NAIROBI, April 21 (Reuters) – Pan-African lender Ecobank is in talks with Bank of China to launch a direct local-currency-to-yuan settlement product for its customers by year end, its group CEO said, citing rising trade and commercial ties between Africa and China. The move by Togo-based Ecobank and the majority state-owned Chinese lender comes as some African markets explore alternatives to the dollar for cross-border payments, including the Chinese currency. “We are looking at opportunities for us to settle with, instead of going through the dollar, we do it directly with the Chinese yuan,” Jeremy Awori told Reuters on Monday,…
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