Awori: China MOU to Ease Africa’s USD Liquidity Pressure

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Ecobank and China’s Cross-Border Interbank Payment System signed a memorandum of understanding to improve payment connectivity between China and Africa. The agreement coincides with Ecobank opening its first Beijing office and seeks to ease liquidity and cross-border payment pressures.

Ecobank and China's Cross-Border Interbank Payment System have signed a MOU to strengthen payment connectivity between China and Africa. It comes as the pan-African banking group opens its first office in Beijing. Jeremy Awori, Group CEO of Ecobank spoke to Bloomberg’s Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East & Africa about their agreement with China plus their operations in Senegal and the future of their Chairman. (Source: Bloomberg)

World Markets Deals Ecobank China Africa payment connectivity cross-border payments Beijing office

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