Following a decision of the COMESA Committee of Governors of Central Banks (Tripoli, Libya, November 2007), the Bank was appointed to act as the settlement bank for the Regional Payment and Settlement System (REPSS) of the COMESA Clearing House to allow cross-border payments between COMESA member-states.
In April 2008, the Bank organised a workshop for all COMESA central banks on the functioning of the REPSS. During the year, the Bank also hosted the Eastern Africa Sub-Regional meeting of Governors of the Association of African Central Banks and facilitated the Board Meeting of the African Export-Import Bank, which was held in Mauritius.