Spread the loveFaith Nyasuguta  Zambia has become the first African nation to formally accept China’s yuan for mining taxes and royalties, a move that highlights Beijing’s expanding financial influence across the continent’s strategic resource sectors. The Bank of Zambia confirmed that payments in renminbi, the official currency in China,began in October, marking a major shift … Continue reading ZAMBIA BECOMES FIRST AFRICAN COUNTRY TO ACCEPT CHINA’S YUAN FOR MINING TAXES