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@uplandMedia Mon, 07 Sep 2026 04:00:43

RMB use expands in Africa amid growing financial connectivity, trade

  NAIROBI | Xinhua |  China's currency, the renminbi (RMB), is playing a bigger role in Africa as trade with the continent flourishes. From the launch of direct RMB settlement services in Tanzania to expanded connectivity with the Cross-Border Interbank Payment System (CIPS) in Kenya and Namibia, as well as the establishment of RMB clearing … The post RMB use expands in Africa amid growing financial connectivity, trade appeared first on The Independent Uganda:.

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