The first two weeks of July have highlighted the forces reshaping Africa’s financial landscape. From the continent’s growing embrace of the Chinese yuan and Ethiopia’s sweeping banking reforms to Kenya’s resilient economic growth and East Africa’s rising appeal to investors, Africa is strengthening its long-term growth story even as renewed geopolitical tensions threaten the recovery.
Here are the stories shaping the week
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, signalling one of the continent’s clearest moves yet to reduce reliance on the US dollar as China deepens its economic footprint across Africa.
Why it matters: The growing use of the yuan could lower transaction costs, ease pressure on scarce dollar reserves and reshape how African countries finance trade and manage debt. It also reflects China’s expanding influence in Africa’s
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