Stanbic Bank Tanzania launched direct yuan settlement on Aug. 12, 2026, letting businesses trade with China without converting through the US dollar.

Stanbic Bank Tanzania’s launch of a direct Renminbi (RMB) settlement service could lower payment barriers for businesses trading with China and support Tanzania’s ambitions to…

Stanbic Bank Tanzania launched direct yuan settlement on Aug. 12, 2026, letting businesses trade with China without converting through the US dollar.