management.
Technical and cultural innovations in business settings have remained business buffers but have consequently remained separate institutions that can continue to be identified as the turning points of market expansion and ideas cultivation.
In the not too distant future in the life of IATF, these two emerging innovations will become stand-alones in the African Economic Integration space, and they will remain the paraphernalia of the Afreximbank’s African Trade phenomenon.
The rate of their acceptance is rapid and their penetration is impressive, pointing a way forward to a time their products and services will be seen as different brands of the same creations. These are the cocks that will bouy the Intra-African Trade. They have remained
completely creative and valuable.
