Chinese mine operators in Zambia started paying royalties and taxes in yuan in Africa’s second-biggest copper producer, the latest sign of the growing acceptance of the currency on the continent.  

On this week’s episode, bloomberg reporter Matthew Hill and Bloomberg Economics Africa Economist Yvonne Mhango join Jennifer Zabasajja to discuss why China wants to boost the use of its currency, what’s in it for African countries, and whether there’s a risk of US retaliation

For more stories from the region, you can subscribe to the Next Africa newsletter here

Chinese mine operators in Zambia started paying royalties and taxes in yuan in Africa&rsquo;s second-biggest copper producer, the latest sign of the growing acceptance of the currency on the continent.&nbsp;&nbsp;
On this week&rsquo;s episode, bloomberg reporter Matthew Hill and Bloomberg Economics Africa Economist Yvonne Mhango join Jennifer Zabasajja to discuss why China wants to boost the use of its currency, what&rsquo;s in it for African countries, and whether there&rsquo;s a risk of US retaliation
For more stories from the region, you can subscribe to the Next Africa newsletter <a href="https://www.bloomberg.com/account/newsletters/next-africa">here</a>

Each week, Jennifer Zabasajja provides a deep dive into the business stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent. 

Each week, Jennifer Zabasajja provides a deep dive into the business stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent.

Inside the stories shaping the world’s fastest-growing continent.

Next Africa

Each week, Jennifer Zabasajja provides a deep dive into the stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent. 

Each week, Jennifer Zabasajja provides a deep dive into the stories that shape Africa. Join Jennifer and our Bloomberg reporters as they lift the lid on the news driving the continent.

Why More African Countries Are Switching To Chinese Yuan

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