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Who wins Africa’s race for China’s yuan payments?

A crowd of people waiting in line at a ticket station in Beijing, China, Photo by Zhang Kaiyv @ Pexels
A crowd of people waiting in line at a ticket station in Beijing, China, Photo by Zhang Kaiyv @ Pexels

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • African banks target trade-finance revenue as China–Africa trade surges 23.3%.
  • Standard Bank leads yuan settlements as new entrants confront liquidity and currency challenges.

 

ACCRA, GHANA – African banks are racing to capture China’s booming trade payments, betting that faster yuan settlements will unlock a bigger share of trade-finance revenue.

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