China has been expanding use of digital currencies as it promotes wider use of its yuan, or renminbi, to reflect its status as the world's second-largest economy.

Treasury Cabinet Secretary (CS) John Mbadi has revealed that Kenya is negotiating with China to extend repayment terms and ...

China has long aspired for the yuan to achieve global currency status, akin to the dollar or euro, reflecting its weight as the world’s second-biggest economy. However, its tight capital controls and ...

China launched its own digital yuan, the e-CNY issued by its central bank, on a trial basis in 2019. View on euronews ...

Kenya’s repayment of the SGR loan is currently in US dollars, meaning the government must constantly buy large amounts of dollars from the market to meet repayment obligations. This creates extra ...