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China approves Standard Bank, ICBC as joint RMB clearing bank for Africa
China”s central bank said on Friday that it has authorized Standard Bank, Africa’s largest lender, and the Industrial and Commercial Bank of China to jointly
Bank of China Approves a Yuan Clearing Hub Across 19 Africa Markets – BitKE
China has authorized Standard Bank Group Ltd. and Industrial and Commercial Bank of China (ICBC) to establish a Renminbi clearing network spanning 19 African countries,
Meet the business leader backing Kenya’s affordable smartphone revolution
As Kenya works to bring more people into the digital economy, one business leader is helping make smartphones more accessible through local manufacturing. Joshua Chepkwony,
![[PHOTOS] Ruto leads Kenya in marking World MSME day at KICC](https://blackhotfirenetwork.com/wp-content/uploads/2026/06/PHOTOS-Ruto-leads-Kenya-in-marking-World-MSME-day-at-400x400.jpg)
[PHOTOS] Ruto leads Kenya in marking World MSME day at KICC
President William Ruto interacts with exhibitors during the 2026 World MSME Day celebrations at KICC, Nairobi/PCS President William Ruto on Saturday led Kenya in marking
China gives Standard Bank approval to clear yuan payment in 19 African countries
Africa’s largest lender, Standard Bank, has won approval by China to clear yuan payments across 19 African countries, in what financial analysts describe as major
World Bank’s $642 Million Skills Push Targets Africa’s Youth Employment Gap
The World Bank Group has approved a major regional skills and employment programme for Western and Central Africa, setting up a new platform aimed at
Parliament seeks bigger say in control of Kenya’s Sovereign Wealth Fund
The proposed Sovereign Wealth Fund will collect and invest part of the government’s revenues from oil and mineral resources. [File, Standard] MPs are pushing for
New Act to spur Kenya’s coffee renaissance
The assent of the new Coffee Act by President William Ruto marks a major turning point in Kenya’s agricultural and economic landscape. Coming at a
World Bank Warns of Stalling Recovery as Inflation Set to Climb Across Sub-Saharan Africa
Sub-Saharan Africa’s economic recovery is losing momentum, with the World Bank projecting growth will hold at 4.1 percent in 2026, the same pace recorded in
6th Canada-Africa Business Conference Opens in Lagos, Headline Sponsored by Zenith Bank Plc
The Canada-Africa Chamber of Business (www.CanadaAfrica.ca) today opens the 6th Canada-Africa Business Conference in Lagos, Nigeria, headline sponsored by Zenith Bank Plc, bringing together senior