China Promotes Yuan Trade Settlement in Africa Amid Rising Exports

China is actively encouraging the use of yuan for trade settlements in Africa, as Chinese exports to the continent increased by over 27% in 2025. According to NS3.AI, African nations currently incur approximately $5 billion annually in dollar settlement fees and are exploring alternatives like yuan swaps to reduce these costs. This move is part of China's broader strategy to enhance its economic influence in Africa and offer more flexible financial options to its trading partners.