Nigeria Startup News posted on 24 April 2026 an article titled "Ecobank Moves to Enable Direct Yuan Payments for Africa-China Trade by 2026" by Paulinus Sunday.
Pan-African Ecobank is in discussion with the Bank of China to establish a settlement framework that would allow payments to be made in Chinese yuan by the end of 2026, reducing dependence on the U.S. dollar. Ecobank's yuan settlement plan signals a growing shift towards a more diversified and multipolar payments ecosystem for African trade.