Standard Bank, Africa’s largest bank by assets, has processed more than CNY8 billion ($1.2 billion) through China’s Cross-Border Interbank Payment System (CIPS), highlighting the growing role of the Chinese yuan in trade between Africa and the world’s second-largest economy.
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Operations at one of the world’s largest platinum mining complexes have been temporarily suspended after six worker deaths over the past year and a rise in serious underground safety incidents prompted owner Impala Platinum Holdings (Implats) to halt mining and launch a comprehensive safety overhaul.
India has moved ahead of Japan to become the world’s fourth-largest economy in 2026, marking a major milestone in its long-term economic expansion. According to Worldometer data based on International Monetary Fund projections, India’s gross domestic product is estimated at $4.51 trillion this year, slightly above Japan’s projected $4.46 trillion.
South Africa has taken a major step towards expanding local-currency trade in Southern Africa after the Angolan kwanza became the second settlement currency on a regional payment system that had operated exclusively in rand for 13 years.
Exhibitors showcase solar technology at a previous energy event in Nairobi|Photo: The Standard The capital will stage the region’s biggest solar-focused event as Kenya advances its renewable energy goals and attracts international investors