More African nations embrace yuan as dollar dominance weakens

    Bunmi Bailey | Insights | Jul 16, 2026    
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African economies are accelerating their use of China's yuan for trade, debt servicing, foreign exchange reserves, and cross-border payments. The shift marks one of the continent's clearest moves yet to reduce dependence on the US dollar as governments grapple with persistent dollar shortages and deepen financial ties with Beijing.

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