Tag: Chinese yuan

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Zambia leads Africa, takes mining taxes in Chinese yuan

At a Glance Zambia has become the first African nation to formally accept China’s yuan for mining taxes and royalties, underscoring Beijing’s growing influence in the continent’s key resource sectors.  The Bank of Zambia confirmed that payments in renminbi began in October, marking a shift in how the world’s second-largest copper producer handles its mining revenues. Chinese mine operators are…

Timilehin Adejumobi January 2, 2026