Bank of Kigali joins China’s payment network amid Africa’s de-dollarisation efforts

The Bank of Kigali has become the first bank in Rwanda and the first headquartered in East and Central Africa to join China’s main cross-border payment network as a direct participant. This move aligns with the broader trend of de-dollarisation efforts across Africa, aiming to reduce reliance on the US dollar in international transactions.

Originally published by gnews