Stanbic’s China payment link is set to ease the country’s trade friction with Beijing Kampala, Uganda | THE INDEPENDENT | Ugandan businesses trading with China are set to gain faster access to yuan payments after Stanbic Bank Uganda became the country’s first lender to connect to China’s Cross-Border …
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Ethiopia and Kenya may become Africa’s first countries to repay Chinese loans in Beijing’s currency. It’s the latest in a wider de-dollarization trend that is sweeping across the continent. SPECIAL REPORT | BIRD AGENCY | Ethiopia and Kenya are turning to the Chinese yuan, seeking relief from the high cost …
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Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda had downplayed talk of negative effects on the global economies in light of the developments around the US dollar and the renminbi, the Chinese currency. Talk of a possible US dollar collapse has dominated international headlines, with some terming it imminent, …
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Shanghai, China | AFP | China’s yuan has sunk by around four percent in August to its lowest point in more than 11 years on Monday, a decline likely to further exacerbate trade tensions with Washington. Here are five things to know about the yuan’s slide: – Why has the …
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The Independent Uganda: You get the Truth we Pay the Price
