The Diplomat published on 3 November 2025 an analysis titled "Debt Relief as Currency Strategy: China's Renminbi Push in Africa" by Monique Taylor.
Kenya has converted part of its Chinese loans from U.S. dollars into renminbi (RMB), while Ethiopia is negotiating a similar arrangement. This allows the borrowing country to reduce its debt servicing costs and permits China to turn debt distress into a strategic opening to expand the RMB's international use.
