COMESA Regional Payment and Settlement System (REPSS)
Record COMESA-P-0001 · draft, not yet reviewed by a person
Cite as: Laurence Wilse-Samson, Bridging African Borders, record COMESA-P-0001: "COMESA REPSS" (public draft, built 2026-11-01). https://borders.lwilsesamson.com/ideas/comesa-p-0001/ Data and citation
Status by track
DeliveryPartly operating · 31 Dec 2022sources checked 30 Oct 2026
REPSS is a multilateral netting system with end-of-day settlement, run by the COMESA Clearing House in Harare. Local banks reach it through their central banks. The Clearing House's page lists nine central banks as live: the DRC, Egypt, Eswatini, Kenya, Malawi, Mauritius, Rwanda, Uganda and Zambia. It gives over US$388 million processed in the six years to 31 December 2022.
- central banks live on the system · undated"The system is operational in 9 Member States, namely at the Central Banks of DRC, Egypt, Eswatini, Kenya, Malawi, Mauritius, Rwanda, Uganda and Zambia" "The system is operational in 9 Member States, namely at the Central Banks of DRC, Egypt, Eswatini, Kenya, Malawi, Mauritius, Rwanda, Uganda and Zambia"wording checked against the documentCOMESA Clearing House (institution page) · page text · wording checked against the document
- value processed to the end of 2022 · 31 Dec 2022"The value of transactions processed on the system is growing, reaching over US$ 388 Million over a 6-year period, as at 31 December 2022" "The value of transactions processed on the system is growing, reaching over US$ 388 Million over a 6-year period, as at 31 December 2022"wording checked against the documentCOMESA Clearing House (institution page) · page text · wording checked against the document
- When each central bank joined, and whether the list is still current. The page is undated.
- Volumes after 2022. Not found in the sources read.
Observations
One figure: the value transacted over the six years to 31 December 2022, as the Clearing House's undated page gives it. It is a running total, not a series.
| Period | Segment | Measure | Value | Denominator | Source |
|---|---|---|---|---|---|
| six years to 2022-12-31 | all REPSS transactions | value of transactions processed | 388 USD million | not applicable (a running total; the page says "over" this figure and does not give the start date) | "The value of transactions processed on the system is growing, reaching over US$ 388 Million over a 6-year period, as at 31 December 2022"wording checked against the document |
Evidence
- how it settles"REPSS is a Multilateral Netting System with End-of-Day Settlement in a single currency (US$ or Euro)"; "Local banks access the payment system through their respective Central Banks" "REPSS is a Multilateral Netting System with End-of-Day Settlement in a single currency (US$ or Euro)"; "Local banks access the payment system through their respective Central Banks"wording checked against the documentCOMESA Clearing House (institution page) · page text · wording checked against the document
- the Clearing House's estimate of importers' savingsthe Clearing House estimates that importers saved over US$19.4 million by paying through REPSS rather than by letters of credit, assuming letters of credit would have cost 5% of the US$388 million transacted the Clearing House estimates that importers saved over US$19.4 million by paying through REPSS rather than by letters of credit, assuming letters of credit would have cost 5% of the US$388 million transactedparaphrase, not a quotationCOMESA Clearing House (institution page) · page text · paraphrase, not a quotation
- link to PAPSS (stated intention)"the Clearing House is working closely with Afreximbank in the context of interfacing REPSS with its Pan African Payment and Settlement System – PAPSS" "the Clearing House is working closely with Afreximbank in the context of interfacing REPSS with its Pan African Payment and Settlement System – PAPSS"wording checked against the documentCOMESA Clearing House (institution page) · page text · wording checked against the document
- How REPSS relates to SADC-RTGS for the five central banks on REPSS whose countries are also SADC members (the DRC, Eswatini, Malawi, Mauritius and Zambia). Not found in the sources read.
- Whether the interface with PAPSS has been built. Not found in the sources read.
Institutions named
A role is shown only where a quoted source says what the institution does on this reform.
Reach: 0 cross-border links, 0 blockers, 1 institutions in 1 country. Counted from the records.