🇹🇬 🇨🇳 Ecobank opens new Beijing office and signs CIPS deal to boost China-Africa trade

Ecobank Group has opened new office premises in Beijing and signed a memorandum of understanding with the Cross-Border Interbank Payment System to strengthen renminbi transactions between China and Africa. The agreement, signed on 10 October, is aimed at simplifying settlement and improving access to financial channels for trade and investment, while the new office will serve as a gateway to Ecobank’s network across 34 African markets.

The signing took place in the presence of Togo’s Minister of Finance and Budget during the official visit to China by Faure Essozimna Gnassingbé, President of the Council of the Republic of Togo. China was Africa’s largest trading partner in 2025, with bilateral trade reaching about $348bn.

#Togo

🔸 Source

@africaintel