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Expanding Sino-Kenya trade drives uptake of Chinese yuan: KBA

september 14, 2022by Reacties uitgeschakeld voor Expanding Sino-Kenya trade drives uptake of Chinese yuan: KBA

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NAIROBI, Sept. 14 (Xinhua) — The Kenya Bankers Association (KBA) said Wednesday that growing Sino-Kenya trade is driving the uptake of the Chinese currency yuan among financial institutions.

Habil Olaka, Chief Executive Officer (CEO) of KBA, told Xinhua in Nairobi, the capital of Kenya, that the use of yuan will help reduce the transaction cost of trade between Kenya and China.

“As Kenya-China business g

Previous Post Xinhua world news summary at 1530 GMT, Sept. 14

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