More African nations embrace yuan as dollar dominance weakens
African economies are accelerating their use of China’s yuan for trade, debt servicing, foreign exchange reserves, and cross-border payments. The...
- Tuesday, July 14, 2026
BusinessDay
African economies are accelerating their use of China’s yuan for trade, debt servicing, foreign exchange reserves, and cross-border payments. The...
Kenya’s economy accelerated to its fastest first-quarter growth in three years, as a rebound in manufacturing, booming tourism, and resilient...
South Africa remains Africa’s banking powerhouse, home to the continent’s biggest lenders, deepest capital markets, and most sophisticated financial system....
Africa’s private sector regained momentum last month as easing energy prices and improving business confidence lifted activity across more economies...
Africa’s biggest economies are entering a new phase of competition for capital, trade and financial influence. South Africa is confronting...
First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, has confirmed plans to seek a banking licence in...
The European Bank for Reconstruction and Development (EBRD) is using Nigeria as the launchpad for a five-country expansion into sub-Saharan...
Africa’s two biggest economies are expected to remain on relatively firmer footing this year as growth slows across the rest...
South Africa recorded negative Foreign Direct Investment inflows last year for the first time since 1990, as multinational companies repatriated...
Africa enters the second half of 2026 with reform momentum beginning to translate into stronger market signals. Ethiopia is preparing...