Forex liquidity and currency swaps are major challenges in Africa, hindering the use of dollar-based services in the continent’s import-dependent economy. However, decentralized finance (DeFi) could provide a solution by leveraging cryptocurrencies and blockchain networks. Canza Finance, a neo-bank, aims to address this issue with its new DeFi technology called Baki. Baki offers a decentralized FX exchange for African currencies, allowing slippage-free swaps at central bank rates. This creates a favorable business environment for intra-African trades and reduces costs for businesses participating in these trades. Baki also tackles the problem of funds exiting Africa when exchanging currencies, which causes inflation in the dollar value and increased costs. By enabling traders to swap currencies without loss at official central bank prices, Baki minimizes these risks. The CEO of Canza Finance, Pascal Ntsama IV, believes that Baki can work within the current regulatory climate and that a positive shift in regulation would lead to more adoption. Users and liquidity providers on Baki earn yield from the fees charged on currency swaps, with the yield being split between liquidity providers, Canza Finance tokenholders, and Canza Finance as an entity. The DeFi industry in Africa is projected to experience significant growth, and Baki aims to be at the forefront of this expansion.